Are you looking for the best Straddle Trader Pro Bonus? There are many people out there offering a bonus for the Forex trading software program but this is the best one you will find.
========
Strategy in a Nutshell
The basic concept behind the StraddleTrader is to enter a Buy stop and Sell stop order as close to the release of a major news announcement as possible, preferably with a second or less to go before the announcement. This is a simple concept, but obviously timing is very important. Without the right software, it is impossible to time these big moves because it all happens so fast.
A stop order is nothing more than a pending market order, placed at some distance above and/or below the current price of a particular pair and that will be changed to a live order if the pair moves up or down far enough to hit the order entry price. The order will be taken in as a Buy if the market price moves up enough to hit its entry price. Or the order will be taken in as a Sell if the market moves down far enough to hit its entry price.
The StraddleTrader software places both a Buy stop and a Sell stop a close distance away from the current price of the pair. The orders are placed as close to the release time of a major news event as possible to reduce the likelihood that normal pre-news market movement will cause one of the orders to become a live order before the news announcement is released. How close the orders are placed to the news event is in the users control with settable parameters built into the software.
No comments:
Post a Comment