Trade With Precision Newsletter - Article

This article is part of a series on Professional Trader Habits and Beliefs

The importance of creating a watchlist each day of which markets could be providing trading opportunities in the near future is often overlooked. Just like a good fisherman will check the moon, tide and weather forecast before he goes fishing, we as traders need to be routinely analysing the markets and forecasting where the opportunities may lie. 

It's time again for Non Farm Payroll figures to be published out of the United States this Friday. The announcement of these figures is closely watched by traders all around the world therefore they can create a huge amount of volatility in the markets.

Check out the video below where Tamar Mehr takes a look through various FX markets explaining what she is expecting to see in terms of price action in the lead up and aftermath of the Non Farm Payroll figures.

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.

Trading is a process where it's almost impossible to avoid feeling 'pain'.  This article examines how the painful aspects of trading can be better managed on an ongoing basis so that long-term trading goals can still be met.