Many forex traders rely on technical analysis to trade the markets, but you can make equally impressive profits by trading the regular news releases and sticking to the fundamentals that ultimately move the forex markets.
These economic data releases, particularly the more important ones like interest rate statements and non-farm payroll data, will often move the major currency pairs quite signifcantly, particularly the dollar pairs.
This creates an opportunity for the news trader because they will often either go with the immediate trend and the momentum that is generated after an announcement or they will take an opposite view and look to take a position based on the price over-reacting to a particular announcement.
For information about forex news trading I recommend checking out a new trading course that's recently come onto the market called News Profiteer. This is an excellent course and is the best course I've come across that deals entirely with trading the news. Click here to read a full News Profiteer review.
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