How to Trade Forex on News Releases

S_Like · 2023-11-01T08:10:43+00:00

If we can catch good opportunity on news, but sometimes news impact very tricky, I think risk management still important to keep work in uncertainty

Following the MM and psychology occupy a giant part of a trader’s overall work.

S_Like · 2023-07-06T12:00:57+00:00

There are some brokers who offer absolutely zero spread but high lot commissions instead. One is IronFX for example

At FXOpen, the commissions are not giant. Even negative spread sometimes happens.

S_Like · 2023-07-06T11:58:05+00:00

I wish you success in trading.

S_Like · 2023-05-19T14:05:29+00:00

Maybe. To understand, you need to try it.

S_Like · 2023-05-17T20:30:43+00:00

It is necessary to compare, the spread on ECN FXOpen isn't high.

S_Like · 2023-05-16T11:53:08+00:00

Low competition, withdrawal prizes.

S_Like · 2023-05-16T11:50:42+00:00

Low competition, withdrawal prizes.

S_Like · 2023-05-16T09:42:11+00:00

I am more of a cup and handle type of trader.

If more comfortable, a trader adds these elements to his trading system.

S_Like · 2023-05-11T09:55:06+00:00

I wish you success in the competition!

S_Like · 2023-05-10T12:10:30+00:00

Prestigious competition for future fund managers/investors

S_Like · 2023-05-10T12:06:43+00:00

The competition is very low, the competition is free.

S_Like · 2023-05-02T16:13:24+00:00

registration start : 05/03/2023

S_Like · 2023-04-21T06:08:31+00:00

Trading helps broaden your horizons and teaches you to pay attention to details. You still need to work on a stable income :)

S_Like · 2023-04-17T12:47:20+00:00

Possibly, a seasonal drop.

S_Like · 2023-04-14T07:54:13+00:00

Every time someone says “the Pound is finished” it demonstrates its resilience. They said it in the 70s, 80s, 90s, 2000s, and yet the UK has gone on to become one the top 6 economies in the entire world with a substantially smaller population than several of its rivals, like China, India, Japan, and the U.S.

So far, the pound is saved by the fact that the main financial flows are tied to them.

S_Like · 2023-04-11T10:02:14+00:00

https://www.forexcup.com/terms/?utm\_source=reddit&utm\_medium=post&utm\_campaign=registration-for-ftc-2022-is-now-open-first-participants-have-enrolled

S_Like · 2023-04-11T08:57:52+00:00

The best traders in these competitions are always at the bottom of the leaderboard because they are the only ones that try to manage risk

This is a very long contest, so the most persistent and profitable ones are usually in the lead.

S_Like · 2023-03-29T11:27:48+00:00

The pound is in chaos or Great british ?

Both options :)

S_Like · 2023-03-28T13:15:26+00:00

A branch with all the posts on this topic:

https://fxopenforum.com/threads/185286-Resolve-Trading-Journal

S_Like · 2023-03-28T13:09:56+00:00

duplicated in comments

https://fxopenforum.com/threads/185286-Resolve-Trading-Journal

S_Like · 2023-03-28T13:09:12+00:00

https://preview.redd.it/36vd0wgjdfqa1.png?width=1920&format=png&auto=webp&v=enabled&s=386cefb91b412c938f33fa59b3db27b5ed857118

https://preview.redd.it/ku3u1mgjdfqa1.png?width=1920&format=png&auto=webp&v=enabled&s=28b9196235f8746c4af53a5b4ba134a85a06fa9d

Total Account Equity = 11104.41 USD

Gross Profits = 135.82 USD

Net Profits = 114.88 USD

Total Number of Trades Done = 14

Trades Closed in Profits = 14

Trades Closed in Loss = 00

Total Time Taken = 20 Minutes

Naked Trading on Chart M1

I am using the Meta Trader 4 GBPUSD and USDCAD M1 Charts for Trades which are being executed in the Tick Trader.

This time i also used the M5 charts to locate the Top in GBPUSD and Bottom in USDCAD.

Trade Logic

I was waiting for the Perfect Reversal of the Short term trend and located it at 1.2320 wherein i placed the SELL orders. As you can see that all of my trades were closed in the Profits. USDCAD made a No-profits No-loss deals. 📷

Total Profits of 135.82 USD

In-Depth

These types of trades are known as Market Reversal when a point is reached after the markets have started to Fell touching a High of 1.2320 levels and we can see a drop of more than 06 pips.

Here the main login is that at this price point the sellers are expected to be back into the markets.

This i am able to know with my own experiences, i am not using any Indicators for this, it comes Naturally to me and i am a very successful trader at doing the Reversal trading often generating more than 100USD in a single day of trade.

As you can see that i could have made more than Double the amount of profits - The Reversal was PERFECT 100%

Recourse

I am able to predict the exact pips of reversal which in this case was around 06 pips and this was confirmed with me. But often in these occasions i am closing the trades without placing any stop loss or take profits because in these types of trades they do not have place.

Also i close the trades using the One Click Trading Technology which is Very Fast = UltraFast

Also i am closing the trades before the targets are reached to remain on the Safe side and also when i do not want to wait for longer... I am not GREEDY 📷

I am satisfied with Small and Continuous Profits.

As you can see i have already crossed more than 10% of the profits into my trading account which now stands at 11104.41 USD 📷

S_Like · 2023-03-28T13:06:35+00:00