Why I Trade With The Main Currency Strength and Weaknesses Each Day
00:25 An important part of my daily trading routine
04:59 US Non-Farm Payrolls on the 1st Friday of the month
07:13 The Lot Size Calculator and how you can get your copy? I want to explain why I really enjoyed trading with the main currency strength and weaknesses each day. Let me share more details with you right now.
I want to talk about currency strength and weakness. For me it’s something that’s quite important and it plays an important part of my daily trading routine and I like to share with you the reasons why because to me it’s quite a logical thing. If a particular currency is looking very strong and it’s looking strong against all other currencies and you then have another currency looking very weak and that’s looking particularly weak against all almost other currencies it seems logical to be trading in the direction of that pair when you put the two together.
Now today being the first Friday of the month we have the US Non-Farm Payrolls or Non-Farm Employment change data coming out of the US. It’s expected to generate 214,000 jobs last month was 288,000. I would be anticipating that the number is going to come out less that would be in my feel for now and that’s based on the fact that I see some weakness today being Friday in the USD.
Other thing I wanted to mention if you haven’t yet got my Lot Size Calculator make sure you get it there is a free download on my website. All the time day after day, week after week I get just emails back to people just really appreciating how simple to use but how effective that Lot Size Calculator is. It works on the MT4 Platform and it helps keep your position size equal per trade and it makes you forget about how many pips you make because it really doesn’t matter.