I am quite new to the forex market, been trading for almost a year now, have tried all the possible indicators and lately found Henry Liu's news trading signals. He's got these methods called trading the spike... HOW THE HECK DO YOU TRADE THE SPIKE?? I made the biggest loses like that :( Is it worthed trading the news? Or do you guys trade the after news release to see in which direction does the market goes? And how do you do that? Do you use indicators, if so which ones? I have a micro account of 200 usd. And really need the money. Please advice! ;))
If you want to trade the news you should start out slowly.
First you need to know what day & what time the regular news events are released. This is the biggest hurdle. Trying to remember when they come out while you are trading can be a real pain.
I use a free tool that puts the news releases right on my desktop in order of release time.
It even translates the news releases times into my timezone and alerts me with an alarm just before the news is released. You can get it at http://www.forexnewsclock.com
How to trade the news releases? Help a newbie
in General Forex Discussions
Posted
Trading the news
If you want to trade the news you should start out slowly.
First you need to know what day & what time the regular news events are released. This is the biggest hurdle. Trying to remember when they come out while you are trading can be a real pain.
I use a free tool that puts the news releases right on my desktop in order of release time.
It even translates the news releases times into my timezone and alerts me with an alarm just before the news is released. You can get it at http://www.forexnewsclock.com
;)