dave alexander
Recruit
- Messages
- 7
I watched with interest the effect on the currency pair AUS/USD when the Australian Employment news came out. I have a couple of questions if someone can help me out. I assume you would be trading the 1 minute chart but in terms of knowing whether to go long or short, do you wait and see how the market is reacting then take a trade or should you take a position before the news release to avoid the widened spreads and slippage or is this not an issue because if you are wrong on the position you take before the news release it could be a whole lot worse than the spread and slippage issues.