Hi, If I want to trade based on the news results, what should I do during and after the news release? Should I wait around 15 minutes? And then how do I know whether the result is good to buy or sell? Thanks.
I’d avoid trading the news altogether but I know you wont so I’ll give you a tip - in Forex they always say the first price is wrong.
By that I mean the first print after the news comes out - ignore it or better still anticipate it will go the other way
I have traded this way a few times after NFPs - its not my style really - but often I’d do it on Fridays when those numbers come out.
My advice is watch a few times what happens around big news announcements first though.
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The best thing to do after the news release, is to wait for some minutes, ie in bussiness the first first released prices are not always the exact prices, so one should not be attempted to hurry and purcahse an item that does not correspond with market price.