i am one of those nigerians who dont believe in spammming people to make money that is why i have decided to take up forex.
i am a newbie that have just been introduce to this system and i want the experts to be give advice and the same time rate it.
For high impact news, i enter into the buy and sell positions five minutes before the news.
I like to aim for 20pips per trade.
i go long <buy>by adding 40pips to take profit and subtracting 20pips for stop loss.
i go short<sell> by adding 20pips to stop loss and subtracting 40pips to take profit.
This method is called hedging and is it right for me. pls give advice
i am a newbie that have just been introduce to this system and i want the experts to be give advice and the same time rate it.
For high impact news, i enter into the buy and sell positions five minutes before the news.
I like to aim for 20pips per trade.
i go long <buy>by adding 40pips to take profit and subtracting 20pips for stop loss.
i go short<sell> by adding 20pips to stop loss and subtracting 40pips to take profit.
This method is called hedging and is it right for me. pls give advice
