"I'm trading (trying scalping) on GBP/JPY pair.
When I lose, I lose around 40 pips, and when I win, I get only 6 to 10 pips. Since I'm new to forex, I can't expect how the important news/annoucements will affect the trend.
How do you know or find out, if the trend will be bullish or bearish based on those important announcements (in this case GBP/JPY)? I'm reading the calender and posts, but still I can't understand what they are saying properly"
When I lose, I lose around 40 pips, and when I win, I get only 6 to 10 pips. Since I'm new to forex, I can't expect how the important news/annoucements will affect the trend.
How do you know or find out, if the trend will be bullish or bearish based on those important announcements (in this case GBP/JPY)? I'm reading the calender and posts, but still I can't understand what they are saying properly"
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