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We all know when it’s come to forex trading we have two type of trading strategy,the fundamental trading which is known as news and technical trading,so do you trade fundamental trading ?and how often?
I don’t trade fundamentals (news) often because it's too unpredictable and requires being glued to the screen during major announcements. I’ve tried it a few times during events but the spreads widen and slippage can ruin good setups. I prefer using technicals for consistency, and if I do trade newsRead more
I don’t trade fundamentals (news) often because it’s too unpredictable and requires being glued to the screen during major announcements. I’ve tried it a few times during events but the spreads widen and slippage can ruin good setups. I prefer using technicals for consistency, and if I do trade news, it’s usually after the dust settles not during the spike. Over time, I’ve learned that reacting to news with a plan is better than trying to predict it.
See lessNews trading sometimes I see it as been tasking because it's not certain at all,if you are trading the news you don't have to risk too much margin for that. It's risky because you stand a great chance to loss,once the news is been released if you are not careful if the market should go bull or beariRead more
News trading sometimes I see it as been tasking because it’s not certain at all,if you are trading the news you don’t have to risk too much margin for that.
It’s risky because you stand a great chance to loss,once the news is been released if you are not careful if the market should go bull or bearish don’t placed your order otherwise you will be having fails trade .
Ensure you set stop loss and take profit very tight as it’s going to help you exit any loss trade that come in excess
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