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Chapter 25, Part I. Dealing with the News. Page 3

Discussion in 'Complete Trading Education- Forex Military School' started by Sive Morten, Dec 26, 2013.

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  1. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Commander in Pips: Nope. On Forex there is no such specific news as on stock market. All news on Forex are public and there are only two things that you can do better than the others – to know news for some seconds earlier that the others by using proper news software (although it’s not cheap and not always as useful as has been suggested) and react to news correctly.

    Still there is great advantage on Forex – if you know something ahead of other participants – you will not go to jail for that. Second, without news, market hardly will go in any direction, that’s why all participants depend from news, and yes, they are really important.

    Pipruit: And why we should deal with all that releases at all? May be it’s better to skip them, and act after they will be released using pure technical analysis?​


    Commander in Pips: Well, you’re not too far from the truth – many traders act as you’ve said. Partially, because they do not want to be hurt by possible Doom and Gloom and volatility spike during release and partially because news hardly will impact on their positions. Second ones are mostly long-term traders who hold far stop orders and hold positions for a long time, so, that any particular news release hardly will have an impact their positions.

    But still, I can give you just simple answer on your question. And what if such approach to trading as “news trading” is mostly suitable personally for you. What if particular this way will allow you to make most part of your profit on constant basis, ah? Besides, news trading has more math analysis than any other approach to trading that makes it more definite and predictable. And finally, you may just make some money trading the news…
     
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