just a Wild collection of links contributed by our gang members.
There is a large confusion about news results and trading them.
Having large orders ready to go seconds after news hit. Can be very profitable.
but never step in the trap that the news results do actually matter in this moment!!
There are a few things you should know and consider about news.Full Article
Futures & Forex trading in a 24/5 Market environment.
additionally, Forex is not traded through exchanges.
which means at some stage data have to be “synced up”, bookkeeping has to be done (accounting stuff) and so on.
or in other words, Greed Kills ! as the market will tell you where it will likely to go, not your Profits/Losses!!
why? if you enter late, your position size will be smaller, because you will need a wider stop point (not really a big thing, just the reward is smaller, and the time the trade is “red” may be longer, nothing that can kill us, and in the end ist money being made.
but if you exit too late (or greed makes you stay in the trade),
especially in smaller timeframes, that can have Fatal results.
as widely taught by educators, Traders and whoever,
the easiest way to protect from losses is to use a Stop-Loss Order.
This will close your trade at a certain price to limit the loss in case the trade becomes invalid.
Just like finding entries, it is even more important finding exits.
Especially if a Day-trade turns into a swing trade.
Swing trades usually carry much smaller size because the stop-levels are much wider.
Using the same size on a much wider stop would massively increase the risk of the trade.