On Tuesday, we have U.S. inflation data (CPI), and the day could be volatile.
The data comes out Tuesday, November 10, at 4:30 PM Baghdad time.
Why does it matter? If inflation comes in high, the chances of an interest rate hike increase, which usually puts pressure on $BTC and risky currencies. If it comes in lower than expected, we could see some relief.
A few simple tips for beginners:
1. Don’t open a highly leveraged trade just minutes before the news—the market could move sharply in either direction.
2. Set your stop-loss before entering, not afterward.
3. Don’t risk more than 1–2% of your portfolio on a single trade.
4. If you’re not sure, waiting is a decision too.
How do you handle major news? Do you trade or just watch?
#BinanceSquare #CPI #RiskManagement
The data comes out Tuesday, November 10, at 4:30 PM Baghdad time.
Why does it matter? If inflation comes in high, the chances of an interest rate hike increase, which usually puts pressure on $BTC and risky currencies. If it comes in lower than expected, we could see some relief.
A few simple tips for beginners:
1. Don’t open a highly leveraged trade just minutes before the news—the market could move sharply in either direction.
2. Set your stop-loss before entering, not afterward.
3. Don’t risk more than 1–2% of your portfolio on a single trade.
4. If you’re not sure, waiting is a decision too.
How do you handle major news? Do you trade or just watch?
#BinanceSquare #CPI #RiskManagement
