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How to read news???
Členem od Aug 30, 2023
1 příspěvků
Sep 13, 2023 at 11:41
Členem od Aug 30, 2023
1 příspěvků
Just trying to figure out this whole High Impact thing when it comes up on the calender ??
how does it work ?
how does it work ?
Členem od Oct 15, 2021
1 příspěvků
Sep 13, 2023 at 13:02
Členem od Oct 15, 2021
1 příspěvků
check the economic calendar and be wary of red folders, just click the hypertext you can read there the meaning of the news, you can go deeper in YT
Členem od Apr 26, 2023
25 příspěvků
Sep 14, 2023 at 08:58
Členem od Apr 26, 2023
25 příspěvků
When an event is labeled as 'High Impact' on an economic calendar, it signifies that the event is likely to have a significant influence on financial markets. These events often involve major economic indicators or news releases, and they can lead to increased market volatility and price movements.
Členem od Oct 26, 2022
3 příspěvků
Sep 14, 2023 at 17:30
Členem od Oct 26, 2022
3 příspěvků
the high impact news is the manipulation part of the trade
Členem od Jun 28, 2023
17 příspěvků
Sep 19, 2023 at 14:06
Členem od Jun 28, 2023
17 příspěvků
High Impact' on your calendar means something really important is happening, so pay extra attention and be prepared! 😊
Členem od Nov 01, 2023
3 příspěvků
Nov 05, 2023 at 22:38
(Upravené Nov 05, 2023 at 22:41)
Členem od Nov 01, 2023
3 příspěvků
please tell me, I find it very difficult on how to relate the news (economic calendar) to chart. when there is a high impact news on the USD, does it mean that the USD will go downwards or upward?
example of GBPUSD, when I buy, I buy GBP and when I sell, I sell the USD.
example of GBPUSD, when I buy, I buy GBP and when I sell, I sell the USD.
Členem od Nov 06, 2023
9 příspěvků
Nov 06, 2023 at 14:47
Členem od Nov 06, 2023
9 příspěvků
Whether USD will go up or down depends on how the data compares to the EXPECTED results (not necessarily the previous month result). If the data is better than expectation then USD will rise, if it is worse then it will fall
Členem od Jan 12, 2023
20 příspěvků
Dec 18, 2023 at 07:02
Členem od Jan 12, 2023
20 příspěvků
It signify major economic announcements expected to significantly influence the markets.
Členem od Jun 21, 2018
10 příspěvků
Dec 18, 2023 at 15:16
Členem od Jun 21, 2018
10 příspěvků
Anything red on the calendar is a warning to get out of any trade before the time
Členem od Nov 08, 2022
27 příspěvků
Dec 20, 2023 at 06:52
Členem od Nov 08, 2022
27 příspěvků
High-impact events on the calendar mean big market moves and trading chances. Check them out here; you can filter by impact and choose specific countries.
Členem od Dec 02, 2019
1 příspěvků
Jan 06 at 02:21
Členem od Dec 02, 2019
1 příspěvků
iwuagwu posted:I am trying to get my head around this also my understanding so far is... The value of a currency is based on a countries economic strength much like the share price of a company. Good news for the countries economy (or higher than expected) will cause the currency value to increase and the paired currency to fall in relation i.e. On the release of higher than expected jobs data created in America, USD will increase in value against its pairs and vice versa in times of economic uncertainty, recession, wars, banks and buyers flock to gold as a hedge and in turn gold will increase in price XAUUSD in line with demand.
please tell me, I find it very difficult on how to relate the news (economic calendar) to chart. when there is a high impact news on the USD, does it mean that the USD will go downwards or upward?
example of GBPUSD, when I buy, I buy GBP and when I sell, I sell the USD.
Členem od Feb 02, 2024
23 příspěvků
Feb 20 at 07:58
Členem od Feb 02, 2024
23 příspěvků
High-impact events on the calendar can definitely be confusing, especially if you're new to forex trading. These are basically economic announcements or data releases that have a significant potential to move the market. Traders themselves adjust their positions, manage risk, or even stay on the sidelines during these events.
Členem od Mar 20, 2014
92 příspěvků
May 03 at 15:08
Členem od Mar 20, 2014
92 příspěvků
News trader of 12 years here. It's possible to make this work in your favour but there are a lot of technical barriers to news trading as a retail investor;
- Speed of your live news feed vs broker news feed - if yours is slower you'll always miss out on the spike
- Understanding which pairs are affected in which way
- Understanding the nature of the pace of a spike and retrace (using historical data paired with knowledge of what the expected vs actual data was)
- being able to fire an order with sufficiently low latency to a broker AND get it filled without slippage
these are a bare few examples of what you need to handle.....IF you get these down and many other variables....you then need to actually get your profits from the broker 😄 not always as easy as you think
Good luck!
- Speed of your live news feed vs broker news feed - if yours is slower you'll always miss out on the spike
- Understanding which pairs are affected in which way
- Understanding the nature of the pace of a spike and retrace (using historical data paired with knowledge of what the expected vs actual data was)
- being able to fire an order with sufficiently low latency to a broker AND get it filled without slippage
these are a bare few examples of what you need to handle.....IF you get these down and many other variables....you then need to actually get your profits from the broker 😄 not always as easy as you think
Good luck!
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