Possible Strategy and plan to trade with a $1000 account

You should avoid trading news since the price movement direction is absolutely unpredictable on small timeframes

Am trying to fully grasp what you are saying. I agree with you in a way though.
But if I may ask… Lets say the market price of EUR/USD is at 1.18370 when the time was may be 14:28 pm(GMT) and there is a news to be released by 14:30pm(GMT). And you put a pending order of BUY STOP at 1.18500 and a SELL STOP at 1.18200.
Now to me which ever direction the price goes when the news is released I think you can get something.
What do you say?

With more complex releases, it is quite frequent that the price will go in both directions in the initial minutes after the release as the various participants digest the information (and any amendments to previous release data).
There is always a risk that you get hit on both

1 Like