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By Alan Farley Updated Nov 2, Millions of neophytes try their hand at the market casino each year, but most walk away a little poorer and a lot wiser, having never reached their full potential. The majority of those who fail have one thing in common: They haven't mastered the basic skills needed to tilt the odds in their favor. However, if one takes adequate time to learn them, it's possible to be on the way to increasing one's odds of success. Instead, they chase hot tips, make binary bets, and sit at the feet of gurus, letting them make buy-and-sell decisions that make no sense.
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Trade balance 9. Manufacturing sector surveys Depending on the current state of the economy, the relative importance of these releases may change.
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When the news hits, the price tends to spike in one direction or has a muted reaction to the data as traders digest the outcome against market expectations. Knowing this, there are two main approaches to trade the news: a Having a directional bias b Having a non-directional bias Directional Bias Having a directional bias means that you expect the market to move a certain direction once the news report is released.
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