2.68% profit in just 24 minutes today | Red news forex trading
2.68% profit in just 24 minutes today, red news forex trading.
Forex trading red news events can seem a little daunting for many traders who are just starting out. It needn’t be. I hope that by watching this and the other red news trading videos, you’ll see that by using the strategy that we do, it can be a calm and relaxing way to trade forex.
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Some pointers for successfully trading red news events:
Many traders feel nervous, stressed and tense when trading red news. This will be due to the often volatile moves and the fear of losing. There really is no need to feel that way. What’s the worst that can happen if your trade goes against you? You’ll get stopped out. But that really doesn’t matter if you have followed the rules surrounding your risk management.
The key factor behind taking a red news trade or any other trade for that matter is that you shouldn’t feel any kind or discomfort or angst. The key factor behind doing away with those negative feelings is to ensure that the amount that you lose should the trade go against you is well within your overall plan regarding your risk.
If you find yourself with feelings of regret whenever you get stopped out, reduce your lot size to an extent that it doesn’t hurt to lose even if this means cutting back to a 0.01. You can always increase this once you are seeing more winning consistency in your trading.
That fear of losing will be a real stumbling block if not removed. Once you get to a point where the losses are an expected part of your trading plan, even the tension and stress that news trading brings on will disappear.
#ForexForBeginners2019 #ForexPriceActionDayTrading #RedNewsTrading
This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. The cost of the product will remain the same. I won’t recommend anything here that I haven’t verified and/or personally use myself.