as before...
- Joined Jun 2008 | Status: Member | 622 Posts
Life happens at the level of events. Trust only movement. - Adler
If you haven't made it yet, what makes you think you will? 212 replies
Trade What You Know and Know What You Trade 4 replies
FX News Calendar as Wallpaper (if you consider news trading) 8 replies
will you trade today ??? Dec 25 ? when will you trade back ? 6 replies
DislikedAriel, hello. A 1 tick chart would prove without a doubt that your system works.Ignored
DislikedHi all,
At this site the news information seems to be great. But is there a place to get the live news releases when the numbers come out? Or do I just hit the refresh button on my screen every few seconds to see if there is an update?Ignored
DislikedHi all,
At this site the news information seems to be great. But is there a place to get the live news releases when the numbers come out? Or do I just hit the refresh button on my screen every few seconds to see if there is an update?Ignored
DislikedGet a Reuter's feed......but be willing to pay something like 1500 a month. (I believe.)
Or, trade longer term, and don't worry about it.Ignored
DislikedReuters has several packages. You can get a good feed with them for $750.
Bloomberg is $1700 a month(this doesn't pertain to your post, really. I just forgot to mention the price in my last post LOL)
I disagree about trading longer term, but I think what you're getting at is trying to trade news spikes these days is useless LOL. There are plenty of other ways to make money, including longer term trading.Ignored
DislikedThere are some hard truths traders need to hear:
1). During major news events, brokers increase their spreads ( I’ve seen Oanda increase their news spreads to 25 pips ) . So that automatically eats into any potential profits.
2). During big news events, the markets can move quickly, so if your order even gets filled , it can and will be well beyond your entry price. I know – I tried “news trading” once and had my order filled 50 pips (!) away from my entry price. Luckily, I made a small profit on that trade. But it was just luck – I could...Ignored
DislikedThere are some hard truths traders need to hear:
1). During major news events, brokers increase their spreads ( I’ve seen Oanda increase their news spreads to 25 pips ) . So that automatically eats into any potential profits.
2). During big news events, the markets can move quickly, so if your order even gets filled , it can and will be well beyond your entry price. I know – I tried “news trading” once and had my order filled 50 pips (!) away from my entry price. Luckily, I made a small profit on that trade. But it was just luck – I could...Ignored
QuoteDislikedWhen it comes to trading around data releases, experienced traders
know to sit back, watch the report, assess the market reaction
and then get back into the market. Think about it in terms of
WW1 trench warfare -- do you really want to be in the first wave
over the top? Until you get a better idea of how forex prices
react to data, you can save yourself a lot of unnecessary grief
(and money) by keeping......