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April 10, 2012

Public Holiday and NFP

Hello fellow traders,
Today there was no trade in my Zulutrade portfolio due to Easter Monday and Non-farm Payroll.
NFP was released last Friday and usually the consequences can be seen until Monday after the weekend. This time we were affected by the Easter Holidays aswell, which count for almost every western country.
My signal provider Forex Cruise Control AAAFX decided to make no trades in order to stay on the safe side. It was a very low volume day and therefore indicators are usually not reliable or even prone to give false results.
In this case I am very happy that my Signal Provider made the decision not to trade, as capital preservation is the N1 rule in this business.

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