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Economic new and earning report

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I started testing trading on economic news and company earning reports on my demo account recently with some mixed results. With a tied stop loss I am making more then what I am losing but it seem as if I am losing on the right entry times and where to place my take profit. I am sure that there are many others here that are trading the news and earning reports a lot more successfully them I am.  If some of you might have some tips and advice for a novice trader it would be a great help

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