Hi guys,
With a lot of uncertainties on the Brexit, Italy and the recent Fed comments. Is this the best times to trade fr beginners like me. i have recently been caught out particularly when the Fed officials speak out. How can i stay ahead of the game?
There are no really good solutions to this.
Trade long-term so short-term volatile fluctuations in sentiment don’t stop you out but changes in sentiment can be reacted to before they cause too much damage.
Carefully size your position so that if your stop-loss is hit, you know it will be a small % loss only from your account.
Reduce position sizes on very volatile pairs or at volatile times - Brexit, NFPR’s, interest rate announcements, inflation reports. Might even be worth closing across the news event and then getting back in later.
Beware of taking multiple parallel positions on the same currency - e.g. shorting GBP against 6 other currencies is one massive GBP short.
Beware of counter-trend trades and of counter-tendency trades, e.g. be cautious if you think you should short a rising GBP pair, or short a falling GBP pair when all the other GBP pairs are rising.
I’ve got to throw in my own personal bias, I couldn’t resist - avoid short-term trading at all times. As 90% of people new to trading will lose their capital within months, you have to do something different to the 90% to put yourself in the 10%. Most of the 90% will think trading means daytrading. Most of the 90% will also think making a profit means beating the market and beating the market means buying a falling chart or shorting a rising one.
We can stay in the game but almost impossible to stay ahead. Unfortunately, unscheduled news do happen and there’s no way to avoid that. If you hold a full time job and trade on the side like me, then the best time to trade is when you have the time! 
If you are not confident enough; then you can observe the market in your demo.
I personally think there is no specific answer to your question. There is no bad time for a forex trader, what is bad for a new trader may not be bad for an expert. For this reason, I think that it will depend on your trading strategies.
True cause it can get quite choppy!!!
You either use a stop loss or you don’t trade it at all.
GBP can go any way within a moments notice, one person just has to say something or do something.
Do I feel the need to trade highly volatile pairs with something like Brexit going on. No.
Are there other calmer pairs that I can trade and still put food on the table. Yes.
And that is exactly what I did today, close to 3k today, no need to get greedy.
It’s getting rather silly that in each of your posts you have to print a screen shot of your apparent trades? What are you trying to prove - apart from the obvious?
No worries bro - keep it up big dog
Yeah that’s right, you should be worried about the guys selling signals, selling courses, or posting pics of their Lamborghini’s, not seasoned traders that happen to be making money consistently.
The money is irrelevant, the point was there is enough money to be made trading other minor pairs, but everyone seems to want to trade GBP and blow their account.
If you’re a complete noob, stay away from GBP.
You can consider using ATR to manage this. Set some rules like if ATR > 100 pips, then no trade.
to trade live - no
great time to be watching and learning
make sure you follow a credible news source
It is Never a good time to trade for Newbies - and Always a good time to trade “Demos”
JFDI !! 
Hello Jackbango,
One of the best ways to stay ahead of the game when trading the Forex market is to definitely check and review an economic events/news calendar on a regular basis. Preferably, daily if not on a weekly basis.
proper money management . get it right and you are have already won half the battle.
I am a margin call specialist . . had it 3 times. haha!
Ha ha ha! So sad mate; hope you’ll never face MC in your trading. Have a safe life.
