i don't like this type of trading. i know it can give us good money in one shot. i know one trader who only trade in the first friday every months. he focus on NFP and guess what he always make thousand dollars consistently every months. amazing
i don't like this type of trading. i know it can give us good money in one shot. i know one trader who only trade in the first friday every months. he focus on NFP and guess what he always make thousand dollars consistently every months. amazing
I have never tried about several times on the demo account & although I managed into TP 12pip only just. but I put it reverse its position and 12 pips TP Selkirk too. but I have not tried it on a real account.
Some people avoid to trade forex during news release as becasue trading forex during news release can be both profitable and risky. But for expert traders it is profitable and not risky all the time. So if it possible then we should learn how to use news as our friend in forex trading even we do not have intension to use it more often. Because if we want to remain in forex business then nothing should be left in learning. And learning as much as possible is always a good practice.
I trade in forex with the news always as it helps me to earn 50 pips very easily.Once i made 120 pips profit from the news of trade balance in forex market.I never miss any news of NFP which releases on every months first weeks friday in forex.
Usually big news do last weeks and even months. Just look at yen. Its keep on getting weaker vs others pairs since Prime Minister Abe started to make good of its policy. When the news was been release Yen is getting weaker ever since and its just plain craziness if you going to go against the flow of Yen right now. But same time the price is just keep on decreasing that I'm wondering if its going to reverse soon or not. As right now I'm starting to open sell position.
trading when the news was released is a great way to earn huge profits, but sometimes the news that has a huge impact not have an impact at the time, so we can not get benefits