Forex Wave Expert
Nu Alessio
Hello all, I want to make adjustment in my trading system, I want to avoid trading around news realise period.
I want to know how long I have to wait before opening a trade after a MEDIUM IMPACT NEWS release, and i also want to know when I need to close an open trade before a MEDIUM IMPACT NEWS release.
As for HIGH IMPACT NEWS release for a particular currency, I just avoid trading that currency for the whole day.
I also want to ask if it is necessary for me to pay any attention to low impact news.
I use this site for my news advance advice.
If you sign you for a free account you can filter the news buy color and other areas of non interest. I only maintain the Reds and oranges. While most of the oranges are not big movers some are.
Trading times can greatly determine your success in the forex market. You must ensure that your entry and exit points are as far as possible with the times of major news releases. To be safe, just avoid news, both major and low-impact news. It is always safer that way
I have found no impact of news on price. Any fluctuations in price after a news event conforms to movements expected by price action analysis. Banks use news events to accelerate the market in order to position it where they wanted it go all along.
Depends on the broker, I think. From my experience it starts around 2-3 minutes before the news and ends 2-3 minutes after.
To be safe, manage your trades 20 mins earlier, sometimes news hit you like a wave wiping everything out.
Trading news is harder than you might think. Why? The primary reason is volatility. You can be making the right move but end up being stopped out or the market may simply not have the momentum to sustain the move.
i have since been onto the company that provide them . that is forexsignals.com they say that the reason for this is because of the () suffice next to the forex currency pairs on the market watch window of the MT4 platform i have tried n an IC Markets demo account as they do not have the () suffix and the Expert Advisers work Perfectly is there any way you can help or we can remove the suffix please as using these expert advisers is crucial to my trading
We can't necessarily 'remove' the symbol as that's what allows you to trade from in your jurisdiction and confirms the type of account you have. Hypothetically, if we removed the () suffice next to the forex currency pairs, clients would not be able to trade at all. Unfortunately there isn't much we can do to assist. I do apologize for the inconvenience.
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