Friday, November 2, 2007
Recap 2/11
NFP data didn't provide a clear direction to this pair, the swings were large enough to burn the 100 p. stoplosses of the medium term traders who went long at 167. Scalping protected me once again, I got out of this with +18 pips, I could do better. 4 winning trades today and 2 losers. +3,20 % account increase.
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2 comments:
Trading in NFP can be seriously risky, so that’s why we need to be careful and it can double/triple our account or leave it at nothing at all. If we are not careful in our way of working then we could lose up big time. I am dealing with one of the great on this industry OctaFX, so they allow me to do news trading properly with no restrictions while even their cTrader platform which is especially develop for ECN trading is ideal place for news trading.
Many newbies forex traders are tempted to trade by moves that occur during the release of major economic data like non-farm payroll,interest rate and trade balance.Little do they know that so many weird scenatios do accompany such release which tend to do more harm to traders` accounts.
The wisdom is to thoroughly prepare by planning or better stay out during the release of such market catalysts.
Bosun
The highest leverage in the forex industry is offered FxGlory with excellent customer service .
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