How to trade the FPA's Forex Daily Trading Signals - Page 3

Pharaoh · (#21 (**permalink**))

Hi KKurt!

I'm glad you liked it.

Personally, I often watch CNBC and they will sometimes discuss how wide or narrow the range of expert opinions is for major news releases. Also, sometimes there's a mention of this in the Daily Trading Signals.

Beyond that, if you really want to dig for data, there are quite a few websites that do analysis (and sometimes over-analysis) of upcoming news announcements. You don't even have to stick to forex sites, since these kind of announcements also have effects on other markets.

winnerbob · (#22 (**permalink**))

Hi all, I am very new to this forum and to forex trading. I think that the concept of this website and those that facilitate it are wonderfull. I am keen to start demo trading the trading signals but am having trouble finding out where I can access the news releases that pertain to the announcements on the calendar. Can anyone help me with this. Thanks

Pharaoh · (#23 (**permalink**))

The FPA Calendar is one of the fastest on the web. Currently, you have to hit the "refresh" button at newstime.

Hopefully, they'll make it automatically update at some point in the future.

James.A. · (#24 (**permalink**))

Hi,
This is my first ever post and i would love to ask Sir Pips how long does he advise we hold a position after a news report because i have been trading live for about a month and a half and i have discovered that it's quite challenging taking your profit or entering your trade.
Thanks,
James.A.

Pharaoh · (#25 (**permalink**))

It really varies. If you are just trying to trade the spike, you might close in seconds. If you are trying to capture some of the after-spike movement, it can be from 10 seconds to 10 minutes.

In the Forex Diamonds room, Sir Pips often calls trades to be placed once the news volatility settles down. These can run anywhere from an hour to a week.

shola2010 · (#26 (**permalink**))

Mr. Felix, I like your write up on how to trade the FPA trading signals. I'm a new member and i've been looking for where the trading signals are on this site. I will appreciate your anticipated favour. Folajimi

matjazz · (#27 (**permalink**))

Does someone know why secretnewsweapon.com is not working anymore?

Cheers

M.Nazri · (#28 (**permalink**))

Hello sir......i'm newbie on forex.....i just want to know about pair EUR/USD...can the price down at 1.4500 at this moment??Because my mistake do a lot OP......what i know from Sir Pipsalot,the price EUR/USD can go down about 1.111 or something after the price move to the top......what i worry its my equity....has left USD 50,only if the price go to 1.4850.....what should i do sir??

Pharaoh · (#29 (**permalink**))

Specific questions about specific trade calls should go in the current daily signals thread.

Assuming your account had more than $55 or $60 dollars in it when you placed the trade, if your are down to $50 because of a single trade, you aren't exercising proper risk management.

Please read this article:

How to Manage Risk while Forex Trading

It explains about how to control risk and set your position size so that 1 or 2 (or 10) bad trades won't wipe you out.

vans22 · (#30 (**permalink**))

Quote:

Originally Posted by Pharaoh

How to trade the Daily Trading Signals
by Pharaoh

Certain questions about how to interpret and trade the Daily Trading Signals come up over and over again in FPA's forums. I've answered a lot of these at various times, but never put all the questions and answers in one place before.

Thank you very much for this wonderful info.More Power!