Just a fomo and panic just because of a conference meeting of fomc?
Every one already know that they will not have much to say which could harm market.
They will announce a specific date of rate cut or rate cut today.. Atleast they will keep the current rate continue but will not increase rates..
Then why traders in panic to sale? Why don't we all traders understand that such events are conducted to spread fomo and panic in market to take the rates lower and then they could buy on low price..
After few minutes of any such event market pumps back fast..so why people make their own lose, unwanted support to crash the market.. And later on buy the same asset on higher prices..
That's the reason big fishes get more rich and smaller loss even which ever small capital they had..
Need to wake up now, need to understand the bear and whales game..need to understand the games of politics, institutions and market makers..
Stay blessed with a positive and smart attitude..
