Please help me...how to trade news | Forex Factory

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Please help me...how to trade news

  • #1
  • First Post: Jun 12, 2007 7:41am Jun 12, 2007 7:41am
Please help me...how to trade news, i need to know best time to enter position once news announce,

really appreciate your help
  • #2
  • Jun 12, 2007 7:44am Jun 12, 2007 7:44am
Before anyone should help you, I think you should explain to us WHY you need help. Just giving people means does not help them unless they know why they need help.

So, the question is, why do you need help trading the news?

Quoting pbaskhar
Please help me...how to trade news, i need to know best time to enter position once news announce,

really appreciate your help
  • #3
  • Jun 12, 2007 8:09am Jun 12, 2007 8:09am
Hi
I am also a newbie to forex. so, I can understand how frustrating it is to see big price changes without knowing how to trade it.
Your question is like - tell me something about physics.

Unless you have a specific question no one will be able to help you.
There are a lot of senior members here who spend their time and energy into teaching and helping people like us. So, if you can do some research and learn the basics of forex trading then you will be able to ask some specific questions.
News trading is very very risky. Many people avoid it.
All the best.
Kumar
  • #4
  • Sep 19, 2007 12:11pm Sep 19, 2007 12:11pm
you can use this:

http://www.forexfactory.com/showthread.php?t=47695
  • #5
  • Sep 19, 2007 3:34pm Sep 19, 2007 3:34pm
The brokers are wise to these announcement times and as a general rule there is little money in trading the news.
If you are trading for real money then learn these 3 trading methods first:
1. Trending - but choose your timeframe between 1m - 4hrs.
2. Scalping - smaller the timeframe the better the profits the harder on your nerves!
3. Swing trading - again choose your timeframe. It is least stressful but choose at least 3 charts and use trendlines plus a predictive indicator.
Once you have seen how they work then choose which one is for you.
G
Trade what you see and not what you hope.
  • #6
  • Sep 22, 2007 3:43am Sep 22, 2007 3:43am
One of the best methods of trading the news is straddling.You must make limit orders before the news.For more info on straddling read my thread here.
  • #7
  • Sep 22, 2007 4:44am Sep 22, 2007 4:44am
Quoting pbaskhar
Please help me...how to trade news, i need to know best time to enter position once news announce,

really appreciate your help
Don't. If you're new to trading, it's the quickest way to blow your account.

OK, let the arguments begin
  • #8
  • Sep 22, 2007 7:00am Sep 22, 2007 7:00am
Quoting PeterFM
Don't. If you're new to trading, it's the quickest way to blow your account.

OK, let the arguments begin

heeheehee.........

normally i'm terrified of news......but i couldn't resist waking in the middle of the night when the FED reduced the rates.......

i was afraid of the fake up then down move so i waited till it moved up quite a bit before going for it...........hey, it may work most times ???
  • #9
  • Sep 23, 2007 9:08pm Sep 23, 2007 9:08pm
Quoting PeterFM
Don't. If you're new to trading, it's the quickest way to blow your account.

OK, let the arguments begin

pbaskhar -

Please read the above quote about 1,500 times. Then repeat.

Best of luck

Clockwork71
  • #10
  • Sep 23, 2007 9:21pm Sep 23, 2007 9:21pm
No one can tell you how to trade. Everyone has their own system, and that's what you need to develop. Follow the markets for a few months, try a couple demo accounts, and figure it out for yourself. Soon enough you'll have your own system, and will be able to trade confidently with the big bucks. In any case, best of luck!
I am Canadian!
  • #11
  • Last Post: Sep 23, 2007 9:24pm Sep 23, 2007 9:24pm
Quoting pbaskhar
Please help me...how to trade news, i need to know best time to enter position once news announce,

really appreciate your help
Please help me...how to catch Brown Trout, i need to know best time to cast fly and which fly to use.

Same Question with at least as much chance of an informative reply. Sorry.
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