Friday, December 3, 2010

Markets Waiting for NFP

There's not going to be a lot of action until after NFP. I don't trade news events (nor should you—that's short term trading taken to the absurd) but the results should give some insights. An experienced trader once told me that if a commodity (i.e. the USD) doesn't fall on bearish news or rise on bullish news then the news is not what it appears.

© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.

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