News

Anything Can Happen

With financial markets being global, there's no shortage of worldwide news events affecting market prices 24 hours a day, 7 days a week, 366 days a year. There are 2 main categories of news:

-Unscheduled news events -Scheduled news events

With unscheduled news events, such as wars, political and economic news, etc, it will usually be a surprise, so we must remember that anything can happen, any day, at any time and manage our risk accordingly.

"Sit on hands" 2 minutes before and until 3 minutes after a scheduled news release.

For scheduled news releases, Vinny E. Mini prefers to "sit on hands" (don't trade) from 2 minutes before the scheduled release time, and until 3 minutes after the release, to allow extreme market volatility to settle and avoid any liquidity, slippage and spread widening issues.

Future scheduled news releases can be prompted in our Discord by typing one of the following commands:

!n !news !n tomorrow

Just before, during and after high impact FOMC news events, immense caution is warranted due to likelihood of extreme volatility.

Extreme caution is warranted for high impact FOMC events as well as Non-Farm Payrolls (NFP).

FOMC usually takes place on Wednesdays at 2:00pm EST monthly.

NFP usually takes place on the 1st Friday of each month at 8:30am EST.

See how price action is affected by FOMC here.

Video Tutorial

WATCH: Vinny E. Mini teaches how to deal with the news with your trading analysis in this video tutorial.

WATCH: Vinny E. Mini talks about FOMC rules in this short 1 minute live video clip.

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