It was FOMC day today. Numbers days, as days like this are called, are a good thing to understand when you learn to trade. Why? because they can actually be days with two completely different characteristics within them. Before the numbers. And after the numbers.
FOMC is all about interest rates. In the run up to the Fed announcements about interest rates today we saw the markets perfectly respect the numbers we had predicted hours earlier and delivered us some nice profits. What did we do then? Well, what anyone sensible does. We stopped trading and went to do something else. In our case, we went cycling. And why not?
Numbers days are strange, and today was odd for sure. Most officials now expect to raise rates by the end of 2023, rather than hold them near zero. That meant only one thing - a major market reaction and a lot more volatility. Too much volatility for smaller traders. You see at Inteligex we know how volatility works. We know when it is in the right range for us to make money trading. When it is safe. And when it isn't.
Numbers days can often create too much volatility for us ,so we take our profits and then we stop trading. That is the way to make maximum profits when trading. See a high probability trade. Take it. Bank. Do something else.
At Inteligex we're passionate about trading. We live trade almost every day. You learn to trade by watching us and listening to how we trade and why we are trading. We have the same software you do. Nothing is hidden. It's the easiest and most honest way of learning how to trade like a professional - even if it just a hobby.
Todays full market open video is below. There are dozens more in our YouTube library. Watch a few and see just how simple Inteligex makes it to trade profitably.