NFP expectations tonight, US Dollar strong or weak? Want to buy or want to sell? This I want to share a little for all Kakiforex readers. Please read through.
On the first Friday of every month, there will be NFP news, news that many traders have been waiting for. Some are inpatient, some are scared and stay away, some are excited to wait.
Immediately after the news release, some will cheer, some will grieve and grieve. Some are sorry. There are all kinds of feelings.
For those who do not have the FUNDAMENTAL ANALYSIS KNOWLEDGE, every time News NFP release will start to puzzle, gamble on fate.
1) Some hit enter buy or sell, full margin 2 minutes before the news release.
2) Some gamble on luck, put PO, Buy Stop, and Sell Stop. People say it is like a net. Some days are right, some days are wrong.
3) Some stay away, because they say, "this NFP news is nonsense!" Later afraid of my MC account. News to fast.
4) There are also those who throw dice, in the hope that if they can make a lot of money, it will be the beginning of this year!
5) Some enter on a technical basis only, and eventually the breakout becomes a fakeout. Invalid. The movement of the pair only violates any line and technical line.
Different for those with FUNDAMENTAL KNOWLEDGE. They blend this fundamental knowledge with existing trading strategies to get more accurate market analysis.
1) Job data is observed. Is there any improvement in data from before. If there is in terms of what data?
2) Attention is also given to salary data whether it will affect inflation.
3) Analyze whether the NFP data this time determines the policy action of The Fed monetary policy next month.
4) And what is the impact on the US Dollar in the long run? Projection whether it needs to be taken for trading this time to buy or sell US Dollar.
5) What does it have to do with the confidence index of the rate hike next month, traders panic or more confident?
6) Immediately after the data release, know how to "blend" technical and fundamental for trading plan next week.
This is the effect on traders who have FUNDAMENTAL KNOWLEDGE or not.
You can see the difference of point of view for the knowledgeable or this trading is just a place to gamble luck.
Which do you want to choose? Want to be a knowledgeable person, or continue to gamble your destiny without knowing "what exactly are you trading".
What if you only spend USD0, to turn into a more professional trader?
Are you willing? Click here to getting a start
What is the NFP News Perspective for Traders with Fundamental Knowledge? Read this.
August 19, 2020
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