Forex News Trading - Don't Trade the News

Why you should not trade news.

Many traders get caught in the trap of trading news via an analysis of each economic report that comes out and tries to guess what the market will do in response to it. It is very easy to develop this bad habit if you do not have a clear picture of why trading the news is dangerous and will be meaningless. If you are basing your decisions trading off what they think will happen after the economic reports coming out than they were just guessing, and really have a better chance of winning trade than if you were to flip the money. Let's discuss the reasons why trading news can be one of the worst things you can do for your trading account.

First of all, to move markets on expectations of future events, often as the actual event happens, or press the move was more or ready to roar back the opposite direction to the news report implies. That is why you May have heard the term "buy rumor sell the fact". However, it is very easy to get sucked into the trap myself focusing on one specific economic report, which looks like it could really move the market in a particular direction. Once you are convinced that what you expect to happen based on the news event is what most likely will happen, basically dug his own grave for your trading account.

can avoid this whole trading news trading trap by remembering two things, price action reflects what is happening in the market, and prices are contrarian. Price action analysis will probably show the direction the market is expected before the financial report was released. My Forex trading course will give you specific settings and unique way of looking at the market through price action analysis that will allow you to make your trading decisions based off the actual hard data and reflects on the map. Price action has all the information you need to be a successful forex trader. No need to analyze every economic indicator and pull the hair out of frustration trying to figure out what will happen sljedeći.Jedina thing you need is price action analysis. I have consistently benefited from price action for years without even so much as thought on economic issues.

Prices in any market are inherently contrarian. This means that the price will usually do the opposite of what seems logical to happen next. That is why many beginning traders have so much trouble and wasted all his money and then some. You really need to understand that often when it seems safe to enter a trade, or the market is breaking to new highs and new lows, it is the exact time amateurs get on board because they feel unsure about entering. They are trading off the emotions because they have no real game plan or trading strategy. Price action will advise you when you move it run its course or when the dominant trend is ready to continue. There are certain price action strategies that I show in my forex trading course that will give you the edge you need to survive and thrive in the contrarian world of Forex trading. I can tell you from personal experience if you try to trade based off emotion without real education in the price action will end up buying tops and selling bottoms. Markets are by nature extremely contrarian and the only real way to read what the charts are telling you is analyzing and developing methods of trading around the price action.

My price action trading course is designed to give you the knowledge you need to trade in the market. We've all heard the acronym KISS, keep it simple, stupid, but it is very relevant and applicable to the trade. There is so much misinformation out there and so many people trying to sell you crap you do not need to be a successful trader it is no wonder most people lose money trading and end up quitting. Price action analysis will guide you from the inside market, often over looked and under used, it's really all you need to consistently profit in the markets. Stop losing your money, turn off CNBC, and stop giving yourself the analysis paralysis trying to keep up with every bit of economic news. Instead, get yourself a solid education in and that's all you'll ever need to unlock their potential market.