Forex Trading Strategy | Don’t Worry About the News (14 of 26)

Don’t Worry About the News (14 of 26)

The Disciplined Forex Trader

• Two Big Trading tools (1 of 26)
• You get paid to wait (2 of 26)
• Chasing the Market (3 of 26)
• Always Scale Back When You are Trading Poorly (4 of 26)
• Never Turn a Winner into a Loser (5 of 26)
• Keep things in perspective (6 of 26)
• Develop a trading plan and Stick with it (7 of 26)
• Develop Your Own Style (8 of 26)
• Be Able to Trade Another Day (9 of 26)
• Develop the Skills to Trade Bigger (10 of 26)
• Stop The Pain Close the Losing Trades (11 of 26)
• The First Loss (12 of 26)
• Don’t Turn Your Trades into Religious Trades (13 of 26)
• Don’t Worry About the News (14 of 26)
• Speculators Always Lose (15 of 26)
• Become Good at Losing (16 of 26)
• Use Time to Monitor the Loss of a Trade (17 of 26)
• Only take little losses (18 of 26)
• The Money Pile (19 of 26)
• How to Hit a Homerun (20 of 26)
• Confidence & Control (21 of 26)
• Know When to Hold ‘em Know When to Fold ‘em (22 of 26)
• Be a Trading Machine (23 of 26)
• Be a Trade Taker Not a Trade Watcher (24 of 26)
• The Market Thinks All Traders Are The Same (25 of 26)
• The Market Does Not Care If We Win Or Lose (26 of 26)

Don’t worry about the news by the time you read it, it is history. Early in my trading career I was told to not listen to and TV or radio financial news.  Stop reading Magazines, and newspapers about the financial markets.  Learn to trade with what the market is give.  Trade with what the market is doing right now.  I have never understood why so many electronic traders listen to or watch CNBC, MSNBC, Bloomberg News or FNN all day long.  The people reporting the financial news on these programs know very little about market dynamics and market price action.  Yet they claim to be experts on everything.  Treat the news and the reporting of the news for what it really is.. Entertainment. When you hear the news it is already old news.  The story has already been dissected and consumed by the professional market participants long before the news has been disseminated. Do not trade off of the reporting. It’s too late.

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