Most average brokers like Octa, Sese, Lite, and Instaforex advise against trading during news hours because of the potential price spikes that can affect a trader's position. So, which brokers do not have a problem with trading during news, and do not automatically change the trader's position? Secondly, are there brokers that offer CFD instruments with at least 1:1000 leverage, or at least 1:500 or 1:200? Thank you for the information. Thanks.
What you need to know about trading based on news is:
1. Price will move before the data is released
2. Price will move when the data is released
3. Price will move after the data is released
Even if you find the broker in question, order requotes may occur. Or spreads and take profit limits will widen.
Each broker has its own advantages and disadvantages. Clearly, no broker wants to lose money. Therefore, it is best to read the regulations of existing brokers when we open an account. Even if we switch between various brokers, there will still be shortcomings. For CFD instruments, you can monitor FBS, Exness, XM, and InstaForex.
Thanks
@ rasyad musayafa:
- … so where is the broker that doesn't mind trading during news …
None. All brokers will certainly experience slippage (price spikes) when price volatility is very high, such as during news or high-impact data releases.
Our advice is to avoid entering just before or during data releases, to prevent slippage (price jumps) that may occur due to high volatility. Enter about 30 minutes after the data release, when the direction of price movement is clear.
- secondly, are there any brokers that provide CFD instruments with leverage of 1:1000 at least 1:500 or 1:200?
Please read here.