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How to trade The News Correctly Trading strategies on news for many traders play an important role, since one news can take a very good movement, it is important to observe the nuances of such strategies. The essence of the strategy is to catch the movement and make money at the moment of the release of important news, becauseof which, most often, the volatility of the instruments we are interested in increases significantly, and it does not matter from the direction where the price will go. NUANCES: 1) the entry point is located outside the range, in which the price was moving before the news was released 2) place two identical deals at the same distance in different directions 3) do not forget about stop loss 4) do not forget to set take profit What a trader can get by trading on the news 1) At high volatility , slippage can be obtained. At such a moment, the trader can get both a larger loss than the planned one, or a smaller profit, and quite the opposite. More often slippage is bad for the trader's account 2) False breakout, which can deceive you and give you a loss 3) Bad work of the broker, usually if you use the services of "Kitchen". they "process" a lot of traders on the news in their favor. What news is it permissible to trade such a strategy on: Important news: 🔼 NFP 🔼 Retail Sales 🔼 Trade Balances 🔼 CPI 🔼 FOMC The movement that a trader can pick up can be up to 50-70 points in some currency pairs. What currencies and why 🔼 EUR/USD 🔼 GBP/USD 🔼 USD/JPY These are the most traded currency pairs in the world, gold is not taken into account, the expected movement in these pairs can be up to 50-70 pips. Important to remember ❗ : 🔼 These are the most aggressive strategies 🔼 You, during the news release, have no advantages, without this it is difficult to win 🔼 And it is best not to trade before and after the news release for at least half an hour. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
7
How to trade The News Correctly Trading strategies on news for many traders play an important role, since one news can take a very good movement, it is important to observe the nuances of such strategies. The essence of the strategy is to catch the movement and make money at the moment of the release of important news, becauseof which, most often, the volatility of the instruments we are interested in increases significantly, and it does not matter from the direction where the price will go. NUANCES: 1) the entry point is located outside the range, in which the price was moving before the news was released 2) place two identical deals at the same distance in different directions 3) do not forget about stop loss 4) do not forget to set take profit What a trader can get by trading on the news 1) At high volatility, slippage can be obtained. At such a moment, the trader can get both a larger loss than the planned one, or a smaller profit, and quite the opposite. More often slippage is bad for the trader's account 2) False breakout, which can deceive you and give you a loss 3) Bad work of the broker, usually if you use the services of "Kitchen". they "process" a lot of traders on the news in their favor. What news is it permissible to trade such a strategy on: Important news: 🔼 NFP 🔼 Retail Sales 🔼 Trade Balances 🔼 CPI 🔼 FOMC The movement that a trader can pick up can be up to 50-70 points in some currency pairs. What currencies and why 🔼 EUR/USD 🔼 GBP/USD 🔼 USD/JPY These are the most traded currency pairs in the world, gold is not taken into account, the expected movement in these pairs can be up to 50-70 pips. Important to remember ❗ : 🔼 These are the most aggressive strategies 🔼 You, during the news release, have no advantages, without this it is difficult to win 🔼 And it is best not to trade before and after the news release for at least half an hour.
