Another Great Scalping Day!
Today, Chief Trader Armando Martinez talks to the traders in the live training room about how important it is to trade with cation when there is a speaker talking. Armando explains that technicals can be violated easily because anything said can make the markets very volatile. Chief Trader Armando uses an example of when the markets moved nearly 300 PIPS in 2008 when a speaker was on one day. This is why Armando says it’s not worth the risk to trade during speeches and if you were to trade it is best to wait for deeper levels of support or resistance. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.
Filed under: Daily Learning Moment
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