morgan2p:
Thank you for taking your time to elaborate this forex of a thing. I guess the lecture has ended but I want ask if we are still going to do practicals with demo account as advised in previous lectures

We still have one more topic to take which is " Criteria for selecting a good broker" . I will drop that soon. But in the meantime, a Closed group has been created on Facebook and only those that meet the criteria to join will be added.

It is a FB group because I can see whatsapp has its own flaws, new entrants don't seem to see or get what has been discussed in the past unlike facebook.

Only those that meet the criteria will be added to the group because its strictly for Fx people. Please don't drop any email or contact here. If you wish to know the criteria for being added to the group, do the following:
1. Add me up on Facebook, my Id is AbbeyForex.
2. Send a message to me requesting to be added.
3. Drop your email id to my mailbox (masbuzarcade (at) gmail (dot) com) to receive some important messages from me as they are deem necessary.
4. Be ready and willing to take action, its good to make money in dollars in this season of high exchange rate. Imagine making minimum of $30 per day from the Forex Market. That's extra $600 per month because we have averagely 20 trading days in a month.

legendsergio:
Yes sir... Concerning being an investor. How safe is the investors capital? Please elaborate

Safety of Investor's Capital is the utmost here. The broker controls everything that happens between the Investor and the PAMM manager. The PAMM manager opens account with the broker, apply to become a PAMM manager,then the broker asks the manager to deposit his personal money and must trade the money for minimum of 3 months alone before he can be approved.

After the probation period, if the manager is able to meet other criteria he gets approved. Now, the broker controls everything that happens in between the manager and the investor- fund deposit,withdrawal and so on. The manager and the investors don't have the contact of eachother. Infact your manager can be your room mate and you wouldn't know.

You only know your manager by USERNAME and he doesn't have any means of manipulation, everything is done through the broker. They stand as the link (intermediary) between the 2 of you and act based on every instruction you give them.

Also note that there are criteria to choosing a PAMM manager,that's why I took it as the last topic because I believe it is necessary for you to be able to interpret previous performance of PAMM managers before choosing one.

Though they are rated based on their performance on the brokers website, but each manager you choose should also meet investor's criteria ,hence the need to know little about the Forex market.

chrisj2020:
Does anyone know how to ship finger batteries (AA & AAA type) from china to lagos. I have 950kg of batteries i want to ship to lagos

Contact me,my whatsapp number is on my signature.

pcoolioz:



does the weight matter before they lay? no one wants to answer me. mine are heading towards 5months. I haven't seen any Egg o, any idea as to what they should weigh by now?

At least 1.5kg

morgan2p:



Sir with this risk to reward ratio is it possible for a scalper to build his or account choosing this method

Its may be possible and may not be possible, it depends on what the market is saying at that particular period but remember scalpers only come into the market ,take few pips and get out again. They don't stay long in the market and with that,scalpers don't usually follow the concept instead they just take the pips as they come.

At age 5 his Father died.

At age 16 he quit school.

At age 17 he had already lost four jobs.

At age 18 he got married.

Between ages 18 and 22, he was a railroad conductor and failed.

He joined the army and washed out there.

He applied for law school he was rejected.

He became an insurance sales man and failed again.

At age 19 he became a father.

At age 20 his wife left him and took their baby daughter.

He became a cook and dishwasher in a small cafe.

He failed in an attempt to kidnap his own daughter, and eventually he convinced his wife to return home.

At age 65 he retired.

On the 1st day of retirement he received a cheque from the Government for $105.

He felt that the Government was saying that he couldn’t provide for himself.

He decided to commit suicide, it wasn’t worth living anymore; he had failed so much.

He sat under a tree writing his will, but instead, he wrote what he would have accomplished with his life. He realised there was much more that he hadn’t done. There was one thing he could do better than anyone he knew. And that was how to cook.

So he borrowed $87 against his cheque and bought and fried up some chicken using his recipe, and went door to door to sell them to his neighbours in Kentucky.

Remember at age 65 he was ready to commit suicide.

But at age 88 Colonel Sanders, founder of Kentucky Fried Chicken (KFC) Empire was a billionaire.

Moral of the story: Attitude. It's never too late to start all over.

MOST IMPORTANTLY, IT'S ALL ABOUT YOUR ATTITUDE. NEVER GIVE UP NO MATTER HOW HARD IT GETS.

