Warning: if you are new to forex, I strongly recommend that you don't trade your live account during NFP Week.
Guys ... said this last month as well. If I remember to, I will say this every month.
Disregard the times (they are New Zealand) ... look at the forex factory calendar in your own timezone.
NFP ... Non Farm Payroll (Non Farm Employment) is one of the biggest news events every month. It is very common to have 'choppy' unpredictable price action during the first week of each month until this news event is over.
I lost a few % of my account yesterday (before gaining an extra 3%) due to this choppy price action ... in other words ... this is very very difficult price action to trade
Five years ago, I blew my first 10K account during a news week just like this one. Don't let yourself become the next victim
Guys ... said this last month as well. If I remember to, I will say this every month.
Disregard the times (they are New Zealand) ... look at the forex factory calendar in your own timezone.
NFP ... Non Farm Payroll (Non Farm Employment) is one of the biggest news events every month. It is very common to have 'choppy' unpredictable price action during the first week of each month until this news event is over.
I lost a few % of my account yesterday (before gaining an extra 3%) due to this choppy price action ... in other words ... this is very very difficult price action to trade
Five years ago, I blew my first 10K account during a news week just like this one. Don't let yourself become the next victim