Trading Strategy for Fundamental News
Fundamental news is quite influential although generally temporary. However, the existence of this fundamental news can sometimes affect the macro trend in the future. In contrast to technical analysis which only utilizes the history of price movements, in this fundamental analysis traders will actually try to capture opportunities that may arise from news or economic data related to a country and affect the country's currency.
The important thing that traders must pay attention to is that in this analysis there are many misunderstandings that often occur regarding forex trading using fundamental news. know the news related to trading. Therefore, traders must understand well the use of fundamental news properly before carrying out forex trading activities.
Trading Strategy for Fundamental News
For the record, it is better for traders to only use economic data that has a major impact on price movements, namely data with a red icon which is economic data that is classified as "important data", or another term is "big figure". Apart from this strategy, there are several other strategies that traders can use that suit the trading style of the trader later. Among them:
Double Bollinger Bands Strategy
This strategy only relies on changes in the formation of candlestick movements and the Bollinger Bands indicator which makes it easier for traders to analyze in a simple display.
The probability of success of this indicator is known to be quite high, but provided that the entry position is in accordance with the required conditions. To be more accurate, traders can combine it with price action analysis or patterns of candlestick movements.
1 Minute Scalping Strategy
This strategy is a popular scalping strategy and is relatively suitable for use among beginner traders. Even so, that does not mean this method does not require discipline and high concentration. This scalping strategy requires traders to devote a certain amount of time to trading, at least a few hours a day.
Bollinger Short Term Reversal Strategy
This strategy uses Bollinger Bands in a simple mechanical trading system for short-term transactions. In this simple strategy, the indicator works to find turning points in a trend. But keep in mind, there is no guarantee that this strategy will always provide a profit for the trader. Therefore, it is important to combine good risk and money management in accordance with the trader's capital strength.
London Breakout Strategy
Breakout is a forex trading strategy that relies on a price breakout from a key level as an entry trigger. This strategy is more influenced by fundamental factors than technical. In fact, many traders often look for breakout trading opportunities at certain times, especially when the market is bustling with forex news.
Camarilla Pivot Strategy
As the name implies, Camarilla Pivot is a derivative of the pivot points strategy. This strategy is similar to pivot points, but tends to be more complete to use as a strategy. The basis of the technique used is bounce and breakout trading.
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