Hello folks! This should be a wonderful week in the trading community as long as you are aware of the news hurdles.
Members of Slick Trade will be receiving forex calls from Chris this week after last weeks group session on trading the trend and when to enter trades. I hope you all studied up over the weekend and are ready to focus on collecting a substantial number of pips. Friday is NFP – our favorite day of the month for trading forex, so be ready bright and early to setup your trades.
Monday we start out with two Bank Holidays – this should not affect forex traders that trade the global trend, however swing traders beware of the GBP and JPY holidays. Due to the holiday on the JPY, I would not suggest trading the Sausage and Sushi on Nadex.
Tuesday we do have some high impact news. Definitely watch out for those trading the Nadex or binary options platforms. This will result in volatility and unexpected rises and falls in price action. We have another Bank Holiday on the JPY, so beware of trading it.
Wednesday is packed with news throughout the day. Again, if you are a global trend trader, you should be as affected if you are already in trades. We have speakers and high impact news that will affect overnight, morning and afternoon trades.
Thursday isn’t too bad on the news end. Beware of the GBP due to high volatility news all day.
Friday – We end the week with NFP at 8:30amEST – a forex trader’s dream 🙂 Get ready to collect some serious pips!
Helpful Links
http://www.myfxbook.com/community/outlook
http://www.investing.com/economic-calendar/
