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Time Management
Mohammadi

Member Since Aug 11, 2017  287 posts Mohammadi May 26 at 10:43
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.

TiffanyK

Member Since Feb 12, 2016  407 posts Tiffany (TiffanyK) Jul 12 at 14:37
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
Downtobusines

Member Since Jun 28, 2018  7 posts Downtobusines Jul 13 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

Straycat

Member Since May 15, 2018  12 posts Straycat Jul 13 at 09:36
Just keep out of the big ones like NFP and interest rates

TiffanyK

Member Since Feb 12, 2016  407 posts Tiffany (TiffanyK) Jul 19 at 14:51
Straycat posted:
Just keep out of the big ones like NFP and interest rates

Right. You got the point

Accept the loss as experience
Skater

Member Since Jan 03, 2018  12 posts Skater Jul 20 at 06:32
What about GDP? Sometimes that has big movements but othertimes nothing

Cappucinotrader

Member Since Jul 24, 2018  7 posts Cappucinotrader Jul 24 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

Danish54

Member Since Aug 10, 2018  5 posts Danish54 Aug 16 at 14:08
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.

Back4Good

Member Since Dec 06, 2017  21 posts Back4Good Aug 17 at 07:41
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

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