How to read economic news when there are 4 different high impact news releases in the US dollar at the same time?
Most traders read and interpret the news, trying to figure out which direction the market will go. Yet majority still ended up losing money!
Indeed, one doesn’t have to read the news to become a Winner, the closing prices will tell you where the market is heading to!
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When this is the case, you are better off staying away from the market that day. Best trades are one high impact news with clear direction.
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The old rule is that good news comes mostly out of uptrends, bad news mostly out of downtrends. The reason for this is that the biggest players have more information, the best analysts and the most money. If they are selling the market lower, its because they think the upcoming news releases will be bad news.
Private retail traders over-emphasise the danger of being caught long when bad news comes out. In reality, if they were already long in a downtrend, it wasn’t the news that did the damage…
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