Technicals, specifically price action, is all I use and it’s working just fine.
When you trade fundamental news you need a live news feed like Metastock Xenith. If the news is better than predicted buy, worse than predicted, sell. But… the Central Banks need to be driving the market, not geopolitical like Covid19.
By ignore, do you mean you would keep an open position on a USD pair when you know the NFP is due to get announced?
Or would you close the position and wait for announcement to be made and volatility to die down again before getting involved in more trading?
Unsure as to wether by saying ignore you mean completely not even taking a notice the announcements are coming up or that you ignore the market whilst these announcements happen and do not look for potential trades
By ignore, I mean completely ignore. I pay as much attention to it as I do to the migration patterns of geese in winter. 
Haha fair enough but I mean why ignore it?
Placing a trade and then an announcement happens only to stop that trade out to take a loss when you could have avoided it by just knowing about that particular announcement in the first place?
See my post here …
Makes a lot of sense if you have done that research into it, thanks for forwarding it over fully understand your logic behind it now 
Decrease lot size and widen stop losses, it’s a recipe for passing market storm caused by high-impact news. Learning how to trade pullbacks after news, using correct lot size, stop loss to maximise profits is a good way to find your edge.
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That’s a really good suggestion. Will surely use that.
Fundamental analysis is important at the time major economic news release markets become very volatile, so if you have done good fundamental analysis you will be able to place your trade carefully.
Most of my forex trades have been based off D1 charts, primarily trend-following. On this scale, its not common for fundamental announcements or news to have a major negative impact on my positions.
I don’t quantify these things, but it could be the reverse - fundamental events that move prices are generally positive. As they say, bad news comes out of downtrends while good news comes out of uptrends.
As for me, I tried trading the economic calendar, but I didn’t do well with it. I’d wait for different reports (besides NFP) and I didn’t see any action.
So, now I just watch for major news. I subscribe to several networks on my phone and I keep an eye on headlines.
For example, when the Prime Minister of Japan quit, USD/JPY went down. So, I closed my long position and went short. Fortunately, I wake up early and got a decent entry.
But, when Trump got COVID the market didn’t react, as far as I saw.
Regardless, I keep watch on the news.
Econcomic Calender can be useful for the major events, to be honest, but other than that, you can always check on other sources like major news, articles, etc.
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Yes, keeping the risk to a minimum is the best way to go about it.
There is no need to panic when some big news releases. You still need to stick to your trading plan.
The biggest part of traders should be acquiainted with fundamental analysis I think. This analysis uses the economic conditions to predict the future price of a currency pair/maybe stocks. So, fundamental traders use events such as growth rate, interest rate, unemployement as indicators to predict future price movements. News plays a big role here because it’s a kind of source for stated above indicators. You can analyze the price movement due to news, because in news we can find an information about employment data (employment change for example), economic data (GDP, CPI), and we have to watch for policymakers and speakers (trump’s speech for example). These factors influence the market thus you are able to foresse what will be happening with currencies, stocks’ prices and so on.
Fundamental trading is a strategy of determining which stock to buy and when to buy it by focusing on company-specific events. Fundamental trading, as opposed to short-term trading, is more closely associated with a buy-and-hold strategy. There’s no reason to be worried when major news breaks. You must continue to follow your trading strategy.
What were the most dramatic negative news issues to impact the financial markets in the last 20 years?
9/11 would be one, the Swiss National Bank unpegging the CHF against the EUR in 2015 would be another. In stock market terms, these severely bad news items emerged into downtrends. At both points in time, no traders should have been long against the trend.
Well, your tip is probably worth trying, but this tactics doesn’t really eliminate the risk to the full.
Like you said it yourself that there are the chances of occasional fluctuations are still high. THere can be the situation when the stop loss closes the deal and the price keeps on going to the same direction after a moment. So, the thing I’d like to say is that there are always certain risks on the markets and they increase during the periods of high volatility which was brought about by the fundamental factors.
Fundamental analysis can give lots of insights on trading, however, it can alos confused a trader especially if he doesn’t know how to use it in the most efficient way.
Fundamental analysis is quite a disoutable thing in forex. I for one, find it extremely hard to implement in forex market as there are so many sorts of news which cam influence the market this or that way. I do really think that a trader should be an experienced professional in analysing the news if he wants to base his trading decisions on the factors which are outside the charts. That is why, I feel that it is better to wait till the time when the market goes back to the normal situation when it is not affeced by some strong news as the news bring about volatility which is rather hard to predict. If you are a follower of technical analysis, stay away from the periods of high volatility if you don’t know what it stands for.
I think that the first step for a trader to learn fundamental analysis is trading NFP. Perhaps, that is one of the most predictable fundamental thing as it happens regularly and there is lots of different kinds of resources which are aimed at clarifying the essense of this event and its analysis. I try to learn this matter because of the fact that I know that it is possible to earn quite a lot of pips within relatively short period of time.