News trading

Expert opinion: when you look at a calendar of economic news, focus on the indicator of a news story's importance. First of all, choose the most significant news for the market.

Expert opinion: if you're trying to make trades to get results as quickly as possible, the news is one of the few instruments that will help you do this. Prices shift very quickly when new information is released.

Expert opinion: even if you aren't planning to use a "trading on the news" strategy, you still have to know when important news is released as it can affect your open trades. If your target levels of profit and risk are far from the current price, there's nothing to worry about. However, if there's a chance they might be reached following post-news price fluctuations, you'll want to consider:
● closing the trade 30 minutes before an important news story is released
● changing your take profit and stop loss orders to reduce potential risks