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how do you trade FOMC

  • #21
  • Jun 28, 2018 9:10am Jun 28, 2018 9:10am
Quoting maria098
I have seen few traders who book handsome profits at the time of any major event. But i personally avoid news trading.
Me too. The whipsaws at the beginning of such events scared me off for good from them.
  • #22
  • Jun 28, 2018 6:54pm Jun 28, 2018 6:54pm
Personally I avoid news - hard to trade it when you don't know what direction things are going.

Also spreads get widened by brokers so not worth the risk IMO
  • #23
  • Jun 30, 2018 10:23am Jun 30, 2018 10:23am
With some news the direction can be obvious, the problem are the whipsaws before the pair heads in said direction.
  • #24
  • Jul 3, 2018 3:13am Jul 3, 2018 3:13am
you can but you just need to be patient and wait for the right timing to pull the trigger. and not every meeting is traded the same.
Small win matters.
  • #25
  • Jul 3, 2018 9:04am Jul 3, 2018 9:04am
The problem is that I am never sure what the right timing is when it comes to news trading.
  • #26
  • Jul 3, 2018 9:51am Jul 3, 2018 9:51am
Quoting mlawson71
The problem is that I am never sure what the right timing is when it comes to news trading.
it would take time and tries to master not to mention you also need to learn how to read the news and its relation to the market. it's a subject of study cannot be mastered overnight.
Small win matters.
  • #27
  • Jul 3, 2018 1:05pm Jul 3, 2018 1:05pm
You trade it by not trading it and buying gold/silver as a wayyy safer investments. I bought gold/silver from Bullion exchanges and couldn't have been happier with my experience https://bullionexchanges.com/buy-silver
  • #28
  • Jul 7, 2018 8:21am Jul 7, 2018 8:21am
Quoting FXGladiators
{quote} it would take time and tries to master not to mention you also need to learn how to read the news and its relation to the market. it's a subject of study cannot be mastered overnight.
Nothing about Forex trading can be mastered overnight, in my opinion.
  • #29
  • Sep 1, 2018 2:33am Sep 1, 2018 2:33am
Quoting mlawson71
{quote} Nothing about Forex trading can be mastered overnight, in my opinion.
I strongly agree with your opinion.
  • #30
  • Sep 1, 2018 5:42am Sep 1, 2018 5:42am
Quoting bill1985
how do you trade FOMC?
During FOMC, I just close my trading chart; and comeback after 30-45 minutes.
  • #31
  • Sep 1, 2018 8:48am Sep 1, 2018 8:48am
Quoting ZikriIrfan
{quote} During FOMC, I just close my trading chart; and comeback after 30-45 minutes.
Which pairs do you usually trade?
  • #32
  • Sep 3, 2018 12:22am Sep 3, 2018 12:22am
Quoting mlawson71
{quote} Nothing about Forex trading can be mastered overnight, in my opinion.
Well that is indeed true. But sadly some people think otherwise, those who think forex is super easy and can come to you just by snapping your fingers. The hard work and patience that goes into it can be very time-consuming which is overlooked by many. As for news trading I haven't dabbled in it till now but I think unless you are absolutely sure you can handle it you shouldn't risk it. I find the uncertainty attached with trading news a bit overwhelming.
  • #33
  • Sep 3, 2018 1:13am Sep 3, 2018 1:13am
Quoting goldsniper
{quote} Well that is indeed true. But sadly some people think otherwise, those who think forex is super easy and can come to you just by snapping your fingers. The hard work and patience that goes into it can be very time-consuming which is overlooked by many. As for news trading I haven't dabbled in it till now but I think unless you are absolutely sure you can handle it you shouldn't risk it. I find the uncertainty attached with trading news a bit overwhelming.
Such people do exist and unfortunately a lot of broker companies perpetuate that myth among them with unethical advertising.
  • #34
  • Sep 4, 2018 4:13am Sep 4, 2018 4:13am
Quoting mlawson71
{quote} Such people do exist and unfortunately a lot of broker companies perpetuate that myth among them with unethical advertising.
Exactly! Which is why it is all the more important to be well-informed, and use your own discretion and be more logical.
  • #35
  • Last Post: Sep 4, 2018 9:55am Sep 4, 2018 9:55am
Quoting goldsniper
{quote} Exactly! Which is why it is all the more important to be well-informed, and use your own discretion and be more logical.
I agree. Don't believe everything you hear and read, especially when it comes to broker adds. Do your own research.
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