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Posts by forex_trader_227706
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The reason that new traders fail that doesn't involve psychology
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New Traders
May 28, 2015 at 14:41
Back to the topic on hand: Fundamentals...If you have a decent service that can spit news at you, and you have had enough experience to digest that news and place a trade on it 9/10 times you will be profitable. The key to fundamentals is make sure the event will be high impact and have enough momentum to swing the market. Interest rates, GDP, employment, and NFP are all great examples.Use a moderately high lot size, with SL placed above nearest resistance (Technicals play a part).Then over time you will see a pattern on how the market reacts to news, set a pip target, and exit every time on y...
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