Forex News Trader – How To Trade Forex Using News and Economic Releases

While many forex traders are technical traders and institute their trades based on technical indicators from a price chart, there are some traders who are basically pure forex news traders.What is actually forex news trading?The forex news trader is basically a forex trader who makes his decisions to trade based on news and reports that are released daily. He does not depend on any technical indicators at all.Why is news trading possible?The forex market is a 24 hours market, and there are 8 major currency pairs available for trading with well over 17 derivatives, therefore allowing the economic news releases almost daily from any one or more of these currency pairs to impact on their movements.What are these 8 major currencies that forex traders often watch for economic news releases that impact on their value?The eight major tradeable currencies are1. U.S. dollar (USD)2. British pound (GBP)3. Euro (EUR)4. Japanese yen (JPY)5. Australian dollar (AUD)6. Swiss franc (CHF)7. Canadian dollar (CAD)8. New Zealand dollar (NZD)The availability of these currency pairs and their derivatives such as the USD/JPN, Euro/USD, AUD/USD and several others means that you can trade some currency or its derivative pair at any time as these currencies span the globe!So for the forex trader who trades on the news, he will have his eyes and ears set on the release of economic news and data that affect currency values.Generally, we will watch out for news regarding the interest rates or direction of interest rate such as the FOMC rate decisions, release of retail sales figures, indications of inflation which can be gauged from consumer price index or the producer price index, unemployment figures, news on industrial production, news that indicate a boost in business such as business sentiment surveys and consumer confidence surveys,manufacturing sector surveys and news on the country’s trade balance(such as foreign purchases of US Treasuries).Different new releases impact upon currencies, and often lead to breakouts in volatility.
The key to trading on news is to take advantage of these movements in volatility which can last a few minutes or hours, and even days into the future.Trading purely on news release is harder than it seems, but the task is made easier and more profitable with the use of indicators, such as a breakout indicator as a bollinger band or a breakout of a candlestick or a price bar. Statistics have shown news release can trigger movements that range in size from 33 to 124 pips, leading to trading opportunities.By studying into high probability trade setups that has occurred consistently with the release of historical economic data, the forex news trader can devise strategies that can allow him to extract fast profits from volatile movements arising from news releases. The potential gains can be massive where the forex news trader can react quickly.

News Release Distribution Services to Use

Writing a quality press release is a great way to promote your website and the services that you offer, however, the problem lies in determining which news release distribution services should be used and which ones should be avoided. This scenario is further complicated as there a number of news release distribution services that are free and a number that you have to pay to use.Conventional wisdom tells you that you get what you pay for and with news release distribution services that is true to some extent, however, there are some free services that are better than the pay services. Here are some news release services both pay and free that can represent a great value to you:• PR Newswire: PR Newswire is probably the biggest name in the news release service industry and they are about the most expensive as well. However, you really do get what you pay for with PR Newswire as they have the ability to get your press release out in front a massive amount of eyeballs and really, that’s the name of the game.• PR.com: PR.com has three different packages that you can choose from. The first level is free and is a great way to get your press releases out and about when you are first starting your business and a bit short on funds. After you have established your business a bit better, you can always then opt to pay for one of their upper-tier programs and enjoy a flurry of additional resources and features.• MarketWire: MarketWire has a wonderful wealth of information that you can utilize in order to make your press releases more effective. While they don’t offer any upfront pricing, they do give you a consultation and let you know exactly what you can expect to pay to use their services.With the good comes the bad and news release distribution services are no different. In general there are a number of factors that you want to look for that are tell-tale signs of a news release distribution services to avoid, such as:• Hidden Fees: Read the fine print. A lot of news release distribution services will look free on the outside, but burry little fees wherever they can.• Unethical Distribution: You need to be sure that the news release distribution service you choose is actually distributing your press release in the proper manner. If not, they may be spamming, which will lump you in as a spammer, and spam is not well tolerated online.• Poor Customer Service: If the news release distribution service that you are considering doesn’t have an 800 number for you to call then you may want to use a different service. Having the ability to get a hold of a real person should you need to can be invaluable.While there are a lot of choices as to where you can go in order to distribute your press releases there are certainly news release distribution services that are better than others. By being cautious and choosing wisely, you too can effetely spread the word about your business with a well written press release.

Promote With Your Own News Site

Here is a proven way to easily start your own local news website. The possibilities for profits are unlimited. You will be a favorite person in your community, a leader, and a known mover and shaker. Best of all, your news site costs you less than a weekend on the town.Your news site will be nothing more than a few short news stories anyone can write themselves, a few photos, and some simple homemade videos on YouTube.That is all you need.In this article I’m going to show you how to create your news site. But first, let me tell you why NOW is the perfect time to start.The news business is HUGE. Newspapers used to suck up 80 percent of the advertising dollars in any city, leaving the crumbs to TV and radio. The news industry was a cushy world for a long time. I worked in the news biz for 20 years, so I speak from experience.But Then Two Very Awful Things Happened1. The Internet came along and Google Ads started grabbing millions in ad dollars. Big companies learned they could get results faster and cheaper with pay-per-click than with expensive newspaper ads.2. The Great Recession dried up revenues and city newspapers with all their hundreds of employees and expensive facilities starting going belly up. The news “depression” started in 2006 and continues to get worse.Today many towns and cities simply don’t have much of a newspaper anymore. They have reduced staffs, far less news, and their websites mostly pull in news from out-of-town services. It looks like news, but it isn’t vital to local residents. To make matters worse, TV and radio largely “borrow” their news from newspapers.Here Comes Your OpportunityWhere there is trouble, there is even greater opportunity. Big expensive news organizations are being replaced by very small groups of people, sometimes as small as one person.A solo operator, working alone or with a few helpers, can turn out a terrific news product at amazingly low cost. That leaves lots of room for profits.There is plenty of room for a good news website that reports positive stories, interesting happenings, and helps promote local business.How to Create Your Own News Site in 6 Simple Steps1. Get a domain name that includes your city or area’s name.2. Create a clean, fast-loading website with a column for a business story, a center column for a local news story, and another side column for society and school news.3. At the bottom of the page, include a couple of videos you made and posted on YouTube. These can be short, simple videos of local places and happenings. People LOVE to find videos of local places on YouTube. Be sure to write a title, description, and keywords that include the name of your city, where your video took place, and even names of people in the video.4. Update your news website once every week or two. Save the old news page in a folder for “recent news.” Link to your old news from the home page. Be determined and keep putting up news. The more and longer you post, the more results you will get.5. Mention just as many local names and places as you can. The first thing any person puts into a search engine is their own name.6. Have a link or banner that goes to your advertising site or page. Offer to include a story on a local business along with a YouTube video, and perform the service for a fee. This is where you will make most of your money. As you get known around town as the news person, all kinds of possibilities for profit will materialize.This setup gives search engines a LOT to chew on. Your YouTube videos and news stories are good, interesting local content that will eventually spread all over Google.I keep a cheap Flip video camera in my coat pocket. As I run around town on my daily errands, I look for anything I can shoot a quick video of. The super simple software that comes with the Flip lets me edit the video and load it up on YouTube with a few clicks.Right now the smartest minds in news are feverishly searching for new business models. This business plan is tailor made for the solo operator. Best of all, it’s super cheap and easy to do.