Trading news in a perfect way

That's not entirely accurate, Ethan. It's not necessarily about broker restrictions. Rather, trading news events is often avoided due to the unpredictability and heightened volatility surrounding these events. It can be difficult to execute successful trades consistently under these circumstances.
 
Traders With Edge said:
That's not entirely accurate, Ethan. It's not necessarily about broker restrictions. Rather, trading news events is often avoided due to the unpredictability and heightened volatility surrounding these events. It can be difficult to execute successful trades consistently under these circumstances.
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I see. what you saying is totally rational and make sense but why still people (a lot of people) do it?
 
A slow and steady pace will win the race. Keep your risk managed; use fixed risk per trade, any trade, no matter how good the opportunity is.
Use at least 1:2 risk to reward ratio, or more will be better, cut your losses small and hold on to your profit.
You will get to the moment that it's easier to accept loses than to hold on to profit, but you will get there, it's a process, just enjoy it.
 
Traders With Edge said:
A slow and steady pace will win the race. Keep your risk managed; use fixed risk per trade, any trade, no matter how good the opportunity is.
Use at least 1:2 risk to reward ratio, or more will be better, cut your losses small and hold on to your profit.
You will get to the moment that it's easier to accept loses than to hold on to profit, but you will get there, it's a process, just enjoy it.
Click to expand...
How do you set your risk-reward ratio and decide when to cut losses or take profits? Any specific signals you follow?
 
LJ_Kon said:
How do you set your risk-reward ratio and decide when to cut losses or take profits? Any specific signals you follow?
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Hello, depending on the pair, I use a fixed stop loss of +/- 15 pips; the 15 pips rule was discovered through research and trial and error. According to me that is the perfect number for my strategy.
But different traders and different strategies might use different rule, you need to research by yourself your risk rule, also your take profit rule.
 
Traders With Edge said:
Hello, depending on the pair, I use a fixed stop loss of +/- 15 pips; the 15 pips rule was discovered through research and trial and error. According to me that is the perfect number for my strategy.
But different traders and different strategies might use different rule, you need to research by yourself your risk rule, also your take profit rule.
Click to expand...
Hi, so you have a fixed stop loss of +/- 15 pips. How do you determine your take profit level?
 
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