Do any of you have experience trading the news? How do you do it? Do you have any tips how this can be done?
1 Like
If you’re a beginner, it is advisable to avoid trading the news as slippage will be a factor you won’t be able to avoid… so even if you set a stop loss for 20pips for example, it could end up being executed at 50pips or even higher–>larger unexpected losses!
news trading is very much complicated issue above all for for the beginners level. in that time really difficult to predict the market with certainly.
This trading option turned out to be quite difficult for me. In my opinion, this also requires certain knowledge and skills, otherwise the result will not be the most positive.
trading during news of course is a complicated issue because in that time market movements very fast than others time and if you have not enough fundamental knowledge its more appropriate to leave , otherwise the result from trading could be dangerous.
when i trade during news , always try to follow Fx Factory economic calendar , its informative and supportive to bring profit with certainly in news trading. ( its my own opinion. )
Maybe try watching how the markets reacts on key events first, before actually trading the events, might guide you. Or on demo, do what you like.
News events, in my experience, mean different things to different traders. Expectation can me met just like the last release, but the market reacts in the opposite fashion.
Best bet is to follow along the market commentary and analysis beforehand, and then during, and after, to better understand how the news was perceived.
It’s tough!
It depends on what you mean when say “trading the news”, if you mean that you open deals according to the news, then of course. Every traders who is fond of medium/long-time trading always use fundamental analysis which somehow includes trading the news. It’s not quite difficult I guess, everything you hve to know here is that when you have to open a position and when you have to close it. Sometimes news might be confusing, you know, then it’s better not to trade at all. I believe that news trading much more easier than technical analysis an intraday trading for example. However, we can trade by news intraday of course.
I’ve been reading No Nonsense Forex since it was mentioned here a lot. Don’t trade the news, is the advice.
I would give you the link to the article, but I’m new.