G'day everyone,
Some of you may already know me as the guy who is still looking for a system to suit him...Ahem! Im working on that, anyway i have 2 questions that i would like to clear up:
1) When a trader says that they want to add to their position, does this mean that they open a new trade. For e.g is i was trading 0.10 lots and had a TP somewhere along and brought my stop to B/E. Lets say i decide im sure the trend is going my way and i want to add to my position. Do i open another 0.10 lot? Or is there another way to do this?
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My other question is regarding the news...
2) If there is some high importance news that is going to be coming up on a pair. Is this news capable of effecting the market hours before the news come up by sort of changing its trend or changing the markets pattern?
Ive usually seen this happen just a few minutes before the news comes up but is that possible?
Thanks everyone for the help...Im learning a lot each day
Cheers
S
Some of you may already know me as the guy who is still looking for a system to suit him...Ahem! Im working on that, anyway i have 2 questions that i would like to clear up:
1) When a trader says that they want to add to their position, does this mean that they open a new trade. For e.g is i was trading 0.10 lots and had a TP somewhere along and brought my stop to B/E. Lets say i decide im sure the trend is going my way and i want to add to my position. Do i open another 0.10 lot? Or is there another way to do this?
---------
My other question is regarding the news...
2) If there is some high importance news that is going to be coming up on a pair. Is this news capable of effecting the market hours before the news come up by sort of changing its trend or changing the markets pattern?
Ive usually seen this happen just a few minutes before the news comes up but is that possible?
Thanks everyone for the help...Im learning a lot each day
Cheers
S