Forex Straddle Trades
In FOREX, the straddle trade is a simple yet popular strategy that can be applied in different scenarios from news to the weekend. I found a few videos that explain the strategies in different ways.
This first one is called the power straddle which is used to straddle the news.
This next video is for weekend straddle trades. This is one my brother loves to use on the GBP/JPY.
There is a lot of risk in a straddle trade because of widening spreads so be sure to practice for a while before you take the trade live. When you do start live only trade the smalls lot available a few times before you increase your lot size to match your money management.
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