Some say do not trade during the news because the movement is unpredictable. Again big news time like NFP, FOMC, or central bank monetary policy setting.
There are also traders who focus on this big news because they want to set nets, he said. Hahaha..for those who do not know what to set the net, he is actually a rather risky straddle technique. You can google the straddle technique.
But it is not a 'netting' technique that we want to talk about here.
We want to share that ‘News Is Not To Avoid’ but to be part of our analysis.
If you want to follow too much news that is released every day and you really can not avoid it. If not news at the forex factory, there is much other news such as Trump's comments, North Korea's comments, natural disasters, and others where all of them are not even in the forex factory. Surely many of you have been exposed to this news, and that is why we say you can not avoid the news.
So what do you need to do?
You have to check the news or important data released every week on Monday. Mark important news, especially the red ones, so that you know when to monitor the chart and see the effect of the news on the market.
Make sure you know the current sentiment of the currency you want to trade or else all currencies are good. Because once you know this sentiment, you can make a choice, which pair you want to trade.
Many ask this NFP news for how long the effect? Honestly, if I knew how long the effect would be on the market, I would have been rich for a long time, haha. Just what I want to emphasize here, as long as that sentiment does not change as long as that is his impact on the market. Therefore, I do not want you to always follow the current sentiment is most easily get the news in Kakiforex.com
Only, technical analysis is very important for us to blend with these fundamentals/sentiments.
When we learn fundamental analysis, it does not mean that we continue to ignore technical analysis. Technically important for us to determine where we want to buy or sell and target TP (take-profit) SL (stop-loss). If you only use fundamentals, it is like you enter a forest without carrying any clues like a map, eventually straying in the middle of the road.
Good luck to you all!
