UweMoench posted: News trading seems exciting. But it is not easy to predict the move. It happens so quick. Novice traders do news trading due to the fear of missing a movement.
I would not recommend trading during the release if you do not have a clear trading plan, risk plan and analytics of those factors that can affect the release result. It is not easy, but everything that is done professionally is not easy.
UweMoench posted: @MarcellusLux Yes you are right. News trading is not someting that can be recommended. It requires good understanding of the fundamental of both the both currency in a pair.
Thanks Understanding of fundamental trading and understanding of the events that will and do occur, their impact on traders and their psychology. The risk strategy is also very important, which will protect against losses during the release.
I like trading during big events because there are so many experts express their opinions concerning the financial outcomes, so, you can read, analyse different opinions and create your own. Such events kinda make the traders closer to each other and creatr a feeling of community.
News trading seems to me pretty specifically, because I can't understand how to trade on news. Well, of course I have general idea of how to do it, but I can't understand how to conduct analysis due to news. I prefer short tiem trading and scalping and day trading, that's why technical analysis seems to me more attractive than fundamental one. No doub,ts that there are some traders who can claim that they can't understand technical analysis, but they understand fundamental one, however I believe that everything on the market might be clarified only due to technical analysis. Actually, all traders decide by themselves which type of trading to choose.