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News trading

Discussion in 'Beginners Forum' started by Anderson, Jan 5, 2020.

  1. Anderson

    Anderson

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    If you are a day trader, it is better not to trade on big news release date. Suppose you open a trade and before news your position is in loss. You system says it will hit tp but due to news you can't hold the position because a spike in price can hit your SL. And if you are sure enough that you will be able to get out of the trade with profit before news, that's different.
     
    Dextor Mason likes this.
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  3. Dextor Mason

    Dextor Mason

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    thanks for sharing this news!
     
  4. Astirewien

    Astirewien

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    Yes, it's really better to wait out until the climate of trading will be really well for all the parameters out there so you can make some profits of it anyway, correct ? I also do support your decision on that matter, so be prepared for many things.
     
  5. Mark Dahl

    Mark Dahl

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    During important news release market see high volatility. Some like news trader use it as their advantage and some avoid this kind of situation.
     
  6. Kazumu Fukunaga

    Kazumu Fukunaga

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    News trading is very attractive and tempting but at the same time it's very dangerous. Many newbies are very much fond of news trading, though they can't make profit most of the time. It's better to stay away during big news events.
     
  7. Gito Dinev

    Gito Dinev

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    I think news trading is risker than other strategy. During news release, market become extremely volatility. One small mistake could cost big loss.
     
  8. Kevin Vogt

    Kevin Vogt

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    News trading is very tempting but for good for everyone. For news trading you need good knowledge on both technical and fundamental analysis. Otherwise most of the time you would lose money in news trading.