The wonderful things to trade forex market is no matter it is good news or bad news, you can make money out of it. Forex is unlike other market, it is the most liquid market in the world. If you are at the long side and plan to shift to short side, you can do it in a second. Bad news or good news will push your position to profitable instead of losing.
When market go against traders, it normally make them feel uneasy. Few rounds of major mistakes will wipe of their accounts. Unless you have big fund to play with, don't ever fight with Mr. Market. Good or bad news will drive each pair of currency up and down, everyone love to short Euro at the moment of my writing. In fact, I am making good money by shorting Euro, the bad news make the market move drastically. However, if you follow your desperation and emotion to sell Euro, you may end up losing money. Why? Any sudden good news may turn the market another way. When ECB announced the rescue package of nearly USD 1 trillion on the weekend, Euro was limit up more then 300 points. Anyway, it went down with no turning back until this moment. My point of view here is other aspects play the role beside just follow your emotion.
