Trading economic events can be risky, but with the proper tools and information, it can be very lucrative. As long as you have sufficient preparation, you can tilt the odds in your favor and take advantage of fantastic opportunities.
Not every economic event is a good opportunity to trade, but there are still several good opportunities on a daily basis. During the week there are several events that you definitely want to at least monitor for the opportunity to trade. And if you’re looking at macroeconomic events, it’s always worth it to be prepared for the release.
If you only take one idea from this ebook it’s to prepare before you trade because otherwise, you only have a 50/50 chance of success. The markets today are much more complex than just one positive event causing the market to go up and one negative event bringing it down. We have to be equipped and prepared. You need to develop your own system. Something that will keep up with the market because that’s the most important part of trading and will make you more consistent as a trader.