The night before the U.S. NFP was due out I was planning to go long EUR/USD knowing that the expected NFP numbers might be on the sluggish side for May. So, having been burned last month when most of the leading analysts that I follow forecasted a much lower new jobs number this time I waited for the news to be released and then shorted the pair a few minutes after the initial spike. My gut feeling was that the Euro is free-falling right now and that a Euro spike would be short-lived. I was right this time. I am learning fast not to trade on the news but rather sit on the sideline for twenty minutes and wait for an established trend. I am relatively new to this and am learning more every day. I spend 40-50 hours a week reading everything that I can find on currency trading, strategies and technical analysis. I am now a Forex student for life and one day hope to have learned enough to trade for a living. I had planned on spending $3000 on 4xMade easy software, however, I feel that with the amount of time I am committing to studying the technical charts and keeping up to date with the latest economic news, I will eventually make a few bucks doing this. Am I looking to get rich quick? No! But I am looking to get poor slower. I have learned a lot in this forum. Thank you to everyone. EJM
