A) I believe these are the most profitable types that can make money fast in short time:
Day trading
End of Day trading
Trend trading
News trading
What else?
B) Do I need to look at S/R of day, week, month for news trading at all? or news trading hasn’t to do anything with any kind of S/R level for any period and I don’t need to analysis the price chart either, other than what happening fundamentally in that period of time and I do analyzing news for understanding that its going up or down in specific minutes or max in an hour, I don’t need to look for anything else?
C) What do u look before opening a news trading position, what do u look( website or chart or what)?
Good day @campione. Keep in mind that if it can make you money fast in a short time, it can also lose you money fast in a short time. Regarding the news, I believe that S&R still does matter, as a news event could break these S&R levels. I would suggest you first understand how different economic news impacts the economy. and the economy it is compared to. Placing a trade based on economic news alone without analyzing the charts is a sure step to failure.
Before I open a position based on news, I first wait until the figures for that specific news piece has been announced, compare it to previous figures of the same news, review the charts, and place my trade from there. I use MyFXBook for real time economic news with alerts.
Always be careful when trading the news and make sure you place decent SL.