Education
by DeGRAM
2
DeGRAM | EURUSD growth from supportThe currency pair is consolidating above the support line, but the picture is such that the price retests the level to move down, because after a strong fall, we did not roll back, but began to return to the level. I expect growth after the end of the corrective countertrend movement to the upper key point - the resistance of the price channel . 1.2275 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
1
DeGRAM | EURUSD growth from support The currency pair is consolidating above the support line, but the picture is such that the price retests the level to move down, because after a strong fall, we did not roll back, but began to return to the level. I expect growth after the end of the corrective countertrend movement to the upper key point - the resistance of the price channel. 1.2275 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
7
DeGRAM | EURUSD Change of trend?The Eurodollar price rolled back after touching the strong support line, which is the lower border of the price channel . The growing trend is still relevant for the situation with the global trend; it will be possible to talk about a change in the local trend after consolidation and the subsequent impulsive upward movement. I expect for the mid-term session the continuation of the upward movement to the first target - the resistance level of 1.2174 and further to the strong resistance line of 1.253 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
1
DeGRAM | GOLD in consolidation. ShortGold is currently in accumulation after a strong downside move, which is interesting that there is no pullback that would update local daily highs. Perhaps there is no buyer who would be able to redeem the instrument, plus, in addition, there are strong limit levels that do not let the price go in one direction or the other. I expect a downward exit from accumulation and a further fall to the nearest support at 1725 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
OANDA:XAUUSDShort
by DeGRAM
DEMO account for trading. Useful or notDEMO account for trading. Useful or not A demo account is considered by traders to be the safest method of learning to trade 😎 You are trading on virtual money. You have a sense of responsibility for this money and for your trade. The lack of psycho-logical pressure and emotional tension very "blinds" you. You become indifferent to your trade. You can stop putting on the feet and trade like a flop. A demo account provides an opportunity to gain experience 🐱‍👤 Demo account is comparable to the virtual world, where there is nothing real. There is no profit and no loss, you do not feel any of this. It is only needed for the initial stage, where you are just starting to understand the structure, orders, how everything works. On a demo account, you can check the strategy, system 📈 This cannot be done again because of the lack of attachment to money or lack of responsibility for their activities. A trading strategy gives success only if you follow everything that is indicated in it, without your own improvisation. Winning a demo account can tell you how to trade on a real account 🤑 Demo account in comparison with a real account are completely different things due to the emotional component, psychological, lack of responsibility and rashness. Any positive result on a demo account means nothing What, then, is a demo account needed? 🤷‍♂️ 🔼 For acquaintance with the trading platform and the characteristics of the trading market 🔼 For acquaintance with the financial tools on which you will be trading 🔼 To perfect your technical skills 🔼 To test your trading strategy ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
12
DEMO account for trading. Useful or notDEMO account for trading. Useful or not A demo account is considered by traders to be the safest method of learning to trade 😎 You are trading on virtual money. You have a sense of responsibility for this money and for your trade. The lack of psycho-logical pressure and emotional tension very "blinds" you. You become indifferent to your trade. You can stop putting on the feet and trade like a flop. A demo account provides an opportunity to gain experience 🐱‍👤 Demo account is comparable to the virtual world, where there is nothing real. There is no profit and no loss, you do not feel any of this. It is only needed for the initial stage, where you are just starting to understand the structure, orders, how everything works. On a demo account, you can check the strategy, system 📈 This cannot be done again because of the lack of attachment to money or lack of responsibility for their activities. A trading strategy gives success only if you follow everything that is indicated in it, without your own improvisation. Winning a demo account can tell you how to trade on a real account 🤑 Demo account in comparison with a real account are completely different things due to the emotional component, psychological, lack of responsibility and rashness. Any positive result on a demo account means nothing What, then, is a demo account needed? 🤷‍♂️ 🔼 For acquaintance with the trading platform and the characteristics of the trading market 🔼 For acquaintance with the financial tools on which you will be trading 🔼 To perfect your technical skills 🔼 To test your trading strategy ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
2
DeGRAM | GOLD in consolidation. Short Gold is currently in accumulation after a strong downside move, which is interesting that there is no pullback that would update local daily highs. Perhaps there is no buyer who would be able to redeem the instrument, plus, in addition, there are strong limit levels that do not let the price go in one direction or the other. I expect a downward exit from accumulation and a further fall to the nearest support at 1725 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
OANDA:XAUUSDShort
by DeGRAM
1
DeGRAM | USDJPY False breakout. PullbackThe currency pair has reached a key point by making a false breakout. All the strongest and longest movements usually occur after a false breakout, now the instrument is in the consolidation phase, there was an impulsive pullback, which was bought out and is not going to sell the instrument yet. After consolidation, I expect a pullback to the intersection of the support level and trend support 110.41 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Short
by DeGRAM
DeGRAM | EURUSD Change of trend?The Eurodollar price rolled back after touching the strong support line, which is the lower border of the price channel. The growing trend is still relevant for the situation with the global trend; it will be possible to talk about a change in the local trend after consolidation and the subsequent impulsive upward movement. I expect for the mid-term session the continuation of the upward movement to the first target - the resistance level of 1.2174 and further to the strong resistance line of 1.253 ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
2