Today is the day of the NFP news release. As usual. Where many forex traders are waiting for this news.
But I want to remind you of something.
Today does not make you rich if you have never been to a depot before, but because you are influenced by members to ask for trade news, you have just started to want to the depot and feel like you want to 'stab' buy/sell tonight with the hope of getting rich quick.
Today also does not make you rich, if you are tired of trading fundamental technical analysis methods, and tonight you want to go crazy, place an order with a thin SL while the possibility of your Stop Loss slippage.
Today also does not make you survived in this field for a long time by just installing the supposedly nets PO. While you already know most brokers triggered your order with slippage if the price moves fast because the spread widens and you will curse the broker.
But today will make you rich if you learn something essential in terms of fundamentals for this NFP news. What NFP employment data this time will influence the outcome of the FOMC meeting ahead? What kind of influence. What is the value and so on? Details.
Today will also make you rich if you can observe which price reactions have potential buyers and sellers. And the extent to which the price of the currency is effective in the perception of cheap or expensive for ‘big order’.
Knowledge makes you rich. Relying only on fate has long made our society poor.
Let's change.
Trade wisely. We are trader, with knowledge, not gambler.
