news trading is a very worst part in my trading career , so may times i have lost huge money during news. so i always avoid it.
As a beginner trader, you first need to learn how to trade in a calmer market and not lose deposits here. And only then think about whether it is worth doing more risky trading on news according to your experience and skills.
As a beginner trader, it's generally advisable to avoid trading during news events due to increased volatility and unpredictability. Trading during news is more appropriate for experienced traders who can manage risk effectively. These traders often use strategies to capitalize on market movements caused by significant economic announcements.
You also need to understand that when important news comes out, the market can react to it differently. That is, even if some positive news comes out, the market can still collapse and provide you with a loss. Also, prices can change rapidly and in both directions, which can lead to both significant profitable opportunities and sharp losses if the market moves against you. Therefore, beginners are better off avoiding such trading.
Yes, for example, a news straddle is quite simple to master, although it requires some skill in placing orders before the news release and subsequently managing the positions. Events usually unfold rapidly at such moments, and it might be worth entering with a small position and low leverage, as well as automating the order placement process.
I feel the same. Yes we can trade based on the latest market news but should back it up with some solid analysis before placing a bid. It is better to enter with the smaller position.