Did you know that you can easily make hundreds of dollars in 5 or 10 minutes in the foreign exchange? Well, you can, and there are people that do it every single week.
Before I go any further, I do need to give a disclaimer - if you can make hundreds of dollars in 5 or 10 minutes, you can bet your boots that you can lose that much money just as fast. Don't trade the news with real money until you know exactly what you are doing!
So now let's get down to trading some news.
Just about every day, countries release important economic reports. These reports summarize certain aspects of the country's economy. The forex market reacts very, very strongly to many of these reports. In fact, the markets can move 100, 200 or even 300 pips in less than half an hour.
Now naturally, if you are on the right side of this trade, you can make hundreds of dollars quickly.
So which currencies should you be looking to trade? Mainly the U.S. Dollar (USD), the Euro (EUR), the British Pound (GBP), and maybe the Japanese Yen (JPY). These are the countries that affect the world economies the most, and so their reports will more drastically move the forex markets.
These news releases occur several times a week. In the United States, this information is released usually from 8:30 AM to 10:30 Eastern time. European reports are released in the early morning hours in the United Statues (about 3AM which is morning in Europe).
You can find out days in advance when these reports will be released. Just search for 'forex economic calendar' on Google, and you will quickly find exactly what you are looking for.
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Article Source: http://EzineArticles.com/?expert=Christopher_M._Hall
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