time management is really important to make sure a secure and comfortable trading life with certainly, we the traders should choose our time according to our trading understanding , as a newcomer due to lack of fundamental knowledge i always avoid news trading , even though it is very much profitable sometimes.
That's wise enough, good that you are aware of it. What are the factors you consider most when you are trading ? Did you already set your strategy ?
Accept the loss as experience
Jul 13 2018 at 07:35
News trading is a specialist art. But it can be difficult to know which ones to avoid there seems to be news all day every day
Just keep out of the big ones like NFP and interest rates
Straycat posted:
Just keep out of the big ones like NFP and interest rates
Right. You got the point
Accept the loss as experience
What about GDP? Sometimes that has big movements but othertimes nothing
Jul 24 2018 at 12:03
There can be many different GDP announcements for the same currency e.g. estimated, adjusted, confirmed etc. The movement with GDP (and other news) mainly depends on whether the actual value is significantly different to the expected value
Downtobusines posted:
News trading is a specialist art. But it can be difficult to know which ones to avoid there seems to be news all day every day
I agree with you it is difficult to know that which news should be avoided as it happens sometimes that an important news release also don't have significant impact on a specific currency pairs.
If you are trading the news then just need to wait and check all news. Wait for one that has a bit jump in price and then hop-on the move
