Video Agenda:
00:00 INTRO
00:12 Totay's key events: U.S. President Biden Speaks, German Business Expectations, German Ifo Business Climate Index, Initial Jobless Claims, Core Durable Goods Orders, GDP, ECB President Lagarde Speaks
01:16 EUR/USD
03:28 USD/JPY
06:52 USDX
08:34 SP500
09:53 BTC/USD
Useful links:
My other articles are available in this section
InstaForex course for beginners
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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