In this article, we will focus on fundamental analysis and how you can succeed with cryptocurrency trading
by trading the news.
As most of you know by now, I strongly believe traders should study charts and should
avoid trading news & fundamentals like the plague.
However, given the volatility that those events can create, I can see how
trading news events could be profitable with the right system.
Some of these tools include the economic calendar, which is an invaluable tool for traders
who trade the news.
In trading, objectivity is key and this is why I am generally
against trading the news or paying too close attention to fundamental data.
Often times traders get caught up trying to
trade the news combined with their overly complicated multiple indicator method.
As most of you know by now, I strongly believe traders should study charts and should
avoid trading news & fundamentals like the plague.
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We've talked
about trading the news in the past, but when you recognize that volatility is a larger factor than normal, you need to pay even closer attention to your news feeds than you typically do.
I was one of these traders and lost
10k trading news / fundamentals along with technical indicators.
Milton Griepp the CEO of ICv2, a pop
culture trade news site said «Year to date in 2017 graphic novel sales are down about 11 %, while comics are down 9.9 %.
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In
other trading news... I'm trying to be more proactive about closing short puts and calls that are close to worthless and opening new ones farther out and closer to the stock's current trading price.
This is in direct contrast to many other trading strategies or systems out there that might require a trader to trade with numerous different indicators while trying to
trade the news at the same time... it's pretty hard to become a «specialist» of such a messy and haphazard trading style.
There was one bit of
comforting trade news today: the White House played down President Donald Trump's threat of a so - called reciprocal tax on trade, characterizing it as an offhand remark with no imminent policy plan attached to it.
Here is sort of a strange story about a money manager who thinks that robots will eventually dominate trading of straightforward liquid assets — «Algorithms are already reading, processing, and
trading the news even before the photons have hit your retina,» he says — and that the right approach for human money managers is to put their clients» money into weird illiquid stuff where the computers can't compete:
The post When US Fed Hikes Interest Rates, Expect Market Volatility appeared first on
Live Trading News.
In other
local trade news, The China Securities Regulatory Commission (CSRC) officially issued the «Administrative Measures for Foreign - invested Securities Companies» as expected Wall Street access comes along with the usual amount of Mainland Administrative Red Tape.
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Carlton trade news: Blues» main rivals interested in Matthew Kruezer... The Recruit: Johann Wagner signs with Port Adelaide after winning the reality TV series
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Melbourne trade news: Demons delist speedy midfielder
Subsidies have sparked an explosion in the number of Chinese language robotics corporations from 200 to round 815 in two years, in accordance with OFWeek, a Chinese
robot trade news website and research middle.
Consider China, a country of 1.3 billion, which consumes 3 billion plastic bags daily, according to
China Trade News.