Why I Ignore the News

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#520: Why I Ignore the News

In this video:
00:25– Why I don’t trade the news  
01:20 – Problems with Fundamental trading
02:30 – Different conclusions from the same news
03:30 – Trading what you see as a Technical trader  
05:00 – Book a call with me and my team – https://theforextradingcoach.com/call
05:21 – Blueberry Markets

As a full time forex trader, I completely ignore the news. Let me explain why and how we trade. Let’s get into that and more. Right now.

Hey there forex traders. It’s Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 520.

Why I don’t trade the news  

And that’s right. I completely ignore the news. I don’t look at the news. I don’t consider the news and it just does not affect my trading. Now, in the Forex world, there are generally two types of traders. We have fundamental traders who do look at news announcements.

Aand we have technical traders. And I’m definitely a technical trader because I look at charts, I do not clutter my charts with lots and lots of indicators because that just becomes a mess and I’m tradable. I look price action, I look at the close of a candle and I look at what is actually happening in the market and make a decision. Do I have protection for my stop loss?

Do I have room to move to my profit target? I know that my patterns work across all timeframes, all markets, and depending on the conditions at the time, if I see the pattern, I take the pattern because it has such a high probability chance of success.

Problems with Fundamental trading