F.O.M.C (Federal Open Market Committee) - Federal Open Market Committee. A meeting consisting of 12 people that takes place 8 times a year and makes decisions on U.S. monetary policy and interest rates.
So let's break down what happens in the market during the meeting:
Market volatility increases,
there is indiscriminate opening of trades in anticipation of large profits, greed runs high, chaos prevents market forecasting, trading occurs without sound, balanced decisions.
As a result, this leads to significant losses for both sides of the market.
To avoid this, you need to refrain from trading on the day of the meeting, wait for the full report, and allow time after it for the market to cool down, and for it to start moving in one direction or another with the reception of information.
Conclusion: do not try to make money on small fluctuations during news, it will lead to losses in any case.
Stay calm regarding the news; even long-term investors make serious mistakes by succumbing to panic.
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