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?

Nobody use "social- based" forex broker?

Another fast way to understand trading is by copying experts. See how they trade, copy their trades while learning why they open or close the trades. AT the same time, learn about technical indicators. But of course we need to identify a good trader first.

That is how i started, by "learning through example" first. Now my return is always better than the person i copied.


200 pips....very tempting