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Trading on news releases can be a profitable strategy, but it requires careful planning and execution.

Here are some strategies and tips to consider when trading on news releases:

1. Research the news release: Before trading on a news release, make sure you understand what it means for the market. Read up on the announcement, consider how it may affect the stock or currency, and analyze the potential impact on the industry and economy.
2. Choose your asset: Depending on the news release, some assets may be more affected than others. For example, a positive jobs report may boost stocks but have little effect on the currency. Consider which asset is most likely to move and focus your attention there.
3. Identify key levels: Use technical analysis to identify key support and resistance levels. These levels can help you identify potential entry and exit points, as well as provide a sense of market sentiment.
4. Use stop-loss orders: News releases can create volatile market conditions. Use stop-loss orders to help manage risk and limit potential losses.
5. Be patient: Wait for the market to settle down before entering a trade. Don’t rush in immediately after a news release. Wait for the initial market reaction to subside and for the asset to establish a trend.
6. Consider trading in the direction of the trend: Look for trends that are established before the news release and consider trading in the direction of the trend. This can help you avoid getting caught in sudden market reversals.
7. Be mindful of the timing: News releases are often scheduled at specific times. Make sure you’re aware of the timing and plan accordingly. Consider the time zone, as well as any other events that may be affecting the market.
8. Practice with a demo account: Before risking real money, practice trading on news releases with a demo account. This can help you develop your strategy and get a sense of how the market reacts to different news events.

Overall, trading news releases requires careful planning and execution. By following these strategies and tips, you can increase your chances of success and manage your risk effectively.