Everyone knows that trading during major news events like NFP, CPI, and FOMC is risky. But I want to highlight a few points that you might overlook.
1. Widened spread
When news drops, the spread can widen up to 10-20 pips. So, you could be looking at instant losses as soon as you enter a trade.
2. Slippage (Price deviation)
Entering at a worse price than the set level is called slippage. This often happens during news releases.
3. Price reversal (Fakeout)
When good news drops, the price might spike briefly before dropping again (or going the opposite direction).
Suggestion-
👉 Don't trade for 15 minutes before a news release and for another 15 minutes after. Wait about 30 minutes until the market stabilizes post-news.
Being patient during major news releases is a key trait of a successful trader.
#forexlifestyle #CanaryCapitalFilesStakedTRXETF #MubadalaBoostsBitcoinETFTo$660M