God has a wonderful plan for everyone of us but you have to be able to see it (visualise your dreams) before He can hand it over to you to execute it. You have what it takes to be successful. Go for it and make a difference.

boladale:
@abbeyforex, pls send me the mail on how i can become a member of the plan B group. i'm sending you an sms with my email as i'm not on whatsapp at the moment . should rectify that by next month. looking forward. thanks. wt m

sent

charlesu49:
Good morning everyone... This is my first post and I haven't read through the whole thread, its quite long, but OP, the title of the thread kinda shuts Aliexpress and Alibaba down, I used them last in 2013 and they seemed efficient, is there any new development? Any downside to them I should know??

There are so many development though not in terms of efficiency but in terms of minimizing cost cost ,maximizing profit and getting real value. 2013 to 2016 is really along way to go cos the business is not meant for the BOYZ and GIRLZ again but strictly MEN and WOMEN alike.

Is your PLAN B in place yet ?

Despite and In spite of excuses around-government policy,high exchange rate, low income,no sales,how do I sell, I dont know which product is selling fast and so on- PLAN B still rock. Below are the pictures of our last group order that just arrived.

You want to know the products inside the carton? Hurry Up and join us !
The MEN still rock,no room for the BOYZ here. There is big gap between the MEN and the BOYS

Is your Plan B in place yet? If not, why not join us

In this example, you can see that even if you only won 50% of your trades, you would still make a profit of $10,000. Just remember that whenever you trade with a good risk to reward ratio, your chances of being profitable are much greater even if you have a lower win percentage. BUT…

And this is a big one… setting large reward-to-risk ratio comes at a price. On the very surface, the concept of putting a high reward-to-risk ratio sounds good, but think about how it applies in actual trade scenarios.

Let’s say you are a scalper and you only wish to risk 3 pips. Using a 3:1 reward to risk ratio, this means you need to get 9 pips. Right off the bat, the odds are against you because you have to pay the spread.

If your broker offered a 2 pip spread on EUR/USD, you’ll have to gain 11 pips instead, forcing you to take a difficult 4:1 reward to risk ratio. Considering the exchange rate of EUR/USD could move 3 pips up and down within a few seconds, you would be stopped out faster than you can say “Uncle!”

If you were to reduce your position size, then you could widen your stop to maintain your desired reward/risk ratio. Now, if you increased the pips you wanted to risk to 50, you would need to gain 153 pips. By doing this, you are able to bring your reward-to-risk ratio somewhere nearer to your desired 3:1. Not so bad anymore, right? In the real world, reward-to-risk ratios aren’t set in stone. They must be adjusted depending on the time frame, trading environment, and your entry/exit points. A position trade could have a reward-to-risk ratio as high as 10:1 while a scalper could go for as little as 0.7:1.

Reward-to-Risk Ratio
Another way you can increase your chances of profitability is to trade when you have the potential to make 3 times more than you are risking. If you give yourself a 3:1 reward-to-risk ratio, you have a significantly greater chance of ending up profitable in the long run.
Take a look at this chart as an example:

You can see that the more you lose, the harder it is to make it back to your original account size. This is all the more reason that you should do everything you can to PROTECT your account.

By now, we hope you have gotten it drilled in your head that you should only risk a small percentage of your account per trade so that you can survive your losing streaks and also to avoid a large drawdown in your account.

Remember, you want to be the casino… NOT the gambler!

Of course, the last thing we want to do is to lose 19 trades in a row, but even if you only lost 5 trades in a row, look at the difference between risking 2% and 10%. If you risked 2% you would still have $18,447. If you risked 10% you would only have $13,122. That’s less than what you would’ve had even if you lost all 19 trades and risked only 2% of your account!

The point of this illustration is that you want to setup your risk management rules so that when you do have a drawdown period, you will still have enough capital to stay in the game.

Can you imagine if you lost 85% of your account?!!

You would have to make 566% on what you are left with in order to get back to break even! Trust us, you do NOT want to be in that position.
Here is a chart that will illustrate what percentage you would have to make to breakeven if you were to lose a certain percentage of your account.

AleAirHub:
[s][/s]

Good Day....

Thanks for your post but i only have few answers.

1==== No amount of money one invested in information is TOO EXPENSIVE.

2==== Never you think that you will ever get all the necessary informations, tricks , ideas of what you are about to venture into without GREAT sacrifice.

3===== Those that has taking time to go though our thread from A-Z are really glad that they did...

4===== Your decision toward the seminar should be solely your responsibility[ A try may turn you ON or DOWN] That is what life is all about sir.

5===== If you want one on one life time coaching , then buzz us up but charges apply...

