30 Futures Market Moving Events & Economic Reports 6.12.2015

Hello Traders,

Front month for stock indices, Treasuries and currencies is now SEPTEMBER!

I shared this article below in the past, worth reading. Economic events will and do move markets.

One needs to know what reports are coming out, possible effect on the markets, what is the forecast and more. Some traders prefer to be OUT of the market on certain economic reports. Either way it is an important aspect of trading, even more so of day-trading.

A great source is www.TradeTheNews.com

Ranking 30 Futures Market Moving Events

Where do I look and when do I pay attention?

By:  Cannon Trading Commodities Broker

Every trader has done it. You’ve done it, your friends have done it, even your broker has done it at one point early in their career.

Here’s the scenario:

You’ve finally finished your futures education at Cannon Trading Company. You’ve done you’re homework on stops, limits, indicators and price movements for the market you’re trading. You’re ready to go, you enter your limit order and you wait.

**DING**

You get filled. Your heart rate picks up, a wry smile crosses your face and you begin to imagine the possibilities of the one trade you’re in: How much can I make? How much can I lose before it’s too much? You’ve waited through months of technical trading and deep meditation to get here, and now it’s finally paying off with one of your first trades in the live market. Sayonara paper trading; aloha live futures.

Then, all of a sudden, the top of the hour hits and the market starts acting up. It’s getting more volatile and more volatile; it’s picking up speed and taking an unforgiving turn against you. You can’t think straight, all you can think about is your losing position that could get worse and worse as the seconds go by. You race to put in a stop order, but you finally have to settle for a market order just to stop the bleeding. You stare.

**DING**

You’re out of the market. What the hell just happened? You stare at the screen; did your indicators lie to you? Is your system faulty? Did you not listen to your broker? Well, probably not. But you’re down several handles, you’ve lost some money and your pride is aching.

It was a regular morning, you even patiently waited out the first hour of trading to try and get a better idea of what the day might have in store for the markets; yet in that one minute at the top of the hour the market experienced a major reversal and you have no explanation. You’re sitting there scratching your head, furious that you’d prepared for your trade for so long and lost so much in such a short time without any idea why.

You dial Cannon Trading to get an idea of what happened only to find your broker on the other end is just as confused as you are; however they’re not perturbed by the market swing, only about your confusion and why you were in the markets at the time in the first place! You’re directed to the daily announcements only to find everybody has been waiting all morning for a report to come out that would determine the day or even the next week of trading. And you missed it.

All that technical preparation, the months of practice and pep-talking yourself before you entered the trade, and you were foiled by an announcement that the rest of the trading world saw coming a week ago.

Read the rest at:
https://www.cannontrading.com/community/futures-market-ranking-30-market-events

GOOD TRADING