How to Trade and Profit during part 2 #FOMC #trading

22 Jun 2023 · 0 min

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In this segment of the video, the host emphasizes that Federal Open Market Committee (FOMC) meetings and Consumer Price Index (CPI) releases—typically occurring on Wednesdays—act as strong market catalysts that can cause extreme and erratic price movements in crypto assets. He warns that traders, especially those lacking experience, should avoid trading on these days unless they fully understand the heightened volatility, as many get “wrecked” by sudden swings. The advice is framed as a preparedness tip for the audience, encouraging them to be aware of these events and to manage risk accordingly.

Now it's very important that you pay attention to these events because they can be catalysts to do really, you know, just really shenanigans kind of price action. And on the trading days where an FOMC or a CPI is happening, which is usually on Wednesday, you don't— you want to try your best not to be trading unless you know what you're doing because price action is going to be very volatile. And a lot of people get wrecked by this, at least a lot of people who don't know about these events, but you guys are prepared.