News trading is one of the riskiest strategies in Forex. However, this method is very popular for a variety of reasons:
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.
The answer is simple - there is no way. You can’t completely get rid of slippage. However, you can learn to coexist with it. Let's take a look at what slippage is, where it comes from, and how to reduce the chance of its appearing.
Friday is a special time for all market participants. Most traders close their positions and prepare for the upcoming weekend. Due to the unique behavior of market participants at this time, you should definitely have a separate trading plan on Friday.
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