Trading news times

Discussion in 'Forex' started by sebs12, Aug 1, 2008.

  1. sebs12


    Does anyone know a broker the doesn't widen the entry point at which you can enter a trade at news report times? I'm looking at a 20-25 pips away, with a stop 20-25 away from that.

    USD/JPY is at 107.00 - buy >107.25 and stop <107.01

    Even small reports, not just NFP.
  2. enkidu


    LOL! LOL! LOL!

  3. What you're describing is a risk-free money machine. You're going to have to be more clever than that to make money trading forex.
  4. sebs12


    You assume I don't make a profit? I've been studying for a year and went live 6 months ago and doing well, the more I learn, the more I find out how much goes into it. If I want to find a way to minimize risk and increase profits...doesn't everyone want that? I've read a lot on post on a lot of site and it seems that most questions are an opportunity for some to get in a little slam. Of course there is a couple that are begging for it, like the guy who found out what forex is then quit college to do it full time, those replies had me rolling.