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Trading Around Economic Reports & Levels 11.21.2019

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Trading Around Economic Reports

Trading is truly a fascinating pursuit. The markets can instil excitement, frustration, irritation, exhilaration – really a wide range of emotions – conceivably, even within a single trade. Trading is definitely one of those undertakings where one has to constantly study, evolve and grow.
There are also a number of different approaches to trading futures strategies, including day trading, swing trading and position trading. There are trading futures strategies that focus on just trading straight futures contracts, others solely trade options, including selling/writing options, still others incorporate long and short positions simultaneously – spread trading – utilizing futures and/or options.
One narrowly defined approach to trading – probably most relevant for day traders – is trading around economic reports.
The release of economic reports occurs almost daily. Most come from the U.S. federal government and look at national or large regional data; some come from other private surveys. Some garner considerable attention by traders; others draw barely a thought, much less a glance at their impact on the markets. This article doesn’t attempt to detail any particular number of them and their significance. Rather, it lists some pointers that can help traders prepare for reports releases.
  1. Know the times reports are set for release
  2. Know which markets reports may impact
  3. Know what the markets are expecting and how different outcomes will affect market movement
  4. Do your homework, i.e., go over charts from earlier dates when similar reports were released.
  5. Keep a journal. Focus on the reports that affect the markets you trade.
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Good Trading & Trading Futures Strategies

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

Futures Trading Levels

11-21-2019

Trading Futures Strategies


Economic Reports, source: 

bettertrader.co

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

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RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
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