How to trade fundamentals (AUDUSD BUYS)
Hey traders!
A common question I get is, do I trade fundamentals??
-From my experience it is to hard to trade off the back of data releases as the moves are to quick to happen and usually get very messy...
-Fundamentals I believe just help push a currency in the right direction as technicals give us the entry points to catch these moves
-For me its a rule to always have my stop-loss at breakeven when trading around the times of any news event or data release.
-It is important that we always know when a big event or release is coming out to cover any trades we currently have running or are about to open, price can move so quick and cause slippage on accounts especially if you are over leveraged.
-So the answer is I do and I don't trade fundaments, the aim of the game for me is to already be in a position with stops at breakeven to catch the bigger move but also protecting my account at the same time, at the end of the day we never know what's going to happen and price can do some wild things...
......... fundamentals overall control the market but technicals provide us with the entry points and create market structure.........
A common question I get is, do I trade fundamentals??
-From my experience it is to hard to trade off the back of data releases as the moves are to quick to happen and usually get very messy...
-Fundamentals I believe just help push a currency in the right direction as technicals give us the entry points to catch these moves
-For me its a rule to always have my stop-loss at breakeven when trading around the times of any news event or data release.
-It is important that we always know when a big event or release is coming out to cover any trades we currently have running or are about to open, price can move so quick and cause slippage on accounts especially if you are over leveraged.
-So the answer is I do and I don't trade fundaments, the aim of the game for me is to already be in a position with stops at breakeven to catch the bigger move but also protecting my account at the same time, at the end of the day we never know what's going to happen and price can do some wild things...
......... fundamentals overall control the market but technicals provide us with the entry points and create market structure.........