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Three secrets for trading the high impact news release
Three things that you should follow while trading the high impact news
The forex market is an extremely volatile market and every single day the number of retail traders is increasing at an exponential rate. Most of the people consider forex trading as their full-time profession since they know that this market can secure their financial freedom in life. The market becomes extremely volatile during the high impact news release and most of the novice traders lose money. In this article, we will give you three amazing tips to execute high-quality trades during the high level of volatility. Use price action signal Price action trading strategy is considered to be the most reliable and profitable trading strategy in the world. If you truly want to become a profitable trader then you should go for forex price action trading course. When the high impact news is released in the market don’t just jump into the trade rather wait for price action confirmation signals in the market. Use the smaller time frame When you trade the news releases in the market you need to look for price action signal in the smaller time frame. The experts use the minute 5 and 15-minute frame to trade high impact news release. But you should draw the key support and resistance level in the higher time frame and look for candlestick confirmation signal in the smaller time frame. Limit your risk No matter how well you do the technical and fundamental analysis there is always a chance that you will lose the trades in the market. So when you trade news release never risk more than 1 percent of your account capital in single trade. If you want to learn forex trading from expert price action trader then take our forex price action trading course. For further query please feel free to contact us. |
#2
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Re: Three secrets for trading the high impact news release
Most Forex traders don’t have the experience and skill to trade the large fast whipsaw movements during important news releases. The increased volatility should be left to the pros.
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#3
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Re: Three secrets for trading the high impact news release
Know that just because the market is moving, it doesn’t mean you have to trade it. The little-known truth is that 99% of the volatility you see every single day is just a trap waiting for the unsuspecting trader.
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Re: Three secrets for trading the high impact news release
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#5
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Re: Three secrets for trading the high impact news release
We should focus on more things than just this. If we want to be successful then we need to plan out better and even join a reliable broker. There are many scammers out there so we need to be careful that we don’t get into with such companies.
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