Newbies should not do news trading. It's very risky. Sometimes you may win 1/2 news trades. But other time you may get margin call. For news trading, one needs good fundamental analysis skills.
Jun 17 at 00:31
I never trade before the news is published. Because at this time the market is very volatile. So I like to trade with news effects.
Jun 18 at 07:05
Once thing is very important to consider while trading on news. its normal for spreads to widen during news releases. A trader should always be careful of spreads when news is released
The more your practice, the more you learn.
I agree that news plays important part in forex trading but completely trade on sentiments of the news is not good I think. As a trader you should know that when to trade and when to not by carefully looking for buy and sell points on charts.
Trading on the basis of any news announcement is generally not a good idea. Spreads go crazy, jumping up to as much as 20 pips. Just be aware of what is happening but instead of refreshing your newsfeed all day, look for patterns and real strategies.
Jun 22 at 06:12
You open two accounts. Set pending orders on each of them. You wait for the news to come in. On one account a loss, on another profit. The main thing is to correctly calculate the lot size. The lot size should be such that the account would be closed for a margin call in about 15 points.
Jun 22 at 10:25
zvr564 posted:
Trading on the basis of any news announcement is generally not a good idea. Spreads go crazy, jumping up to as much as 20 pips. Just be aware of what is happening but instead of refreshing your newsfeed all day, look for patterns and real strategies.
Agreed. I would suggest to use fundamental and technical analysis to pick on the trading strategy
Jun 22 at 10:53
fundamental for long term trend and technical for entry point
Jun 22 at 11:43
Fundamental trading is not just trading during the news.
This is a thorough analysis of political and economic factors and assessment of their dynamics to predict the possible impact on prices. Trading during the news is news trading and is often hard to predict.
This is a thorough analysis of political and economic factors and assessment of their dynamics to predict the possible impact on prices. Trading during the news is news trading and is often hard to predict.
LUX system trade
