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VIDEO Lesson: How To Trade Forex Around News Releases
Boost your chances of winning with Elliott wave analysis.

By Vadim Pokhlebkin
Tue, 29 Jul 2008 11:30:00 ET
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Currency trading around the time of a major economic news release can be treacherous. Besides tremendous volatility that can easily “shake you out” of your position, if you’ve been trading forex long enough, you’ve also seen plenty of occasions when markets do the opposite of what the news suggests they “should.”
 
What can help you at moments like that is the knowledge of Elliott wave patterns. If you’ve correctly identified them before the news release, you have much better chances of winning. 


Need a Forex Forecast? Get professional-grade 24-hour updates for all major pairs now, inside EWI’s Currency Specialty Service.

Watch Jim Martens, Elliott Wave International’s Senior Currency Strategist, explain how he used Elliott wave analysis to forecast the action in the euro vs. the U.S. dolalr (EURUSD) on June 25 – the day of the latest Federal Reserve interest rate announcement, a major economic news event. Jim recorded this 8-minute video for his Currency Specialty Service subscribers on July 3.

 
Note: Free Club EWI membership required to watch this video.
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To keep watching videos
like this one, subscribe to Jim Martens’ Currency Specialty Service. You get around-the-clock forex forecasts for EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, EURCHF, EURJPY and EURGBP -- plus regular video lessons.

Tags: currency trading, trading forex, Federal Reserve interest rate, forex forecasts, eurusd

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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.