Top Tips for Trading News

Some traders rely on news signals from other traders to jump on the most volatile events out there, like N.F.P, C.P.I, and P.P.I. Pretty funny, right? But hey, you're a trader too. But here's the thing... how long are you gonna keep depending on someone else's signals? Sometimes, the news can go the opposite way. Then what? You’ll end up making excuses like ‘manipulation’ or saying you’ll trust another signal provider next time. Seriously, guys, slow it down. THE BEST WAY TO TRADE HIGH IMPACT NEWS... From my own news trading experiences, I've faced a fair number of losses. Even though I'm a Fundamental trader, there were times I just blamed manipulation. But think about it how do big banks manage to manipulate during those crazy spikes in just seconds? It’s not because they’re that fast. The real deal with news trading is TECHNICAL ANALYSIS. Some of you might be surprised or skeptical about this. But it's true. Some people claim that news disregards technical analysis, but they’ve got it all wrong. You might not see it now, but once you gain some experience, it’ll all click. A QUICK EXAMPLE OF NEWS AND TECHNICAL ANALYSIS Imagine the market is climbing (like XAUUSD). It breaks a structure, and then it wants to retest an order block about 25 pips below the current price. Now, there’s N.F.P news dropping in 5 minutes, and the forecast looks worse than the previous. And you're thinking about trading XAUUSD.