The forex market is a high leverage market and every single day more than 5.3 trillion USD is traded. In the past, only the large banks and institutions had the access to trade the financial instrument in the world but due to the recent technological advancement retrial trader like us can easily execute high-quality trades by using the robust trading platform like SaxoTraderGo. Most of the professional traders in the Singapore are trading with the high esteemed broker like Saxo since they know in order to secure the high-quality trades in the market they need a robust trading platform.
During the event of the high impact news release in the market, the price movement of the financial assets become extremely volatile and it becomes extremely difficult to trade at that market conditions. However, the professional experts always take the advantage of this high volatile market conditions and make a decent profit.in this article, we will discuss how to execute quality trades in the market during the extreme level of market volatility.
Fundamental analysis: Fundamental analysis is often known as the study of the economic performance of a certain country or financial instrument. If you truly want to trade the news release in the market then it’s highly imperative that you know how to trade the high volatile market conditions. However, if you are relatively new in forex trading then you should use demo trading account to learn the market basics first or else you will be losing real money in the market. The novice traders in the financial market lose huge amount of money since they ignore the power of fundamental factors in the market. In the eyes of trained professional fundamental analysis is often considered to be the most powerful price driving catalyst in the forex market. So make sure that you learn it properly to execute high-quality trades during the extreme level of market volatility.
Learn the reliable candlestick pattern: Price action trading strategy is one of the most reliable and profitable trading strategies in the world and the experts use the highly reliable candlestick pattern to trade the key support and resistance level in the market. If you are relatively new in forex trading then you should learn the basic candlestick pattern in the forex market and trade them in your demo trading account. Once you feel comfortable by trading the reliable candlestick pattern in your demo account, you should go for live trading in the market.
Develop a solid trading strategy: Most of the novice traders in the financial market fails to achieve success in forex trading since they don’t have a perfect trading strategy. If you look at the forex expert then you will notice that every single one of them has developed their own trading strategy in the market and back tested its performance by using demo trading account. However, in order to develop your own trading strategy in the market, you must have a clear understanding of the forex market. When you develop your own trading system to trade the volatile market make sure that you incorporate perfect risk management factors with your system.
Summary: Trading the high impact news release is one of the most complex tasks in the financial market. If you look at the professional trader then you will notice that every single one of them is executing high-quality trades by using price action confirmation signals. But when you trade the high impact news release in the market, always make sure to follow proper risk management factors to reduce the risk exposure in trading.