BEST FOREX NEWS TRADING STRATEGY CAD Retail Sales Data

BEST FOREX NEWS TRADING STRATEGY CAD Retail Sales Data

Share This Content
#forexnewstrading #scalpingstrategy #forex #daytrading

Thanks for watching!
A FOREX COURSE FROM THE BEST FOREX TRADER AWARD WINNER:
🍿 My 8 Weeks Complete Online Forex Course https://godloveuniversity.com/

🥇 The Best Mechanical Forex Robot Award Winner
🤖 Get PATREX PRO now: https://godloveuniversity.com/p/patrex-pro-3-0

RECOMMMENDED FOREX BROKERS
🏆 Looking for the Best Forex Broker?
I Use These Brokers.
🎖IC Markets - Best Overall True ECN Forex Broker with the lowest spreads
👉 Sign up here: https://bit.ly/2W38hd2
🕹 FP Markets - #2 ECN Recommended Broker, Lowest Spreads & best for Robotic Trading.
👉 Sign up link: https://bit.ly/3akbpZI
🧩 XM - #3 Recommended Broker if you can't use #1 & #2 above.
👉 Sign up link: https://bit.ly/3tX28vY

❤️ Join My Free Discord Community Now!: https://discord.gg/YHfasZcmzc

💰 Get Access To My Private Mentees Community Through Patreon: https://www.patreon.com/godlove

📸 Follow My Instagram: https://bit.ly/3F8MzXq
--------------------------------------------------------------------------------------------------------------------------------

Trading News With Exotic Options
One potential answer to capturing a breakout in volatility without having to face the risk of a reversal is to trade exotic options. Exotic options generally have barrier levels and will be profitable or unprofitable based on whether the barrier level is breached. The payout is predetermined and the premium or price of the option is based on the payout. The following are the most popular types of exotic options to use to trade news releases:

Double one-touch option
One-touch option
Double no-touch option
A double one-touch option has two barrier levels. Either one of the levels must be breached prior to expiration in order for the option to become profitable and for the buyer to receive the payout. If neither barrier level is breached prior to expiration, the option expires worthless. A double one-touch option is the perfect option to trade for news releases because it is a pure non-directional breakout play. As long as the barrier level is breached—even if the price reverses course later—the payout is made.

A one-touch option only has one barrier level, which generally makes it slightly less expensive than a double one-touch option. The same criterion holds—the payout is only made if the barrier is breached prior to expiration. This is a good option to buy if you actually have a view on whether the number will be stronger or weaker than the market's consensus forecast.

Unplanned Forex News
Sometimes the unpredictable nature of the society we live in means things happen, things that move markets.

This section encompasses all other high impact Forex news releases that you may or may not find on your economic calendar.

Important Examples: Political speeches, central banker speeches, terrorist attacks
How often: Sporadic

An example may be the US president stepping up to the microphone at a campaign rally for an off-the-cuff announcement of an economic stimulus package. This has the potential to send the US Dollar soaring as fiscal policy affects demand.

Another more sober example, is a terrorist attack. If a bomb goes off in a busy underground station, panic soon spreads to markets as traders price in the probability of economic slowdowns and the uncertainty of war.

NOT FINANCIAL ADVICE DISCLAIMER

The information contained here and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.