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This market is news based market here any time news can publish for this reason care is very necessary during trade, one day i gave a order but i did not know about the market news, suddenly us unemployment report had been published and i did loss 200 dollar within 2 min.
I have seen various time how news can take market away from you with in few minutes
I still remember once i lost 120$ in 1 deal just because of NFP reprt.
I think the news is affecting the market is nfp, because its influence is so great and the price can move hundreds of pips
News play an important rule in market because it reflects into trading. So I'm still trying to take advantage of news in the trade but still not proficient and frequent loss. There are some news that have impact on the market like NFP, Interest rate decision, Unemployment rate etc. By analyzing all the information a trader should trade and keep enough knowledge about that. So keep watching about the news then any trader should make decision. Good Luck.
I have to share comes with a couple of tips. First, I have found that news that involves the U.S. dollar usually has the biggest impact on the market as a whole. I am sure most traders are already aware of this, but with very few exceptions they tend to be the most closely watched by the greatest number of participants. Each month there are some ï'hotï' news announcements, one of which is the unemployment report, which is released on the first Friday of each month. The trick with this, however, is that the largest moves are usually made when the numbers miss or beat expectations.
sir mere andaze se agar koi be trader news ko read kar ke trading kare to usko market trend ka andaza lagane me koi be dushwari paish nahi atiQuote:
Originally Posted by mayengbam
news trading only affect long and intraday traders !dont worry if you are a scalper like me ! then everything is alright between you and the market!
News trading is one of the best trading strategies we have in the forex business that is the only to beat this unbeaten giant that never falls.
Every trader knows that news and releases have impact on the forex market. There are some news that have impact on the market like NFP, Interest rate decision etc. I'm still trying to take advantage of news in the trade but still not proficient and frequent loss. I think the news is affecting the market is nfp, because its influence is so great and the price can move frequently. Bye.
i am just ten months older in forex but have not got so much lost due to news in my trading career and also i hope that this type of big loss does not happen with me..also i do not trade when a high impact news come out related to euro,england and usa..so it will help me..thanks..
the traders that are new to the trading business must keep one thing in their minds that they have yo be the best in the trading and f they do not learn the trading first then they may loose
---------- Post added at 08:32 PM ---------- Previous post was at 08:04 PM ----------
there are many examples of the news in the trading specially today as there were two negative news on the loony and the usd rose against the loony and touched the r2 line