User wrote:I have recently read that pro traders can make 20% to 30% of total account a month just trading on the first Friday of each month.
When the payroll data came out on Friday morning they are ready to get in. They would then ride an extreme "well-shaken" market from several minutes to an hour and get out with decent profits.
This kind of trading is not fundamental trading.
News trading is full of flaws. Probably those who trade unemployment numbers are using a trade setup with carefully chosen entry levels, TP and SL, and relying upon this setup to work.
As this "miraculous" setup is not communicated it is all is based upon belief that it exists.
Instead of trying to understand that market we are told to use a shortcut, so that we don't have to understand anything, justified by rumours.
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