Lastly, Take your time again and again to go though my journey and you will definitely be glad.

Bravo

Cc winetapper

Perfect Answer !

To those that deal with the Chinese market , there will be dragon boat festival

On Wednesday to Saturday this week,they will have the dragon boat festival,which they cerebrate in memory of Qu Yuan
around 2400 years ago,he is a great patriot but jump into river because he feel despair to his stupid king and country.

On this day, they will eat ''Zong zi '' see below picture ,made of rice and wrapped of bamboo leaf,before, people throw it to river
hoping Qu Yuan can eat it ,and don't want fish to eat it so they use bamboo leaf wrap.

They will have dragon boat racing,why have this racing? In order to scare the fish not to eat Qu Yuan's body.

The Holiday runs from Wednesday to Saturday but there is no cause for alarm as most shipper will go on break on Thursday only. You can still keep your order coming as we will be available all through the holiday period. Thanks

You can see that there is a big difference between risking 2% of your account compared to risking 10% of your account on a single trade!

If you happened to go through a losing streak and lost only 19 trades in a row, you would’ve went from starting with $20,000 to having only $3,002 left if you risked 10% on each trade.

You would’ve lost over 85% of your account!
If you risked only 2% you would’ve still had $13,903 which is only a 30% loss of your total account.

The GOLDEN RULE: Never Risk More Than 2% Per Trade

How much should you risk per trade? Great question. Try to limit your risk to 2% per trade. But that might even be a little high. Especially if you’re newbie forex trader.

Here is an important illustration that will show you the difference between risking a small percentage of your capital per trade compared to risking a higher percentage.
Trader Risks 2% vs. 10% Per Trade

Eghosa1:


#7250 to ABUJA. It's best you ship item via China post to minimize cost.

Minimizing cost is not as important as customer's satisfaction coupled with rate of turnover and profit margin (my thought )

Swing Trading
Swing trading is a longer term trading style that requires patience to hold your trades for several days at a time.It is ideal for those who can’t monitor their charts throughout the day but can dedicate a couple of hours analyzing the market every night. This is probably best suited for those who have full-time jobs or school, but have enough free time to stay up-to-date with what is going on in the global economies.

Forex swing trading attempts to identify medium term trends and enter only when there seems to be a high probability of winning. Because trades last much longer than one day, larger stop losses are required to weather volatility, and a forex trader must adapt that to their money management plan.

You will most likely see trades go against you during the holding time since there can be many fluctuations of the price during the shorter time frames. It is important that you are able to remain calm during these times and trust in your analysis. Since trades usually have larger targets, spreads won’t have as much of an impact to your overall profits. As a result, trading pairs with larger spreads and lower liquidity is acceptable.

You might want to be a forex swing trader if:
 You don’t mind holding your trades for several days.
 You are willing to take fewer trades, but more careful to make sure your trades are very good setups.
 You don’t mind having large stop losses.
 You are patient.
 You are able to remain calm when trades move against you.

You might NOT want to be a forex swing trader if:
 You like fast paced, action-packed trading.
 You are impatient and like to know whether you are right or wrong immediately.
 You get sweaty and anxious when trades go against you.
 You can’t spend a couple of hours every day to analyze the markets.
If you have a full time job but enjoy trading on the side, then swing trading might be more your style!

Position Trading
Position trading is the longest term trading and can have trades that last for several months to several years! This kind of forex trading is reserved for the ultra-patient traders, and requires a good understanding of the fundamentals. Because position trading is held for so long, fundamental themes will be the predominant focus when analyzing the markets.
Fundamentals dictate the long term trends of currency pairs and it is important that you understand how economic data affects your countries and its future outlook.

Because of the lengthy holding time of your trades, your stop losses will be very large.

You must make sure you are well capitalized or you will most likely get margin call.

Forex position trading also requires thick skin because it is almost guaranteed that your trades will go against you at one point or another. These won’t just be little retracements either. You may experience huge swings and you must be ready and have absolute trust in your analysis in order to remain calm during these times.

You might be a forex position trader if:
 You are an independent thinker. You have to be able to ignore popular opinion and make your own educated guesses as to where the market is going.
 You have a great understanding of fundamentals and have good foresight into how they affect your currency pair in the long run.
 You have thick skin and can weather any retracements you face.
 You have enough capital to withstand several hundred pips if the market goes against you
 You don’t mind waiting for your grand reward. Long term forex trading can net you several hundred to several thousands of pips. If you get excited being up 50 pips and already want to exit your trade, consider moving to a shorter term trading style.
 You are extremely patient and calm.

