As we all traders know that major Economical news release make a huge change in the market. But it is almost impossible to be sure about the direction. Most of the time price fluctuates in a huge range in both sides. So the trader who has a short stop loss they will be stopped out though the market may go to their direction ultimately.
Now When I trade news I first decide which way market should go. Then I place a trade on my direction 15-20 minute before the news release & try to be in the money before the release. Then I try to put a stop-loss close to my entry. Now if the market goes in my side I will make a good profit or I will stop out with little or no loss. Ta Da
Now When I trade news I first decide which way market should go. Then I place a trade on my direction 15-20 minute before the news release & try to be in the money before the release. Then I try to put a stop-loss close to my entry. Now if the market goes in my side I will make a good profit or I will stop out with little or no loss. Ta Da
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