How can one trade the forex market and most importantly trade the news in the forex market? -

You have to open a forex acct; FXCM or FXDD or other. Or you can trade the Forex Futures by opening a futures acct. We used to be able to place a buy stop on the upside, 20 or 30 pips away from the current price before the news, and place a simultaneous sell stop 30 pips on the downside (essentially a straddle on the current price before the news), and just wait for one of the stops to get hit and cancel the other. I lived off of those profits for more than a year. But they put a stop to that about a year ago and started running the stops in both directions just before the news announcement. Now you have to wait a minute or two and see where the initial thrust pauses. On the reversal, if there is one, a 50% retracement is a trade signal, and a move beyond the initial thrust is a trade signal. You may want to give the GBP 60% retracement. So it can still be done, but there s no way to take advantage of the initial thrust from the news w/o guessing beforehand. In order to play it safe, you have to wait about 5 min for the dust to settle after the news, and just jump on the new trend. Trade news is very riskier broker can increase the spread drastically I prefer scalping the market taking 10 pips per day add me at Yahoo messenger we can chat more about strategy You can open an free Marketiva forex \gold\fund\indexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account. http://www-forex.spaces.live.com I m not sure what you mean. You can buy and sell currencies. better have a look at this site. you can have a free ebook for you to study and if you register with them you can have a personal account manager and live one-on-one help to answer your queries. good luck. Before trading the news you need to review the brokers policy you plan on using to trade the news, their policies can lock you out ahead of the news, widen the spreads to very wide around news and you can get bad executions and slippage and they are completely covered by their policies and guess who gets the shaft, you do mr rookie!! You can blame the brokers but its not their fault either. I realize you wont do either of these but trading the trends instread of the news is alot better way to do it. I realize you may not do this either but straddling news with puts and calls on the forex is a much better way, your risk and reward is defined upfront. good trading mark mc donnell www.forexearlywarning.com