New traders often seek to profit from the wild swings in the market, especially when news breaks. However, this is almost impossible to accomplish. News events may seem like a quick way to cash in, but the risks are high. There are countless unpredictable factors that make accurate forecasting nearly impossible.
Even if you correctly guess whether the news will be good or bad, predicting the market's reaction is another matter entirely. Trading on the news is a gamble where the odds are not in your favor. #Tradingwithmind #TradingTipOfTheDay