Hello traders. I want to ask for opinion. About trading on news.

More often, i see after big news especially eurusd, like nfp and fomc, the market will be very volatile.

But usually and generally, it will move in one big direction, either up or down after the news. Problem is, we seldom can accurately forcast where it will be heading after the figure came out. Up or down? We see many traders lost thier money because they open position hoping to profit in one direction After the news.

To overcome this, could we open buy and sell position before the news, and when we hv confirmed where is the msrket is heading, we close the position tht is against us and let the other one ride the trend?

Example, open buy and sell at the same rate, same allocation and same leverage, when we see sudden jump upwards like 20 - 30 pips after the news, we close the sell position at lost and let the buy ppsition ride the trend.

Theoritically seems plausible. any1 done it before? Or izzit also a recipe for disaster?

you dont have a Relationship manager?

its entering 2nd week... will be done in 1-2 days time..

Lets see after next Monday

Hello traders. I want to ask for opinion. About trading on news.

More often, i see after big news especially eurusd, like nfp and fomc, the market will be very volatile.

But usually and generally, it will move in one big direction, either up or down after the news. Problem is, we seldom can accurately forcast where it will be heading after the figure came out. Up or down? We see many traders lost thier money because they open position hoping to profit in one direction After the news.

To overcome this, could we open buy and sell position before the news, and when we hv confirmed where is the msrket is heading, we close the position tht is against us and let the other one ride the trend?

Example, open buy and sell at the same rate, same allocation and same leverage, when we see sudden jump upwards like 20 - 30 pips after the news, we close the sell position at lost and let the buy ppsition ride the trend.

Theoritically seems plausible. any1 done it before? Or izzit also a recipe for disaster?

Hello traders. I want to ask for opinion. About trading on news.

More often, i see after big news especially eurusd, like nfp and fomc, the market will be very volatile.

But usually and generally, it will move in one big direction, either up or down after the news. Problem is, we seldom can accurately forcast where it will be heading after the figure came out. Up or down? We see many traders lost thier money because they open position hoping to profit in one direction After the news.

To overcome this, could we open buy and sell position before the news, and when we hv confirmed where is the msrket is heading, we close the position tht is against us and let the other one ride the trend?

Example, open buy and sell at the same rate, same allocation and same leverage, when we see sudden jump upwards like 20 - 30 pips after the news, we close the sell position at lost and let the buy ppsition ride the trend.

Theoritically seems plausible. any1 done it before? Or izzit also a recipe for disaster?

So you are saying BUY & SELL @ same price?

(1) Don't think you are able to get same price due to the spreads,

(2) Assuming you are able to get the same entry price for BUY & SELL, then price moves UP by 30-pips and you close SELL position for a loss -30pips. Whether price will continue to move UP is another matter. But every time you will have a REAL LOSS in hand of 30-pips if you trade this method.

Since you plan to close the wrong position AFTER a 30-pips movement, then you might as well wait for the price to move 30-pips either directions and SELL or BUY depending on the moved direction .... meaning only 1 position.

You should look at using BUY-STOP & SELL-STOP.
Say the current price is 1.0050. Set BUY-STOP @ 1.0080 & SELL-STOP @ 1.0020.

Just my opinion, though.

Do you know why fxprimus start to decline Malaysia account ? I found it when i start to open a practice account as below
https://account.fxprimus.com/en/open-an-acc...ractice-account .
In additional to that, if I enter main fx primus website, there is pop-up window blocking Malaysia IP  to see the content of website. The pop-up window refer us to another link based on the reason that they are migrate in order to get CySec regulation. Even though the pop-up window said it last for 1 week, but it has been occurred there more than 3 weeks. My main point is how can a newbie willing to open account if he cannot see and read thru the content of main website ?

Give Alpari a try?

Anyone uses them btw and are we allowed to advertise/introduce as broker here?

Thanks!

Why would you reccommend Alpari after what happened recently?

Sorry, may I know what happened to Alpari recently as I've been using them for a while now with lil problems - deposit/withdrawal was smooth.

However, I've only been with them for a short 3 months at the moment so any sharing on it would be much appreciated.

Thanks.

right now Alpari is entering into insolvency..

Mean bye2 soon.. get your money out now!!!

FXPRIMUS or FXCM..which one is reputable and easier interms of Deposit & withdrawal?

FXPRIMUS or FXCM..which one is reputable and easier interms of Deposit & withdrawal?

how about FXCM?

You mean FXPRIMUS, right?

My trades for the day