You might NOT be a forex position trader if:
 You easily get swayed by popular opinions on the markets.
 You don’t have a good understanding of how fundamentals affect the markets in the long run.
 You aren’t patient. Even if you are somewhat patient, this still might not be the trading style for you.
 You don’t have enough starting capital.
 You don’t like it when the market goes against you.
 You like seeing your results fast. You may not mind waiting a few days, but several months or even years is just too long for you to wait.

Any Question?

@ Bella, your items came on Friday. We have sent you email and sms to inform you without any response from. Maybe, you are far away some where that there is no network.

The items came in pieces and we have packaged them together as you requested,see the pictures below.

[size=16pt]Do you know you can start making extra #60,000 and above per month- the Lazy type way - aside your regular day job?[/size]


After my last post where I talked about making above #800,000 per month doing Importation business, I received responses from 33 people and 22 out of them were given me reasons why they may not be able to do that considering their nature of job. I guess I talked about #800,000 being that am a Full Time Importation Business Man and not Part-Time Importation Business BOY.

In view of this,I decided to come to the BOYS level i.e doing the business the lazy BOY way without affecting your day job.

Points to note:
- You imported a single fast selling items (there are ways to identify such items) not 5 items,neither 10 items here because we are doing it the lazy boy way.

-You shipped your items through us (because you cant find our rate elsewhere at this odd exchange rate season).

-You got your items ,listed them on a single E-commerce platform. I will choose Konga here because it is still the lazy boy way.

-With the type of item you purchased,lets assume you are getting at least 2 orders per day (you can get more if you do more) and on each item you are making net profit of #1000 (there are times we do #3,000 to #4,000 on a single item)

Now lets do the calculation;

2 orders per day with #1,000 net profit= #2,000

#2000 x 30 days =#60,000

Do you see yourself doing this already or you think you can't?

Yes, You can !

How can you?

This is not taking much of your time:

We will do the ordering for you,ship them down (if you so wish) and after few days you meet up with us at Ikeja to have your goods. You can quickly do that within 1 hour (your lunch time) or we waybill them to you if you are outside Lagos.

Towards the evening time when you might have closed from work,you used another 15 minutes to 30 minutes to list your item on a single platform and your product gets approved the following day or so. Then you wait for orders to keep coming because this is a fast selling product not minding location or region as some Importation BOYS will teach you to first consider your immediate location before choosing product to sell . Grow up,your target is not to sell offline !

You can wait for 2 days order to come in ,then you drop off on the 3rd day during your lunch hour (This is not ideal because of your store rating,it will be better if you can have someone drop off for you).

Oh sorry ! You just got that thought that Konga drop off point is not in your area like some of my members in Owerri, Aba, Kaduna and some other areas,don't worry. There are ways we do it in the PLAN B Group . If someone from Okitipupa can join us ,what about you in the State Capital city. #Smile# I believe Atesunate is not reading this and Chioma from Owerri.

Oh my Gosh ! I just mentioned the group up there and I dont want to talk about the group this time. Anyway, it do happen like that, I cant skip the name of the group at this juncture. Pardon me .

Now that you have got the logic, I want you to reason along with me:

Imagine;
- having more than 2 orders per day;
- making more than #1000 net profit (we do more than that often,our target is always 100% to 500% on each item except for exceptional instances);
- you have 10 different hot selling items;
- you listed on 5 E-commerce platforms and they are all giving you orders everyday
- you still have some people doing offline sales for you
-And many more that cant be mentioned here because we are not in the PLAN B classroom.

What more do you want to hear?

All cannot be said in a day and I don't want to spoon-feed you telling you all the 'tellables', (permit me to use that word ). You will get to know more joining us.

Any Question (s)?



Is your Plan B in Place yet in this season of high inflation rate and no increment in your wages and salaries?The month of June just started,you can still do something about it.

Day Trading

Day trading is another short term trading style, but unlike scalping, you are typically only taking one trade a day and closing it out when the day is over. These traders like picking a side at the beginning of the day, acting on their bias, and then finishing the day with either a profit or a loss. They DON’T like holding their trades overnight.

Day trading are suited for forex traders that have enough time throughout the day to analyze, execute and monitor a trade. If you think scalping is too fast but swing trading is a bit slow for your taste, then day trading might be for you.

You might be a forex day trader if:
 You like beginning and ending a trade within one day.
 You have time to analyze the markets at the beginning of the day and can monitor it throughout the day.
 You like to know whether or not you win or lose at the end of the day.

