Ok for the ones who dont know I posted the same message previously on the lets trade the news thread. What follows is about news trading and may discourage some and maybe encourage some to try to trade the news.
Hi everyone, I am sorry i didn't read anything of the thread there, and I am sorry for my bad english, for those who are interested in trading the news, here is a story with some important tips...
Well I have been trading forex for a bit more then one year now, I am 23 ( still young ^^) and i questioned myself about many things on forex, until the day i thought, what about trading the news... You have to know that before trading the news, I lost some money and made some money, thx to the technicals, I didn't care about the news, the news were something dangerous for me. Then one day, I was loosing quite a bunch of money, i thought, hey what about straddling the news, in the company where i worked, all the orders were filled up instantly, it was great. So before any NFP or retail sales or whatsoever, i d put my entry stop order, 5 points up and 5 points down, 10 secs before the news, it was pretty stressful, and can you imagine that, no freeze, now spread widening, no slip, no nothing... if the market moved 45 pips in the first shot... i d get 40 wherever it went... i didnt know yet it was the dream of many traders... hahaha I wouldnt even know the result of the news.... and you know what was even better... it s that on each of these i had a nice little trailing stop, 5 points away from my position, which would help me in case of fast returns spikes... So it went on and on for a month or so... and suddenly, the soft started freezing and not taking my orders at the desired price... it was the end of the eldorado. I have to admit that after three weeks, I thought... I am the new warren buffet of the forex hehehe. Well anyway now, the dealer is always after me and I dont trae the news anymore ( although I use the *** news terminal which is quite fast) i had 2 chances to enter the market before the spike, but usually its slower then the spike.
>The point of the story is that, this forex compnay where I was in was quite young and maybe not experienced about the traders who want to trade the news... So according to this experience, I sent one of my traders ( hehehe yes I do have some guys trading under me !! ) to another of that newbie company which isnt aware of such things, there it worked 3 times and then we lost half of what we profited so we left... We tried again in some other companys, but it s difficult to find newbie company with 5 points entry limit and trailing stops which fills your orders on the news. I am still in the research of such company, where the opportunity disappears really fast!!
Anyway for anyone who is trying to trade the news I wish you good luck. For the moment i gave up and trade only fundamentals with technicals, kind of mix, it s not as exciting and rewarding as trading the news, but still forex is like a dream tool for me... still 2 years ago I was wondering what kind of investment would be the best .... etc...
As it s not the subject here, I will post in another thread, how to make a lot of momney with some easy to trade currencys etc... and give you a winning technique amongst many others...
Have an exciting day trading!!!
CHeers
Bigbrotheriswatchingyou
Anyway trading the news can be the most profitable thing of course... Now in my company 1 trader still succeeds in trading the news, but it s pretty scary and sometimes his orders arent filled at all...etc... and he looses money sometimes...
happy trading
Hi everyone, I am sorry i didn't read anything of the thread there, and I am sorry for my bad english, for those who are interested in trading the news, here is a story with some important tips...
Well I have been trading forex for a bit more then one year now, I am 23 ( still young ^^) and i questioned myself about many things on forex, until the day i thought, what about trading the news... You have to know that before trading the news, I lost some money and made some money, thx to the technicals, I didn't care about the news, the news were something dangerous for me. Then one day, I was loosing quite a bunch of money, i thought, hey what about straddling the news, in the company where i worked, all the orders were filled up instantly, it was great. So before any NFP or retail sales or whatsoever, i d put my entry stop order, 5 points up and 5 points down, 10 secs before the news, it was pretty stressful, and can you imagine that, no freeze, now spread widening, no slip, no nothing... if the market moved 45 pips in the first shot... i d get 40 wherever it went... i didnt know yet it was the dream of many traders... hahaha I wouldnt even know the result of the news.... and you know what was even better... it s that on each of these i had a nice little trailing stop, 5 points away from my position, which would help me in case of fast returns spikes... So it went on and on for a month or so... and suddenly, the soft started freezing and not taking my orders at the desired price... it was the end of the eldorado. I have to admit that after three weeks, I thought... I am the new warren buffet of the forex hehehe. Well anyway now, the dealer is always after me and I dont trae the news anymore ( although I use the *** news terminal which is quite fast) i had 2 chances to enter the market before the spike, but usually its slower then the spike.
>The point of the story is that, this forex compnay where I was in was quite young and maybe not experienced about the traders who want to trade the news... So according to this experience, I sent one of my traders ( hehehe yes I do have some guys trading under me !! ) to another of that newbie company which isnt aware of such things, there it worked 3 times and then we lost half of what we profited so we left... We tried again in some other companys, but it s difficult to find newbie company with 5 points entry limit and trailing stops which fills your orders on the news. I am still in the research of such company, where the opportunity disappears really fast!!
Anyway for anyone who is trying to trade the news I wish you good luck. For the moment i gave up and trade only fundamentals with technicals, kind of mix, it s not as exciting and rewarding as trading the news, but still forex is like a dream tool for me... still 2 years ago I was wondering what kind of investment would be the best .... etc...
As it s not the subject here, I will post in another thread, how to make a lot of momney with some easy to trade currencys etc... and give you a winning technique amongst many others...
Have an exciting day trading!!!
CHeers
Bigbrotheriswatchingyou
Anyway trading the news can be the most profitable thing of course... Now in my company 1 trader still succeeds in trading the news, but it s pretty scary and sometimes his orders arent filled at all...etc... and he looses money sometimes...
happy trading