Misconception about Trading News

Project Forex & Brokerage 5BKP24RS6NCR Misconception about Trading News

- News Trading is a quick success in Forex.
- News Traders only need to be online 10 minutes when news was released and gain a lot.

Assumption above usually have in mind the new Trader News:) Although News Trading has a far smaller risk than other methods but is not as easy as turning his hand to succeed as a News Trader. It takes hours of flying high, experience, and speed in thinking to be successful as News Trader.

Observed one by one characteristic of all tradeable News is the first thing to do a News Trader. And this will cost, determination, willing to sacrifice their time and willingness to learn and gather historical data of each news. So a fickle do not expect to succeed as News Trader. Make News Trading as one of your appendages at the trading system.

- News Traders do not need to learn Technical Analysis.
- News Trading does not need to pay attention to trends, because of news events can change the trend.

No one ever denied "Traders Trend is Friend" because that's the reality. It is usually caused by a number direleasenya Economic Indicators can make currencies move against the trend but it is certain that it is temporary. Therefore, observing the prevailing trend and see the current market sentiment News about released is a must so that we can be more vigilant when it comes to a reversal occurs.

Knowing a valid Support and Resistant too, a necessity, especially when we are dealing with News Class II, is almost certainly the effect of such news would not be able to penetrate the numbers support and resistant to the possibility of reversal is also very high.