You might NOT be a forex day trader if:
 You like longer or shorter term trading.
 You don’t have time to analyze the markets and monitor it throughout the day.
 You have a day job.

Some things to consider if you decide to day trade: Stay informed on the latest fundamentals events to help you choose a direction

You will want to keep yourself up-to-date on the latest economic news so that you can make your trading decisions at the beginning of the day.

Do you have time to monitor your trade?
If you have a full time job, consider how you will manage your time between your work and trading. Basically….don’t get fired from your job because you are always looking at your charts!
Types of Day Trading

Trend trading
Trend trading is when you look at a longer time frame chart and determine an overall trend. Once the overall trend is established, you move to a smaller time frame chart and look for trading opportunities in the direction of that trend. Using indicators on the shorter time frame chart will give you an idea of when to time your entries. First determine what the overall trend is by looking at a longer time frame. You can use indicators to help you confirm the trend.Once you determine the overall trend, you can then move to a smaller timeframe and look for entries in the same direction. Remember this, It’s called Multi-time Frame Analysis!

Countertrend trading
Counter trend day trading is similar to trend trading except that once you determine your overall trend, you look for trades in the opposite direction. The idea here is to find the end of a trend and get in early when the trend reverses. This is a little more risky but can have huge payoffs. Since our thinking is “counter-trend”, we would look for trades in the opposite direction of the overall trend on a smaller timeframe such as a 15 minute chart. Remember that going opposite of the trend is very risky, but if timed correctly, can have huge rewards!

Breakout trading
Breakout day trading is when you look at the range a pair has made during certain hours of the day and then placing trades on either side, hoping to catch a breakout in either direction. This is particularly effective when a pair has been in a tight range because it is usually an indication that the pair is about to make a big move.

Your goal here is to set yourself up so that when the move takes place you are ready to catch the wave! In breakout trading, you determine a range where support and resistance have been holding strongly. Once you do, you can set entry points above and below your breakout levels. As a rule of thumb you want to target the same amount of pips that makes up your determined range.

amyliajane:
@abbeyforex. For someone who works from 9 -5 and gets back say 8. What time will be adviceable to trade. Especially if u cant do it in d office cause of work

You can trade any time sparing between 5 to 10 minutes. There is possibility of setting Entry and Exit point,when price move to your point,your trade gets executed and when it gets to your exit point ,your trade will be closed automatically even while your pc is switched off .

In fact,this importation business is a career option that is worth exploring. Can you imagine buying a product for #996 and selling for #2,650 on one of naija ecommerce website. The platform will deduct around #200 as commission and you will have #2,450 left. Now let's do the calculation:
Sales price: #2650
Deduct commission : #200
Subtotal : #2450
Deduct landing cost: #996
Profit : #1,454

At moment ,we are having averagely 7 orders on 1 of the platform, if you concentrate on 3 of the platforms,its possible you have averagely 20 orders per day (there are proofs)

So, 20 orders multiply by profit will be :
20x#1,454= #29,080 per day
Multiply by 30 days,you will have :
#872,400

How long does it take to become a millionaire? Just 2 months. Its still very much possible in this period of separating the BOYS from the MEN in importation business. That's what we know how to do best in PLAN B group.

amyliajane:
Nice one @abbeyforex. I didnt know one can take trades around 2am to 4pm. Most times people will say the market is sleeping.

The 2am to 4 am is EASTERN TIME and not GMT, you can just add 5 hours to it to the time in Nigeria.

Basically ,it is between 7am to 5pm most cases.
Also the market is a 24 hour market,it only sleep between 10pm to 11pm on FRIDAYS through 10pm to 11pm on SUNDAYS depending on brokers and Day Light Savings.

Types of Traders

Scalper
Scalping is like those high action thriller movies that keep you on the edge of your seat. It’s fast paced, exciting, and mind-rattling all at once. These types of trades are usually only held onto for a few seconds to a few minutes at the most! The main objective for forex scalpers is to grab very small amounts of pips as many times as they can throughout the busiest times of the day. Because scalpers basically have to be glued to the charts, it is best suited for those who can spend several hours of undivided attention to their trading.

It requires intense focus and quick thinking to be successful. It is not for those looking to make big wins all the time, but rather for those who like raking in small profits over the long run to make an overall profit.

You might be a forex scalper if:
 You like fast trading and excitement
 You don’t mind being focused on your charts for several hours at a time
 You are an impatient person who doesn’t like to wait for long trades
 You can think fast and change bias, or direction, quickly
 You have fast fingers.

