1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Should I close my position before high impact news?

Discussion in 'Beginners Bootcamp' started by Azlan00IM, Jun 25, 2015.

  1. Martin Neumann

    Martin Neumann Recruit

    Joined:
    Apr 28, 2016
    Messages:
    6
    Likes Received:
    0
    Yes, it's risky and stressful, at least for me. :D
     
  2. ForexVerified

    ForexVerified Private, 1st Class

    Joined:
    Feb 28, 2011
    Messages:
    584
    Likes Received:
    40
    Well, it wouldn't be stressful if you had unlimited money supply. :)
     
    Martin Neumann likes this.
  3. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,120
    Likes Received:
    44
    Often after news high impact as released then pair move suddenly to down or up with strong movement, but not too long time them move suddenly vice versa and also strong movement, making stress maybe for technical trader
     
  4. EuroTrader

    EuroTrader Sergeant Major

    Joined:
    Aug 31, 2015
    Messages:
    1,019
    Likes Received:
    36
    Yes i have seen the news and the moves that took place in the EURUSD and i can say for sure that we have to look for such types of news in the markets :)
     
  5. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,679
    Likes Received:
    2,229
    Unlimited money supply . . . . . yes, that could solve many of my issues. ;)
     
    ForexVerified likes this.
  6. Martin Neumann

    Martin Neumann Recruit

    Joined:
    Apr 28, 2016
    Messages:
    6
    Likes Received:
    0
    True, if I had an unlimited money supply I would trade just for fun. :D
     
  7. EuroTrader

    EuroTrader Sergeant Major

    Joined:
    Aug 31, 2015
    Messages:
    1,019
    Likes Received:
    36
    We are trading with funds and we all know that if we will not have the required margins in our trading accounts the trades can never be carried forward and we have to understand this before doing our trades :D
     
  8. downtrend

    downtrend Sergeant

    Joined:
    Dec 13, 2014
    Messages:
    846
    Likes Received:
    56
    A good option is to close half position and break even the rest. So if price goes in your favor, you can get extra cash and if price reverses on you, you will still be safe from any losses.
     
  9. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,120
    Likes Received:
    44
    If already on profit floating might we can modify order at least on break even point and let the market later will answer, if after news hit stop loss so still in zero loss and profit, but if trend continue hence will get more profit
     
  10. dianajs

    dianajs Private, 1st Class

    Joined:
    Dec 9, 2015
    Messages:
    778
    Likes Received:
    41
    That is also a good approach, especially if you are relatively sure what the consequences of said high impact event will be.
     

Share This Page