correct sir, to trade at the time of the release of the news is very dangerous and is recommended for new traders do not dare to enter this trade because the price of a lot of fraud scams that could harm our balace
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News trading,, put pending orders just before the news release .. maybe 2 or 3 minutes before news release .. we would expect the shock effect of the news is going to happen .. Always use a high-impact news .. If you want to explore more, can take advantage of divergence news .. which moves opposite the price 30 minutes before the news, as a form of anticipation of the big traders who had leaked the news to know ..
It's not easy to trade with news but it's very possible to gain high numbers of pips in short time when you're trading in high
impact news. The movement of price could be so volatile when there is high impact news so it's good to trade when there is
high impact news but you must prepare good fundamental analysis to maximize profit if there is news.
Those who are very expert and have huge account balance can trade on news and i think they do. but for the new trader and those who have small account balance should avoid news trading. it can either give you a big profit or can blow up your account. so better not to trade than lose.
You could try it on demo account first to know the effectiveness of your current strategy and you could prepare good money
management so you won't lose more than you could afford to take when there is high impact news releasing because the price
has tendency to move in high range.
News is news based on the trade impact of the high price so I usually bring the state trend because many dollars as soon as we can, and if so you can analyze the movement will give you the chance to get many pips. Analyzes have been made worse if we lost we will not take too much so, but we need to use good risk management
When I begin trading I tried a lot of website offering technical analysis the first thing that goes wrong is that I am always got confused with different point of view and different scenario Then I decided to learn how to make my proper analysis. the most important thing is to have two plan A & B at an important level it means what I should do if price succeed or fail to reach a certain level.
many websites to monitor the news, but I am not an expert make fundamental analysis. to get a profit, you must be disciplined. I am an aggressive trader, sometimes I overtrade, so I am breaking money management rule, for the future, I want to be more patient