You want to catch those big moves, huh? 100pips in 15 seconds! If you do that with BIG leverage you'll be rich! If you could borrow a few thousand, get 400:1....(tap, tap, tap)...by this time next year (tap, tap, tap)....$3,824,932 for working 10 minutes a month
Great plan, only it don't work.
The short-term impact of fundamentals on the FX market is all about
surprise, the unexpected rate hike or NFP numbers will see the kind of moves you're looking to exploit, the bigger the surprise, the bigger the move. The only problem is you won't know the reaction until it's too late!
Unless you're an economic analyst who fully understands the implications of released data (and even the well-respected experts get it wrong sometimes), have a lightening fast news feed and an even faster finger, and of course a broker who gives money away and lets you in, you're best staying right away from 8.30am on Thursdays!
As a novice you want to look for nice steady returns, trade non-volatile markets, follow technicals with a plan and tight money management, it's boring and can be hard work and a lot of hours for sometimes little return but in the long run you will survive and go on to make some decent money. Gambling is best kept in the casino or on the race track!
Mick