Questions to all News Traders out there

For all News traders out there, I was just wondering ...

how many lots do you open when the news come out?
When do you get out?
How long are you usually there for?



I'm a newbie here.

Any comments/suggestions are much appreciated!

Thank you

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Happy riding the wave!

I dont put it in terms of Lots but rather Risk.

I first define how much money I am willing to RISK! then compute the number of PIPS I am willing to loose then go from there.

Usually I set 5-10% risk.

If I have $5000 and I want to risk 5% ($250), on a 10 pips reversal, then I would trade 2.5 lots (assuming that 1 pip = $10)...

Of course I can go bolder doing 5 lots (10%).. But I havent dont that - I kept it low at 5%. Brokers are making things tough on straddlers already.

Straddling is not 100% assured win. Brokers has been intervening now. So if I can do 70% win chances, then I can stil be able to fight should I ended up with 3 consecutive losses and have enough money for margins.

Lastly, BE CONSISTENT! Dont bet 1 lot now, then win, then bet 2 lots tommorrow... Bet same lots till your account x2. THEN and only then you add 0.5 lot (not 1)..

Be conservative unless you want to do a MAKE OR BREAK of it. This is FOREX not CASINO. HECK even pro casino gamblers have good money management even besting disciplined forex traders!

I straddle with a 20 pip stop loss due to several brokers widen the spread and anything less than that could mean that I am stopped at the start of the move. A spread of 10 pips on GBP is not uncommon with some brokers at news time these days. The number of lots traded depends on the size of my account but mostly 2 standard lots.

Burgerking says: Straddling is not 100% assured win. Brokers has been intervening now.


Have you noticed any change with Northfinance? Or are their spreads still better than IBFX? Could you tell me whether you have any experience withdrawing money from northfinance?

In my case, I was trading stock for 5 years and I just trade currency seen 9 month, and just 4 in real.
After many bad experience in demo, where I make the mistake to take too much lot, and every time I was not able to compense a loss. And even when I start in real I did the same mistake. After a series of good trade, I increased the number of lot and take 2-3 bad signal. I tried to filled my loss. In the end, I lost 40% the first month and take one month off, clear my head and think about what I had done wrong.

So now it depend of the kind of signal:
- for a technical entry (like for exemple a breakout) with a graph in M30 or H1 I was using 0,5 with a capital of 1000$ and I risk 20pip maximun
- for a entry with a graph of H4 only 0,2. If the trend is confirmed, I generaly put another 0,1 lot at the next possibility of entry (benefice taking for exemple) with a risk of 30, 50 max (depend of the signal and the statistic calendar)

After, I do like burgerking to augment the size of the lot (but I kept the same number of lot until 3000$). I prefer to have the posibility to take a position in 2 and after 3 curency than have everything in the same one.

(Sorry for my english who are not my native language)

A friend exclusively trading NF has been able to withdraw egold money regularly. Me personally, not yet; wire cost money and i may end up paying 25% to wire fees if I take small withdrawals.

But I feel much comfortable with NF than IBFX. NF decides objectively on complains. I trade IBFX for the carrys.

NF's price charts are far more consistent and true to market price actions; they dont chop the price (like IBFX does). problem is that for some wierdness, MT4 platforms simply freeezes during news time!!!! I hate to see a profitable position going awry because I cant close it. Lesson: conservative TP - not trailing stop.

NF has one of the shortest spreads!
I'm live with 'em for 2yrs, I did withdraw(amounts from 300 to 2500$) and fund with about same amounts, on regular basis. NO problems, fast and accurate

in short i enter 5% of my capital, but not all at once, I enter the trade hours before the news release, when the trend starts heading in the direction you would expect according to consensus, and i take as much as i like, and get out before the actual release. I do not trade fomc and i do not trade nfp thats for lunatics, you will get burnt trying, and dont bother trying to blame your broker for your losses if thats how you trade, you know the rules, break em and you will get burnt.

hope that helps