Following this Forex news trading step by step guide, you’ll be able to achieve consistent profits in the long run. As we mentioned previously, we’ve developed a simple news trading strategy that follows a three step process: First of all you need to decide which Forex news events to trade. Which currency you’re going to trade on that particular Forex news event. Establish in which direction that currency is going to move. You also have to answer another important question whether you’re going to enter before that news event is released or after. This question is related to the last point of our news trading strategy three step process. If we’ve established a firm bias on how the currency will react to the Forex news event than we’re going to get in before the news comes out because we already know which way the price is going to move. However, if we can’t establish a clear bias, depending on how the market reacts we might or might not get an entry price. This might sound too good to be true, but moving forward, we’re going to show you evidence that it’s possible to successfully trade the news.