GM! Traders and investors
HOW TO DEAL WITH NEWS IN THE FINANCIAL MARKET.
To be able to trade safe and be in good profit, the first thing to check is your economic calendar. You need to know what news is coming up . As a trader you need to be aware of this factor. You can always make a good technical analysis to get informed decision but without the knowledge of the news, its 70% that you can lose your trade. The news has higher impact on the financial markets. Hence , all economic news should be considered first before entering a trade.
To deal with this issue as a trader , itâs suggested either you close all your positions because nobody knows where the market is heading downwards or upwards. But you can always trade the news and all is about your smartness and your own personal research.
The initial jobless claims yesterday,made a higher impact on the financial market , a lot was asking why ,how did the market move like that. As a trader you should know how the financial market operates.
Itâs not always the economic news that manipulates the market, institutions,large crypto companies and large groups of investors. Sometimes they move the market and its all because they are Buying or selling to take profit. And as a trader you should be more smart to win against them.
Am not a financial advisor , you should always do more research.
Like ,follow,share and comment âLetâs goâ so i can bring you the next episode of my Fundamental support and resistance as we learn and grow together. Never think of getting rich quick but patience and trust the process.
âŠLJ!
