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Trade the News: Worth the effort?

Trade the News: Worth the effort?

This article will discuss the pros and cons to trading on financial news. These are the topics:

  • The experience and time required to keep up with financial news.
  • Creating risk-reward situations around news releases
  • Being aware of your emotions when unanticipated events occur.

Is it worthwhile to trade financial news?

There are two main camps of opinion. One group believes that news is ineffective for trading decisions. Another believes news is crucial for trading decisions. In the middle is the belief that trading decisions are important. may News can affect market sentiment, particularly big news.

Regardless of your opinion, there are two important things you need to remember when trading news: experience and time.

Time and experience

The importance of gaining news trading experience can’t be overstated. However, the problem is that learning in the financial markets can be a costly lesson. But there is a way around this. Before opening a Live Account, it’s wise to start learning on a Demo Account, which features realistic market conditions without risking your own capital.

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