Hey everyone,
I created this forum as a area where news trader can come together and share some of tricks of the trade. While I love forex, I have a hard time dealing with the psychological aspects of longer term trading. Additionally, being that fundamentals move the markets, news reports are key for any type of trader. There are a variety of good reports out there several times a week that come out (look at the calendar tab).
Anyways, just looking to get a conservation started on reactionary and pre-news release trading. What are your buy and sell stops? How do you deal psychology wise with markets that tend to whipsaw after a news release? What are your lot sizes on an average trade? Favorite reports to trade?, etc etc.
Thanks guys,
BTW if you do not news trade and trying to cause problems do us all a favor and go bug someone else!
PR
I created this forum as a area where news trader can come together and share some of tricks of the trade. While I love forex, I have a hard time dealing with the psychological aspects of longer term trading. Additionally, being that fundamentals move the markets, news reports are key for any type of trader. There are a variety of good reports out there several times a week that come out (look at the calendar tab).
Anyways, just looking to get a conservation started on reactionary and pre-news release trading. What are your buy and sell stops? How do you deal psychology wise with markets that tend to whipsaw after a news release? What are your lot sizes on an average trade? Favorite reports to trade?, etc etc.
Thanks guys,
BTW if you do not news trade and trying to cause problems do us all a favor and go bug someone else!
PR