For example you have 2000$ on your trading account and you can see high priority news(AKA red news) is coming in few hours. You must choose one direction and you positon must be high roller. If you can pick right direction you will gain 70 pips and double your balance. If you are wrong stop loss will hit and you loss half amount of your balance. What is your experience related to news trading?
To me it is very risky in doubled your risk capital on just a trade base on news. I try to used this method when I was trading binary options with 24option and I loss a lot.
Topic: Did you ever tried to gamble with news trading? (Read 308 times)
For example you have 2000$ on your trading account and you can see high priority news(AKA red news) is coming in few hours. You must choose one direction and you positon must be high roller. If you can pick right direction you will gain 70 pips and double your balance. If you are wrong stop loss will hit and you loss half amount of your balance. What is your experience related to news trading?
To me it is very risky in doubled your risk capital on just a trade base on news. I try to used this method when I was trading binary options with 24option and I loss a lot. 
This type of gambling is just like playing in casinos where if the news what you are expecting dont appear then what ever you have taken position according to that news will give you loss. Same thing also happens in sports betting also and that goes like 50 50 % chances as if the news of the main player not playing comes and if he is really not playing then what ever the position took will give your profit, but some time what happens that even if the star player is not playing others perform very well and the result goes opposite.
So this type of gambling is luck based
So this type of gambling is luck based
For example you have 2000$ on your trading account and you can see high priority news(AKA red news) is coming in few hours. You must choose one direction and you positon must be high roller. If you can pick right direction you will gain 70 pips and double your balance. If you are wrong stop loss will hit and you loss half amount of your balance. What is your experience related to news trading?
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