Brexit Fears

The big news in the financial world is the Brexit decision coming up this week.  A lot of our subscribers over at Forex Investing Live have already been worried about this.  Some even left the service early this month saying they wanted to stay out of the markets… and that they would return after the Brexit ordeal is over.

We prefer to take a long term view of Forex trading.  And over the long term, there are always going to be important news events.  Sometimes these events will lead to losses.  And sometimes these events will lead to gains.  After all, news is what moves the markets.

So, the questions is… If news moves the market, why would you want to avoid participating?  Wouldn’t it be better to be in the market when it moves?

We believe this notion of staying out of the market during news events has been perpetuated by traders teaching Day Trading strategies.  News events can cause market volatility, and that could interfere with the normal trading of the strategy.  But when you start trading off the higher time frames, the impact of news events is lessened to some degree, and can even work in your favor.

Here is what has happened so far this month over at Forex Investing Live Signals:

Forex End Of Day Signals

  • (6/7) EURGBP: Trail Stop Hit @ +10 Pips
  • (6/9) EURUSD: Trail Stop Hit @ +125 Pips
  • (6/9) USDCHF: Manual Close @ +231 Pips
  • (6/13) GBPUSD: Manual Close @ +209 Pips
  • (6/19) GBPUSD: Manual Close @ +272 Pips
  • (6/19) USDCAD: Manual Close @ +63 Pips
  • (6/20) EURGBP: Manual Close @ +191 Pips

That’s a nice 7 trade win streak for +1101 pips!

Set & Forget Forex Signals

  • (6/2) EURJPY: Stop Loss Hit @ -200 Pips
  • (6/3) GBPUSD: Trail Stop Hit @ +70 Pips
  • (6/9) EURUSD: Trail Stop Hit @ +120 Pips
  • (6/10) EURJPY: Stop Loss Hit @ -200 Pips
  • (6/13) USDCAD: Trail Stop Hit @ +215 Pips
  • (6/16) USDCHF: Trail Stop Hit @ +210 Pips
  • (6/17) USDCAD: Trail Stop Hit @ +10 Pips
  • (6/20) GBPUSD: Manual Close @ +466 Pips

Not perfect.  But a nice +691 Pip gain for these signals.

Now look.  The Brexit decision is a big deal.  And we are taking a conservative approach from now until the ordeal is settled.  But leading up to the Brexit decision, there was some very nice trading and some very nice profits to be gained.

If you decide to use a Forex signals service like Forex Investing Live Signals, we suggest taking a long term view.  And over the long term, there will be big news events to contend with.  Sometimes these news events will lead to losses.  And sometimes these news events will lead to big gains.  That is just part of trading.

Don’t be so afraid of a losing trade that you end up standing on the sidelines through some of the most profitable trading periods.  Learning to lose is the most important lesson that separates winning traders from losing ones.  Manage your risk, place your trades and take a long term view… and you will probably end up more profitable.

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The big news in the financial world is the Brexit decision coming up this week.  A lot of our subscribers over at Forex Investing Live have already been worried about this.  Some even left the service early this month saying they wanted to stay out of the markets... and...