Video Agenda:
00:00 INTRO
00:17 Totay's key events: Tertiary Industry Activity Index, German Buba Vice President Buch Speaks, ZEW Economic Sentiment, ECB's Elderson Speaks, Industrial Production, API Weekly Crude Oil Stock
01:39 EUR/USD
04:14 USD/JPY
05:39 GBP/USD
08:20 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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