well of course for me i think it is good to trade after doing fundamental analysis and i think the strategy you are using is also perfect. I like your planning to open a buying order and also a selling order after getting the news and making analysis of it.
Sure, This is correct and proper trade, Trading using fundamental analysis is the best way and best strategy that we use while trading, And that setting buy stop and sell stop orders at the same time is a good idea but needs to experienced trader to control the orders in market.
yes my dear it is obvious that fundamentals are very important in this forex trading. maybe if you use a trading strategy to exploit the news, we can put pending order before the news came. fundamental change will be the market price and volume are aggressive.
yes my dear I actually consider that fundamental analysis is very important in Forex trading because fundamental analysis is necessary to know the basic analysis of trading and applying sell stop and buy stop at same time is good strategy. and by fundamental analysis we can also earn more profit.
I put a buy stop and sell stop at above and below the current price. I do this because usually when the release of important news graph will move faster. So one of the pending orders that we put will be touched by the price and will get a profit in a short time...and this method is very effective. But, you need to take, do not put buy stop and sell stop is too close to current prices. Because, if two position touched, you get locking
If you have to trade with proper fundamentals then you must have to look for the news from the currency that you have to trade so that you can easily place the trade in the proper direction and place stop loss for your trade always.
actually what you lakukakan was traded very good, you're better than we traded while kai still do not know the fundamental news is released while trading and the time when it will happen we do not know so this input is also for us to trade in the future, thank friends.
That is if you are very sure where the break will start from. Since you are not too sure where the break will start from that is why i said that having an understanding of both technical and the fundamental analysis is the best way to trade forex. Don't just rely on only fundamental .
mjhe yhi lagta hai ki har trade ke starting me hum sbko tay kr lena chiye ki hume kitna profit lena hai or kitna hum loss apne upr le skte hai, agr aisa nhi krte ho greedyness aajati hai or profitable trade bhi loss me convert ho jati hai, me yhi suggest krunga ki stop loss or take profit trade ke starting time me hi use kr di jayei.
yes my dear I actually consider that this is called straddle strategy, it is traded mostly during the big news time or when the price is trading in a very close range, than you could trade this kind of strategy putting a buy stop and a sell stop at the both sides.