Tip #2. Rules for working on the news

Today I would like to consider the topic of working on the news. This trading method is very popular with beginners. They often think that they have understood the whole essence of the market and its movements, that they control the situation and are aware of possible risks, relying on macroeconomic data, which is partly why they lose their deposits so quickly. If you find it hard to cope with the excitement and greed, if you know that you can miss the release of important news and have a day off, then think about whether or not this analytical method is really for you, or at least follow these simple rules, which will surely save your money and nerves.

1. the most important news are the following:

• Interest rates - the decision of the country's Central Bank on monetary policy;
• GDP - Gross Domestic Product indicator,
• Unemployment - labor market data,
• Non-farm employment - the most dangerous and expected news, leads to strong movements on the market. It comes out on the first Friday of every month at 16-30 Moscow time.

The rest of the news has been going out erratically lately, so you have to check the calendar.

• Before each week begins, carefully review calendar of events and mark for yourself when important news is released.
• Before the news is released, close all transactionswho have gone on the plus side, even if it's only a small one.
• If you have a hanging losing tradeIf you are not sure, there is always a chance to win it back on the news, so put a stop behind the nearest level in case it goes against you.

• Never place pending orders to either side of the current price, it's a huge risk to ground yourself in lock.
• Located at off the market 20-30 minutes after the news release, then open a trade. This is how long it usually takes for the market to decide how to react to the news.
• If it is difficult to understand the reaction of the market to the news, it is necessary to wait shedding light on the situation. To do this, it is necessary to mark the area of the news release with levels and wait for one of them to break through. In such cases, it is necessary to have patience, it is one of the main qualities, which is very necessary for a trader.

• Keep an eye on spread, many dealers expand it to enormous proportions at the time of the news.
• Remember, only in at ease You should open trades, and a too active market makes you nervous and makes a lot of mistakes. You will have to pay for every mistake. I hope these simple but very important rules will help you cope with the fundamental method of market forecasting.