💭 Should you trade on news? When and how to take advantage of events in your favor?
📌Trading on news is a double-edged sword; it can either be your golden opportunity or the cause of a sudden loss!
1. News moves the market quickly:
Interest rate announcements, statements from the Federal Reserve, or even a tweet from an influential figure like Elon Musk can change the market direction in an instant.
2. Timing is more important than analysis:
In news moments, the speed of entering and exiting is more important than technical analysis. Beware: a delay of even a few seconds can cost you a lot.
3. Don't trade if you are hesitant:
If you are not mentally prepared and quick to decide, it's better to stay away during news times.
4. Use the economic calendar:
Always follow websites like ForexFactory or Investing to know the dates of impactful news in advance.
5. What's the best strategy?
Watch the movement after the news, wait for the first correction, then enter with the new trend instead of risking the initial moment.
Expert Tip:
The calm after the storm is the best time to profit!
Hashtags:
#CryptoNews🚀🔥 #TradingStrategies💼💰
#CryptoForBeginners #fundamentalanalysis
Next Lesson:
How to determine the general trend of a currency before opening any position?
❤️ Follow me and leave a good mark 🩵