Forex News Trading Strategy
Forex News Trading – Are you an Active News Trader who Tracks the Fundamental Release?
Do you recommend this strategy in the Asia-Pacific forex markets — Singapore, HK, Japan, Australia & NZ?
No, I don’t trade news stories, nor do I trade with a leverage of more than 1:50
The reason is simple: Broker spreads increase dramatically when a news report comes out. So the chances of manipulation & ‘price spikes’ are much higher.
Besides, the market itself goes into a volatile whipsaw at news time. Your stops can be taken out, trends takes a U-turn, and more often than not, you’ll end up with unwanted losses.
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Trading news explained – what is forex news trading
