It's NFP today, you know what that means. Best practice for new traders is to sit the event out, wait for the price to go where they want to take it, look for a clean set up, then enter the markets if you wish to trade. The most amount of money and accounts are blown during FOMC and NFP because traders are trying to capture the volume driven candles with large lots. This is not trading, this is gambling! Today the casino is open, the drinks are free to entice you, only you can have that discipline to sit and wait patiently for the right moment

Perfect!

BEFORE:

AFTER:

That's us done for the day and week. NFP moved well, nothing really out of the ordinary, analysed and hot spots worked a treat for the team (those who traded). We'll be back next week. Wishing you all a great weekend.

Join a winning team of traders and analyst with a successful track record and hit rate across the markets

www.knightsofgold.co.uk

KOG

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