You might NOT be a forex scalper if:
 You easily get stressed in fast moving environments
 You can’t commit several hours of undivided attention to your charts
 You’d rather make fewer trades with higher profit gains
 You like taking your time to analyze the overall picture of the market

Some things to consider if you decide to scalp:

Trade only the most liquid pairs

Pairs such as the EUR/USD, GBP/USD, USD/CHF, and USD/JPY offer the tightest spreads because they tend to have the highest trading volume. You want your spreads to be as tight as possible since you will be entering the market frequently.
Trade only during the busiest times of the day
The most liquid times of the day are during the session overlaps. This is from 2:00 am to 4:00 am and from 8:00 am to 12:00 noon Eastern Time (EST). Let me say between 9am and 5pm Nigerian Time

Be sure to account for the spread
Because you enter the market frequently, spreads will be a big factor in your overall profit. Be sure your targets are at least double your spread so that you can account for the times the market moves against you.

Try focusing on one pair first
Scalping is very intense and if you can put all your energy in one pair, you’ll have a better chance at being successful. If you start to get accustomed to the pace of things, then you can start by adding on another pair and see how it works for you.

Make sure you follow good money management
This goes for any type of trading, but since you are making so many trades within a day it is especially important that you are sticking to risk management practices.

What is a Trading Plan?

Be your own trader.
In other words: Don’t follow someone else’s trading advice blindly! Just because someone may be doing well with their method, it doesn’t mean it will work for you.
We’re all in different situations in life, and we all have different market views, thought processes, risk tolerance levels, and market experience. Have your own personalized forex trading plan and update it as you learn from the market.

With rock solid discipline, your trading could look like this.
Developing a Trading Plan and sticking to it are the two main ingredients of trading discipline. But trading discipline isn’t enough. Even solid trading discipline isn’t enough. It has to be rock solid discipline.

We repeat: rock solid. We want to be successful traders!

And having rock solid trading discipline is the most important characteristic of successful traders.

A trading plan defines what is supposed to be done, why, when, and how. It covers your trader personality, personal expectations, risk management rules, and trading system(s).

When followed thoroughly, a trading plan will help limit trading mistakes and minimize your losses. After all, “If you fail to plan, then you’ve already planned to fail.”

A trading plan removes any bad decision making in the heat of the moment. Your emotions can consume you when money is on the line, causing you to make irrational decisions. You don’t want that to happen.

The best way to prevent it from happening is to minimize (notice we did not say eliminate) thinking by having a plan for every potential market action. With the right forex trading plan, every action is spelled out, so that in the heat of the moment you don’t have to make any rash decisions. You just simply stick to your trading plan.

The Difference Between a Trading Plan and a Trading System

Before we continue, we have to quickly distinguish the difference between a trading plan and a trading system.
A trading system describes how you will enter and exit trades.A trading system is part of your trading plan but is just one of several important parts, i.e., analysis, executions, risk management, etc.
Since market conditions are always changing, a good trader will usually have two or more trading systems in his or her trading plan.

I almost forgot this thread exists,am sorry . Loads of work is the cause.

tityboi:
More comments from experienced Merchants

No platform like Konga,they rock,they are the best in Nigeria.

morgan2p:
Still reading. From what I gathered news from fundamentals analysis can form a new trend at anytime therefore it is advice able for a newbie to be current with the latest news. Hope am right sir

Not newbies only but every trader.

As a trader you have to be aware of situations like this when data is revised. Not having known that January data was revised, you might have a negative reaction to an additional 12,000 jobs lost in February. That’s still two months of decreases in employment, which ain’t good.

However, taking into account the upwardly revised NFP figure for January and the better than expected February NFP reading, the market might see the start of a turning point. The state of employment now looks totally different when you look at incoming data AND last month’s revised data.

Be sure not only to determine if revised data exists, but also note the scale of the revision. Bigger revisions carry more weight when analyzing the current data releases. Revisions can help to affirm a possibly trend change or no change at all, so be aware of what’s been released.

You can’t always tell, so you have to take it upon yourself to stay on top of what the market commentary is saying and what price action is doing before a report gets released. This will give you an idea as to how much the market has priced in.

A lot can happen before a report is released, so keep your eyes and ears peeled. Market sentiment can improve or get worse just before a release, so be aware that price can react with or against the trend. There is always the possibility that a data report totally misses expectations, so don’t bet the farm away on the expectations of others. When the miss occurs, you’ll be sure to see price movement occur.