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News Trading Strategies

News trading is the type of trading where you use the economic and business forecasts to predict the future trends for the traded assets.

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News Trading Strategies: How it Works?

Every day a lot of economic predictions and news releases are published and many speculative traders are buying and selling the underlying assets based on the news predictions.

For example, if the statistical news about US unemployment rate is predicted to show results that there is less unemployment as compared with previous analysis period, many traders will buy the USD, since lower unemployment rate is good for the national currency. As a consequence, the impact will reflect on EUR/USD pair. As the USD will grow stronger, the EUR/USD Forex chart (for example) will move down.

This is an opportunity for binary options traders to take the speculative trade prior the news release, based on the prediction, or they can wait for the actual release and try to catch the developing trend, as many traders will still buy the USD after the release, if the result has been positive and good for USD.

BEST PLACE TO LEARN BINARY OPTIONS TRADING

There are various resources available online, which can help you acquire the basic knowledge of binary options trading. But the best place to start is by joining free education centers offered by binary options brokers.

One of the best educational programs for beginners is offered by popular and trusted broker - 24option.

24OPTION EDUCATION

Join 24option Free Trading Education Center

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