Is Monday a Good Day to Trade Forex?
I just lost 100 pips overnight on a GBP/USD trade going Long that in fact went south (Short).
My First Paper Trade with the Knowledge to Action Income Generator – Result
I don’t feel bad about losing out as luckily I have been reading the “Trading in the Zone” book so I know that its not personal and its a learning experience and NEVER let this experience make you more wary of entering another trade. I am not trading today as its non farm payroll day.
The Importance of Non Farm Payroll Announcements
One of the most widely anticipated reports on the US economic calendar, the Non Farm Payroll Announcement (NFP) that is due on Friday, is a monthly report that gives a picture of job creation, loss, wages and working hours in the United States, whose dominant international currency is reflected in pricing of all currency pairs.
