See also
Video Agenda:
00:00 INTRO 00:13 Totay's key events: UK GDP, Crude Oil Inventories, German 10-Year Bund Auction, Trade Balance, Industrial Production, Manufacturing Production 01:49 EUR/USD 03:04 GBP/USD 04:07 OIL 06:05 BTC/USD
Useful links:
My other articles are available in this section: https://www.instatrade.com/analytics_authors?author=46
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Important:
The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses.
Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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