Please don't take the headline literally. There is a whole lot more tips that experienced traders can give you. But today's 3 things are the last in our beginner series. Without further ado, here are the last three tips.
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News trading strategy is among the most intriguing in all financial markets, from crypto to Forex. Often, traders with small banks suppose that they can use the news to get profit, but they forget that big players receive news much earlier, and the price of an asset is already taken into account on the chart when the information is first published. That's why you must be selective in the information and understand how to trade news in Forex.
News trading attracts millions of traders because some major events can move the market 100 pips at a time or more. This is a unique opportunity to earn hundreds of dollars on one trade. However, if you want to learn how to trade news on a professional level, you should start by understanding what economic indicators are, how and to what extent they affect the foreign exchange market. Let's dive in together.
Slippage happened to all of us. No matter whether you trade currencies or stocks, commodities or crypto, slippage exists in these markets. Slippage is a common situation in crypto, as it is one of the most volatile markets, but it's also typical in Forex. That's why you have to know how to deal with slippage.
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