It is quite important to understand the nature of each event and its possible impact on the market. This understanding will give trader the possibility to see the whole picture of what is going on.
At the same time, it seems that most of the news releases cause huge volatiliy during the first minutes after being announced. This means that first movements are extremely large and could have any direction. Then, after the first reaction will slow down, the real trend would appear. That is why it is better to wait for some time to be able to enter the position with the relatively low risk.
I'm quite happy with that tool... but want to ask some modification... first of all, since I'm out quite often - want to get it for
Yes, highly agree and even more. I can't invest in FX more that 1k... just because I don't believe in Brokers or other factors... this is my point of view. I like the proccess and trading idea. By using small lot - you won't be interested to broker or someone else. This is the chance to playHi guys!
I want to speak about trading on the news. By and large, this is a game in one direction, namely in the direction of the broker. Since initially the trader is not in the most favorable conditions, due to the high spread and strong slipping of the opening position.
For this reason, trading on the news is somewhat similar to a roulette with a very low expectation. Believe me, we checked it repeatedly.
In addition, if there is interest, we can lay out a trading advisor specially written by us specifically to test this idea. Quite good results can be obtained only from unscrupulous brokers, but after a succession of successful transactions, you will be included a special plug-in that worsens the terms of trade.