As for news reports, these are times to be careful. Many profitable trades are made
moments prior to or shortly after major economical announcements. You can gain a
fortune as well as lose one if you're not sure of what you're doing. This is why
it's important to stay on top of what's happening in the international finance arena.
Market sentiment becomes crucial at these times, since traders basically stampede
to the market around the time of the report. eToro makes sure to give you a heads
up whenever anything major is going down.
Remember, even though you're able to trade 24 hours a day, it's better to plan your
trading activity in order to catch the best action for a chance to maximize your
profits.
How do I know how much to invest
in a trade in the first place?
Read further on to learn about Money Management techniques.