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If the beginner practiced in demo account than they can trade with their own trading ideas . I think it is very important to follow own trading rules . It is very helpful to get profit from Forex The best for the beginners is to go for demo trasding. learn how and where to get entry, how to manage the position by using stop loss and take profit. Prce action is also important for you to learn.Quote:
Originally Posted by Anytime
News trading is that not safe because you never know how the news will come out, i always recommend the use of indicators to trade, news should only be be used to support our decisions.
trading news release is one of the most profitable ways of trading in the Forex market as it enables you to make quite a huge amount of money between a very short period of time, though there are techniques that should be apply to trade news effectively.
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G maera nahi khyal k news trading best hoti ha.ye humry profit ko loss main badalti ha.main isi liye news trading nahi karti kyu k news har time badalti rhti hain.isin liye mjhy in y trust nahi is main profit k chances kam or loss k ziada hoty hain mary khyal sy to aisa hi ha.
yes, you're absolutely right, a beginner ought to avoid trading throughout a news unleash as a result of he could not feature a clear plan as to the effects associated with a news thus he will be able to open positions utilizing a wrong direction that may cause him a large loss.Quote:
Originally Posted by nikhil
A news trader in forex should be the most careful forex exchange trader in this business. I say this because of the fact that in forex trading, news can bring very high volatility and then lead a trader to losses.
Forex trade market movement all time not same some time movement so high more some time movement so low so we need to take any entry to see forex news because forex market movement depend in forex news so every trader should see forex news.
when there is high impact news appearing so usually it will bring price to trending condition and if we can make good analysis so we can get many dollars in short-time.Thanks
News trading is high risk high reward kind of thing in the forex market and know one knows where the price will spike in a news event so it is better advise to keep yourself out during a news release...