2ND UPDATE :  EURUSD FAILED AS EXPECTED

 

UPDATE :  EUR  GERMAN MANUFACTURING PMI CAME : 60.7    vs 60.6 = 0.1 POSITIVE

A NO TRADE

 

TODAY  MONDAY 01/03/21@ 9.55 AM : MEDIUM IMPACT  EUR  GERMAN MANUFACTURING PMI : CURRENCY PAIR IN FOCUS : EURUSD

RATING :  NEUTRAL ON BOTH POSITIVE AND NEGATIVE REPORTS

ACTION : SKIP THE TRADE

FOR SCALPERS : NOTHING TO SCALP HERE .

 

***** I have decided to be publishing the medium impact economic news data with the analysis

for the benefit of all fundamental news traders and to be able to assess the level of accuracy of this

strategy. WELCOME ON BOARD.

MY MISSION STATEMENT:

 1. My ability to correctly and accurately predict the outcomes of both medium and high impact

economic news reports that drive the foreign exchange market is rated thus: failure to success

ratio of : 1:99. 

When you put this into perspective, it is 99% success rate.

2. If you translate the success rate into the " GOOD" trades and the risk to reward ratio of  1:9,

you have 90% chance of having good and money making trades all year round. 

With a minimum of ten trades per year, we are sure of at least nine good ones out of ten trades.

3. Only about 0.5% of all the medium and high impact economic data are tradable and that  is

the reason why only 5% of forex retail traders are successful, making it a big challenge for me

to try and do something.

4. The Forex market is the most liquid market in the world with a trading volume of  $5.3 Trillion.

Compare this huge size with the Futures market with only $437.4 billion and the Equity market

with only $191 billion.  The retail traders are at the receiving end.

5. These " Markets" are big enough for all participants to thrive in and make money, but only the

few " knowledgeable" ones are smiling to the banks always.  

6. You do not lose money if you do not trade bad reports and your available margin remains intact.

If you trade less, there is the tendency to conserve the balance amount on your trading account, which

you will be ready to deploy to execute good trades when the opportunities arise. It makes absolute

sense to avoid risky trades because , it is quite better to miss a good trade than to trade a bad one.

7. I am eager to address this huge gap between those who are successful and those that are not.

If you new to forex trading, you must open a demo account and practice for at least three months

before thinking of a live account.

FOLLOW OUR ANALYSIS CLOSELY AND MAKE THE BEST OUT OF IT ALL. GOOD LUCK.