In the dynamic world of forex trading, strategies that cater to the ever-changing market conditions are invaluable. While fundamental analysis is widely embraced in stock trading, its effectiveness in the forex market is often questioned. Unlike the stock market, where financial statements can significantly impact individual stocks, the forex market is influenced...
Hey traders,
This week, on Friday, we are expecting Non-Farm Payroll Report.
In this educational article, I will try to explain to you why that fundamental data is so important
and I will share with you the insights how to trade it.
Non-Farm Payroll is one of the most important indicators for forex and stock markets in the economic calendar.
Being released on...
The unprecedented world wide Coronavirus pandemic has put the markets on edge and set expectations really low for virtually all financial data points. Considering this, Non Farm Payrolls came in very strong, or at least not as bad as expected. Stocks reacted accordingly, and this tutorial is about how stocks react to strong numbers. This occurs in three...
This view is more of a confirmation of my analysis for the week, I am waiting for the end of day to be able to tell where price will be going next but as a day trader, there often something to trade. Price tested a new high and could be looking at forming a new high low before a higher high.
