Forex Trading Australia
Trading forex news is an integral part of the market activity of trading participants. When you need to access or provide personal and private information over the Internet, such as credit card numbers, bank account data and trading account information, the security of your data from unwanted prying eyes who might misuse it becomes paramount.
But, to the trader who always protects their downside, adheres to strong money management, and protects their account by avoiding the number-one mistake forex traders make, news announcements can offer compelling opportunities for a lot of movement in a very short period of time.
A hedged position is one that has reduced or no theoretical market risk associated with it. Although not available to all traders due to legal restrictions in some jurisdictions, such as the United States, some forex news traders might use a hedged position over a news release in which they simultaneously take both a long and a short position in a currency pair that might be affected by the release.
If you want to learn how to read and trade solely from the market’s price action, my price action trading course will give you specific setups and a unique way of looking at the market via price action analysis that will allow you to make your trading decisions based off the indisputable price data reflected on the chart.
I can tell you from personal experience that if you try to trade based off emotion with no real education in price action you will end up buying tops and selling bottoms, which is what losing traders do. Markets are by nature extremely contrarian and the only real way to read what the charts are telling you is by analyzing and developing a trading method around price action.