If you are a loyal reader of Kakiforex, every day you must be presented with important news and events throughout the week that will affect the currency market.
News GDP, FOMC and NFP are often the focus because big news stories like this will definitely make the currency market have the potential to move.
I did not say DEFINITELY, but there is POTENTIAL.
Big events sometimes push the currency to a very large movement. Moments like this are highly anticipated because there will be traders who make big profits with this major currency movement!
But for traders who have been in this field for a long time, high-impact news is sure to make the market very volatile. There are also dealers who further expand the spread so that it can affect your trading plan.
Not to mention the other problems that make you stiff in your own trading.
Large market movements also sometimes do not just move in one direction. Market trends will fluctuate quickly so that traders lose in the blink of an eye!
So, plan your trading trip best. Do not be too hasty and emotional to pursue profit with reckless trade without any analysis. Most importantly, do not forget to place TP and SL in order to minimize your trading risk.
