Thursday, December 3, 2009

Trading news- Good or Bad

Hi forex traders,



Trading news is one of the dangerous adventure i dont advise forex novice to embark on.Before entry a trade, forex trader should look up for the news that are coming out for the day at one of these forex news site, preferable forex factory. if you in trade and there are very important news that want to come out, you should kindly exit your trade and continue whenever the news as come and gone.




Do not trade the news if you are not expert because the news can wipe away all your hard earn income you have earned. the chart above shows the unemployment claims that came out this afternoon 2:30GMT and the candlestick first came dowm momentarily from 1.51207 to 1.50823 about 38pips for the first three minute and later reverse back to 1.51403. that is whipsaw which can cause havoc on beginners trading capital. I trade the news and make just $300 and within two minute, i exit the trade and added my profit to my capital.

to your success.
David Olushina

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