Video Agenda:
00:00 INTRO
00:15 Totay's key events: Fed Chair Powell Speaks, S&P Global Services PMI, ISM Non-Manufacturing PMI, BoE MPC Member Pill Speaks, S&P Global/CIPS UK Composite PMI
02:29 EUR/USD
06:06 USDX
07:41 USD/JPY
09:52 GOLD
Useful links:
My other articles are available in this section: https://www.instaforex.com/analytics_authors?author=46
InstaForex course for beginners: https://www.instaforex.com/distance_training_program
Popular Analytics: https://www.instaforex.com/forex_analysis
Open trading account: https://www.instaforex.com/fast_open_new_account
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.
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