Video Agenda:
00:00 INTRO 00:12 Totay's key events: BoC Gov Macklem Speaks, BCB Focus Market Readout, Wholesale Sales, 2-Year Note Auction, 5-Year Note Auction, ECB's De Guindos Speaks 01:53 EUR/USD 02:17 GBP/USD 04:30 USD/JPY 06:24 USD/CAD 08:06 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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