Post
Topic
Board Trading Discussion
Re: Trading With Bitcoin news
by
Jegileman
on 30/11/2024, 14:58:42 UTC
I am looking for opportunities to scalp/trade when there is indecision in the market…for example before powell speech bitcoin was ranging so I made some good profits trading within the range...are there any other opportunities when there is indecision in the market apart from hours before Powell speech?

Waiting for news before taking trades may not be seen as scalping to me. You may be called an opportunist trader that only comes to trade when there is an opportunity showing in the market but not for the knowledge of the market trends that you have. This is basically a fundamental news which every trader gets to know about when they begin to learn about trading. Some news often don’t go in some traders favour, so there is still tendency that you may lose big if you’re trading only when there is news. Having both fundamental and technical knowledge of the market is very important, it does not limits your chances of earning to just fundamental news only, it also gives you a clearer view on market happenings and how fundamental and technical news related to each other in trading the market.