Best way to avoid the news is simply stop watching them completely all together anyway. Only select such ones which will be needed for your current today market trades and that's really it, so no more other news at all completely and totally. How do you see it ?
I do agree with this. Watching too much news and going behind economic calendars all the time, destructs your trading routine. Going too high on news takes away your objectivity and logic. You are just keen to mould your trading plans according to the news then, not taking any practical decisions based on your own trading knowledge, which can really prove dangerous as far as your trading returns are concerned.
I like to get heavily involved with the news. I follow every announcement and try to get a fundamental view of FX pairs and use that for my trading. It can be confusing at times when there is positive and negative news but that is what everyone else is seeing so it is a story in itself. No point ignoring news. Information is power and the more information the better
Aqissiaq posted: I like to get heavily involved with the news. I follow every announcement and try to get a fundamental view of FX pairs and use that for my trading. It can be confusing at times when there is positive and negative news but that is what everyone else is seeing so it is a story in itself. No point ignoring news. Information is power and the more information the better
Nice to see your interest on news trading! By the way, which one is your favorite news trading event?
Lots of good opinions on trading the news or not trading the news. Still looking for opinions or guidance, or 'conventional wisdom' on the length of time to shut down before and after scheduled 'High' impact news. i.e. 1 hour before and after, 2hrs before and after, etc. etc. I'm passively trading on an EA that has a 'News Filter' with time settings for before news and after news; as well as OFF. Just looking for thinking from you more experienced traders.
jtcnote posted: “ I always laugh at people who say “I’ve never met a rich technician” I love that! Its such an arrogant, nonsensical response. I used fundamentals for 9 years and got rich as a technician.
I know many successful traders who are doing their live trading only based on the technical I mean chart analysis!
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