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The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. This is Probably One of the Most Crucial Aspects of Trading. To trade the news or to trade the price action ? Today I share my views on this interesting topic which can often be the main reason a trader fails. I am not a fan of trading the news or fundamentals, and this article explains why. Make a Nice Comment Below or Post it To Twitter.
Forex news and Forex fundamental variables are topics that many traders email me about each week. The fact of the matter is that as a price action trader I believe that all fundamental variables are reflected in the price action on a plain vanilla price chart. The primary reason that I believe this is because price action is the final result of all catalysts and participants in any financial market. Now, there may be some diehard economists and fundamental traders who will disagree with what I am saying here. So, let me make myself clear, I am not saying that news cannot be used or that fundamental traders can’t make money in the markets.