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FOREX 101 – News Based Trade EUR/USD

January 22, 2015


Coach T looks at the EUR/USD this morning in another edition of FOREX 101.

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2 Replies to “FOREX 101 – News Based Trade EUR/USD”

  1. Jonathan says:

    This is Jonathan Wiley, I have realized over the last year that trading futures is something I am very attracted to and have become much more consistent and love news based trading. How do I get farther faster in trading forex? and Would you use a sell stop/buy stop to get in on the break of the outside bar on this trade or maybe a trend line break? or something else. Thanks for the video’s

    1. Hi Jonathan,

      One of the 1st things I’d recommend is to build a small watch list of the major cross pairs that you are going to trade. The more comfortable you become with your watch list the better you’ll trade. Things crossed with the USD, EUR, GBP, JPY, AUD, NZD, CAD, CHF is a nice place to start.

      Then, reading the calendar is a big thing. Make sure you check the economic calendar for when you’ll be trading – and of course watch the Forex Report every Monday.

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