On Friday, the NFP's came out.This is pretty much the most volatile piece of news that can come out. Comes out the first Friday of every month.

In the past, it was a time of fear for me in my trading. In my first few months of trading, when I did not have a clue about charts, news etc., all of a sudden I would see pairs screaming up and down. No idea why. Soon discovered how the news would cause currency pairs to spike. Thought I should maybe be aware of news events.

Many months after, while sitting with a friend/mentor who made is living trading in the Forex, the topic of news events came up. He said to me .."news? what news?".. I was perplexed. How can you trade without watching the news. He opened up my eyes to my beliefs of today, that the news is priced into the charts. He looked at the bigger picture when determining trades.

I did not mention the NFP's in my last post, as I do not believe that the forecasts need to be mixed or tainted by news events. I made a gbp/usd trade, the night before the NFP knowing that I would be boarding a plane right when the news came out. Had faith in the forecast, and my trade turned to profit.

The forecasts are about having the freedom to get on with your life and not gazing at a screen all day. I could have made more than my 30 pips if I was watching the screen when the news came out. I could have rode the trade deep into bigger profit. But I was getting on with my life and sticking to my plan.

The Forecasts are based on studies of many different markets, news event pricing charts, and years of data. Used properly, and as I have discussed many times in this blog, you can have a life and make money in forex.

I hope you all hit your targets on Friday.