You still bet on non-agricultural data? Take a look at how professional foreign exchange traders do non-farm!- asa forex community

You still bet on non-agricultural data? Take a look at how professional foreign exchange traders do non-farm!

Three-State System Notes

asa forex community

I found that many foreign exchange novices like to ambush non-agricultural data, so how do professional foreign exchange traders view non-agricultural data? Let's talk about this topic today.

First of all, let's make it clear that professional traders will hardly go to the market of non-agricultural data. In the eyes of professional traders, they will only choose their own certain market to trade, but they will not participate in uncertain and unknown market.

As an economic data, no one knows the result of the non-agricultural data before it is released, and no one knows the impact and magnitude of the result on the market. Therefore, participating in transactions under such a situation full of many uncertainties is essentially no different from rolling dice and guessing the size.

Some people in the industry I know, including some of my own friends in the industry, they don’t pay much attention to the data market including the non-agricultural data. The impact of the data is only temporary. How to go, the most is to do some hedging risk processing and operation for the position.

Novice traders like to do data market largely because they want to make a big deal and make a lot of money. Numerous cases in the past have proved that the vast majority of traders who do this will fall into a big loss.

Even if you do it right once or twice, as long as the behavior of doing data market still exists, you will still be unable to escape the end of huge losses in the end. The industry calls this kind of transaction "gambling data". If you just want to have an addiction and experience the feeling of either making a big profit or losing a lot, you don't need to go to the casino to gamble directly in the trading market. More efficient and enjoyable. For friends who really want to make real and stable profits in the foreign exchange market, it is not recommended to do all the data market including non-agricultural data.

Trading is a technical activity combining logic and art, which requires calm analysis, objective judgment, rational treatment, and detailed planning. As much thought is spent on the market, the market will give you as much gift.

Last updated: 09/05/2023 16:16

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