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Joined Mar 2017
|304 Posts
every time is best in Forex trading if you know how to manage money but for the beginners level it is more appropriate to avoid news trading , its too much complicated to predict the real faction of this market with certainly.
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Joined Apr 2018
|459 Posts
news trading is more difficult then anything , only real professional traders who has most powerful analyzing fundamental knowledge can bring profit with certainly during news , its a long term process to be skilled in news , so beginners always avoid it.
news trading is more difficult then anything , only real professional traders who has most powerful analyzing fundamental knowledge can bring profit with certainly during news , its a long term process to be skilled in news , so beginners always avoid it.
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Sometimes even experienced traders should avoid it, especially if their trading approach is not geared towards news trading.
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Joined Apr 2018
|459 Posts
news trading is much difficult than others session but i feel if you have most powerful analyzing fundamental knowledge and experience there is a chance to predict the real movement in this market with certainly during news.
News trading is very difficult to excel if you are a beginner. Generally during the news release the spreads widen in the market. Even if your prediction goes right, you might not be able to gain profit due to spread difference.
News trading is very difficult to excel if you are a beginner. Generally during the news release the spreads widen in the market. Even if your prediction goes right, you might not be able to gain profit due to spread difference.
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True. Also there are some wild whipsaws that few people can predict. At best, they will hit your stop loss and then the market will move in your direction but it would be too late to do anything. At worst they can wipe out your account.
{quote} Yes good point I often overlook this, as based in the UK. Missed a few great entries in the middle of night lol
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Me too. For example, a lot of European traders aren't as active during the Tokyo session because it's during the night for them, give or take a few hours.
{quote} Me too. For example, a lot of European traders aren't as active during the Tokyo session because it's during the night for them, give or take a few hours.
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For us Europeans the Tokyo sessions are probably the safer one to trade with BRexit rolling on lol may have to become a night bird!
{quote} For us Europeans the Tokyo sessions are probably the safer one to trade with BRexit rolling on lol may have to become a night bird!
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That's true, regarding risk and Brexit. However, I think that people either are night owls or aren't and trying to become one if you're not may not be so good for one's health.
{quote} That's true, regarding risk and Brexit. However, I think that people either are night owls or aren't and trying to become one if you're not may not be so good for one's health.
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Indeed, I certainly wont be a night bird. I need my sleep or trading anything would be non-existent!
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Joined Mar 2017
|304 Posts
sometimes i feel there is no best time in Forex trading because market moves at random by and large , but if you have real money managing plan including powerful trading strategy , any time can be best.
sometimes i feel there is no best time in Forex trading because market moves at random by and large , but if you have real money managing plan including powerful trading strategy , any time can be best.
There is no best time for trading forex. What matters is your strategy and how well you stick to your trading plan, which narrows down to trading discipline. However, for a new trader, I'd not recommend trading the news. Give yourself some time before and after the news to trade
