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Forex Trading 101: EUR/USD News-Based Trade

January 22, 2015

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Last update: July 2021

In this Forex Trading 101 video, Coach T looks at a potential news-based trade on major currency pair EUR/USD following the Euro ECB Report.


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2 Replies to “Forex Trading 101: EUR/USD News-Based Trade”

  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. Tim Justice says:

      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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