Trading the news in a simple way. Part 2.

Hi there!

In today’s article I will continue talking about trading around the major news announcements. As you remember from the previous article, reading market sentiment is more important for a short-term trader rather than trying to analyze long-term fundamentals.

Now, as I’m writing this article, it’s 2 hours left before the ECB interest rate decision. What about the current price action? We see that it grows…

 

 

 

 

How do you think – why a price of a currency pair (an asset) grows in a face of uncertainty?

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4 Popular Myths About Trading

Professional trading is covered with lots of misconceptions, myths, and unrealistic expectations. It’s very hard to achieve a goal grounded on false premises. If you heavily underestimate a number of resources needed to achieve your goal, you would sooner or later meet disappointment, feeling yourself betrayed. That’s why it’s time to uncover some of the myths around trading.

I wasn’t working on top positions for leading banks or hedge funds, i.e. my understanding comes from individual trading and my own experience/observations. Yet, some of my friends work for relatively large financial institutions, and I have pretty clear understanding of what they do there.

My assumptions in this article are not based on serious research and statistical numbers. I will rely on what I know and what I believe is true.  […]