Your method sounds good in theory, but in practice it is impossible to predict direction with such precision.
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Your method sounds good in theory, but in practice it is impossible to predict direction with such precision.
Have you considered combining it with a deep fundamental analysis? I could give you a better idea of the possible movement.
The spread is your worst enemy in news. If you can�t control it, forget the straddle.
Whoever tells you that straddle is sure to be lying to you, just like that.
Why not try micro-lots so you could practice without risking a lot of capital.
I've reduced the size of the operations, and I notice that so my heart beats a little slower.
Haha, sure, but reducing size also reduces your profits. Is adrenaline worth so little?
The best thing I read here: safe is a dangerous word in forex. Very true.
I use straddle only in events that I know move the market a lot like NFP or FOMC. In minor data, I don't even try.
Straddle taught me to be quick with my finger on the lock button... but not to make money.