Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 04:04 PM. | Search:

» StockRants Stock Forum » Public Stock Forums » Forex Trading » Forex News Trading – Why should you NOT trade this!

Thread Tools Search this Thread
Old 11-28-2011, 03:39 AM   Nav to Top  #1
Senior Trader
asiaforexmentor's Avatar
Join Date: Mar 2011
Location: singapore
Posts: 107
Favorites: set,youp,tee
Rep Power: 118
Reputation: 105
asiaforexmentor will become famous soon enoughasiaforexmentor will become famous soon enough
Default Forex News Trading – Why should you NOT trade this!

Forex News Trading – Why should you NOT trade this!

Forex trading pair: GBP CAD
This is one of a good example which is worth mentioning.
Alot of people have asked me, Ezekiel – How do you trade the news?
My answer is simple: I rarely trade the news. and i go on by saying that i will usually avoid taking trades when the high / medium impact news is coming in 2 hrs time. And i would only enter the trade AFTER a minimum of 10 minutes when the news is announced.
Why people may say. Trading the news can make you fast money.
Yes it does. But trading the news will NOT make you consistent money. Nor will it make you a full time trader.
Besides its Risky and its like you are laying your stakes in the hand of god.
Forex News Trading – Why should you NOT trade this!

If you ask me, i prefer trading safe and trading with a plan. I do not like to leave my fate of the trade on luck by predicting the outcome of the news.
Which is why i do not trade 2hrs before hand for any affecting pair.
In the chart above, forex pair: GBP CAD
There is an upcoming news on the GBP in 48 mins time.
I spotted the pin bar before hand , but i didn’t take the trade.
Because Rule no. 1: Do not take trades that have news impact with a buffer of at least 2hrs advance.
So what we can see from the chart is that the market has gone wild, and people are expecting good news on the GBP which resulted in the spike of any GBP pairs.
Had we taken the trade, we would have gotten stop out and made a loss.
I hope you got something out of this forex news example.
Asia Forex Mentor
Ezekiel Chew
Asia #1 Forex Mentor
A complete professional forex trading system that even newbies can apply instantly.

Asia Forex Mentor forex course is now FREE!
asiaforexmentor is offline   Rate this post Yes | No Reply With Quote
Old 04-07-2014, 05:12 PM   Nav to Top  #2
Junior Trader
allenrodger's Avatar
Join Date: Feb 2014
Location: Irvine
Posts: 9
Favorites: Forex, Currency, Euro
Rep Power: 75
Reputation: 30
allenrodger is on a distinguished road

Great Tips, but as of my experience I am never afaraid of trading with any stock as I use an automated trading system for my trading. The system trades on my behalf and grabs profit for me.
Online Robotic Stock trader
allenrodger is offline   Rate this post Yes | No Reply With Quote
Old 12-12-2014, 08:02 AM   Nav to Top  #3
SofiyaLim's Avatar
Join Date: Jun 2014
Location: Singapore
Posts: 36
Favorites: sgx, comex ,forex
Rep Power: 71
Reputation: 10
SofiyaLim is on a distinguished road

Using any forex trading software for profitable trading is good, but one must have enough knowledge and experience of analyzed trading signals, as well.
SofiyaLim is offline   Rate this post Yes | No Reply With Quote
Old 08-11-2016, 04:07 AM   Nav to Top  #4
Neha Agrawal
Junior Trader
Neha Agrawal's Avatar
Join Date: Jul 2016
Location: Indore
Posts: 26
Favorites: Southwest Airlines
Rep Power: 45
Reputation: 10
Neha Agrawal is on a distinguished road

Forex news trading is highly risky due to big price movement against the traders. Risk management is very important for forex news trading.
Epic Research-
Neha Agrawal is offline   Rate this post Yes | No Reply With Quote
Old 10-14-2019, 04:12 PM   Nav to Top  #5
James Charter
Senior Trader
James Charter's Avatar
Join Date: Nov 2016
Location: Dhaka
Posts: 232
Rep Power: 49
Reputation: 14
James Charter is on a distinguished road

When it comes to News Trading, it’s important to have clarity. You can do anything but news trading if you are uncertain, so that’s where we need to be wise. I always work with certain level of freedom to do with FreshForex, as with using their low spreads, no re quotes issues and best part is their Cashback facility, so that makes news trading a lot more comfortable.
James Charter is offline   Rate this post Yes | No Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
Alternative For Forex and Option Trading jacovsamuel Forex Trading 4 11-17-2019 04:19 PM
WHY you should NEVER Trade Live without learning a Proper Forex Course asiaforexmentor Forex Trading 6 09-13-2019 09:36 PM
Added: Forex Trading Forum Miles StockRants Announcements 4 02-28-2018 09:17 PM
Free Daily Price Action Forex Trading Strategies & System From Asia Forex Mentor asiaforexmentor Forex Trading 4 08-31-2011 11:58 PM
Dubai Receives a Lifeline, Forex Pairs trade steady dodjit Forex Trading 0 12-15-2009 09:39 AM

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On