FA CONSIDERATIONS
FA CONSIDERATIONS
When trading it is always important to be aware of when Fundamental
Announcements are to be released, however this is most critical when
scalping.forex sato
If you are engaged in a large trade with a stop set say 100 pips away then a
minor glitch from a Fundamental might not affect you significantly. However
if you are highly leveraged in a trade through scalping then even a small
Fundamental can have a huge impact to you.
When scalping ALWAYS KNOW WHEN A FUNDAMENTAL WILL
HAPPEN. If it is a big Fundamental then either get out of the trade before the
time it occurs or be sure to use the broker I suggest in the eBook “Forex
Sailing”. Always be wary of the NFP on the first Friday of each month.
Generally what I do when I’m in a profitable trade but see a minor
Fundamental coming up is that I tighten my stop a few minutes before the FA
is to be released. This way if the market moves against my trade in reaction to
the FA then I’ll quickly get stopped out, securing most of my
profits. Sometimes (more than roughly 50% of the time) the FA will move
the markets in the direction I’ve been trading, and when this happens you
simply gain some more profits.forex sato
Most of the time most Fundamentals are “duds” and you’ll barely notice any
effect from them. Despite the fact that most of them will not do much you
should still protect your active trades before expected Fundamentals because
you never really can know which one might behave more dramatically.
forex sato
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