December 29th, 2008

Don’t Worry About the News (14 of 26)

Written by Kirk | one

Topics: Disciplined Trader Series, Planning A Trading Career, The Disciplined Forex Trader

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.

Tags: , , , , , , , , , , ,

Comments

One Response to “Don’t Worry About the News (14 of 26)”

  1. fx trading system on December 30th, 2008 5:52 am

    Valid point! Thanks for sharing with us.

Leave a Reply