Hi Everybody,
For those of you who have not been trading for very long, I would like to show you all what “typically” happens on days when there are big news announcements. Yesterday we can see how the markets just drifted sideways, while everybody was waiting for news to be released. Then as the news hit, the markets make sharp, quick and big swings. All of this is NOT the kind of market you want to be trading in...........
So the advice that all experienced traders will give you is to either avoid completely, or be very very careful, on days when a big news announcement is due.......
Days like this are risky and can lose lots of money for you, so be very careful on days like this........... Always take a note (in advance) of the days when announcements are due.
Thanks, Steve
For those of you who have not been trading for very long, I would like to show you all what “typically” happens on days when there are big news announcements. Yesterday we can see how the markets just drifted sideways, while everybody was waiting for news to be released. Then as the news hit, the markets make sharp, quick and big swings. All of this is NOT the kind of market you want to be trading in...........
So the advice that all experienced traders will give you is to either avoid completely, or be very very careful, on days when a big news announcement is due.......
Days like this are risky and can lose lots of money for you, so be very careful on days like this........... Always take a note (in advance) of the days when announcements are due.
Thanks, Steve
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