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Try To Avoid Trading The News At All Costs!

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November 13, 2019

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“Trade What YOU See – Not What You Think…”

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Even though the 4X Pip Snager2 system is based off Technical Analysis, you

must also learn the effects that news has on the Forex Market. I suggest

avoiding times of major news announcements as they can have major effects

on prices. It is not uncommon for news announcements that can cause 100 to

200 pip movements in a matter of minutes. Sometimes in just seconds!

Don’t Trade News Events When Trading Forex!

.While this may sound appealing in a profitable trade, if it goes against you,

it can cost you equally! I typically recommend waiting at least 5 to 10 minutes

after the announcement to allow the Forex markets to choose a direction and then

consider placing a trade if you see the correct setup.

Practice With Paper Money Before Trading Forex With real Money!

Practice this heavily with a demo account before ever entering with real money.

If you are in a trade right before the news, it is suggested either tightening up

your stop or just closing out your trade. Do be warned that it is very common

that stops and entries are not respected by many brokers during these times.

It is much safer to avoid them completely. DO NOT TRADE THE NEWS!!!

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