The minute trading strategy is a news trading strategy in the forex market to trade with the currency pair news. Every month, it comes from the currency market, the market-moving news announced interest rate decisions by the rates of the non-farm payroll employment.
When news comes out with these figures or numbers, the currency market is the answer if you want to trade the news, you may like to try this strategy. This strategy is specially designed for mt4 platforms like mt4 and mt5 and developed for Forex trading system.
TIMEFRAME:- the best time frame for this strategy is 1 minute but this strategy can be used for 5 minutes, 15 minutes, and 30 minutes.
Currency pairs: – this strategy is applicable for all the currency pairs but the most important currency pairs that are used with this strategy are EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, and USD/CHF.
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EXPLANATION: –
The forex minute news strategy is used to detect temporary market reversal trends. These reversal trends allow the users to get a good trade entry in the forex market. This strategy notices all the changings that happen in the market in a few minutes after your trade entry.
It also tells about the increase and the decrease in the price action of the market trend. this strategy also tells about the buy and sell signals on the indicator chart. It also has some specific rules for buy and sells signals that are mentioned below: –
BUY TRADING RULES: –
Following are the rules for buy signals: –
- First of all, you have to download this strategy on the Meta trader platforms, after complete setup you have to choose the timeframe 1 minute for the trading strategy.
- For buy setup, you have to set a good currency pair that helps you to get a healthy profit, after that you can see that the candlestick pattern is rising and making new high and low trends. You have to place a buy entry when the market price is reversing low to high.
- You can buy signals when the previous candlestick pattern is high from the previous one and you can place the buy immediately.
- You can also set the stop loss strategy at the 15 pip of the indicator chart.
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SELL TRADING RULES: –
- First of all, you have to download this strategy on the Meta trader platforms, after complete setup you have to choose the timeframe 1 minute for the trading strategy.
- For sell setup, you have to set a good currency pair that helps you to get a healthy profit, after that you can see that the candlestick pattern is decreasing and making new high and low trends. You have to place a sell entry when the market price is reversing high to low.
- You can buy signals when the previous candlestick pattern is low from the previous one and you can place the sell immediately.
- You can also set the take profit strategy at the 45 pip of the indicator chart.
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The minute forex trading strategy has many uses because it is a new and unique strategy. It is an advanced strategy for beginners and short term traders.
It helps the traders to choose the small timeframe and get high profits in these short timeframes. It can determine the new signals and reverse market price signals.it is the best strategy for the short term traders.
