Most traders only know how to make directional trades, but ignore volatility trades. They are missing a great money-making strategy.
Today US is going to announce 3 economics datas:
Construction Spending MoM
ISM Prices Paid
So it will be a good day to trade volatility today.
Market is amazingly quiet now, odds for USD/CAD is actually very good. I place US$300 on binary OUT trade, betting that USD/CAD will close out of the 0.9921-0.9951 by 5am China time. The odds is 0.565; if I win I profit US$169.50, if I lose I lost US$300.
Today is the start of the new month, my profit target for this month is still US$1000. Let us see if I can achieve that.