News trading is nothing but gambling. Out of assumptions many traders specially new traders open trade during major major news event. Many people blow their account this time.
Please take a look around, and feel free to .
Yes I agree with you. Newbie should not trade on big news event. Most newbies blow their account during big news events.News trading is gambling for those who have no idea how to trade the news only. Just like many people think of forex as gambling because they know nothing about it.
Entry and exit of a trade is the most common problem. If you think you can predict the direction, you should test your strategy in demo regarding your stop loss. Check what works the best. No one can give you exact suggestion. By trail and error you have to solve it out.I partly agree with you here. It is possible to trade on news theoretically, but it is essential to be able to analyse the markets in order to learn entry/exit points. Actually, news can be very useful in addition to TA.
News trading is a type of trading that will give you quick return compared to other types of trading. It takes comparatively less time than other types of trading.