Edit Your Comment
How to read news???
Mitglied seit Aug 30, 2023
1 Posts
Mitglied seit Apr 26, 2023
25 Posts
Sep 14, 2023 at 08:58
Mitglied seit Apr 26, 2023
25 Posts
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.
Mitglied seit Oct 26, 2022
3 Posts
Mitglied seit Jun 28, 2023
17 Posts
Nov 05, 2023 at 22:38
(bearbeitet Nov 05, 2023 at 22:41)
Mitglied seit Nov 01, 2023
3 Posts
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.
Mitglied seit Nov 06, 2023
9 Posts
Mitglied seit Jan 12, 2023
20 Posts
Mitglied seit Jun 21, 2018
10 Posts
Dec 20, 2023 at 06:52
Mitglied seit Nov 08, 2022
27 Posts
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.
Jan 06 at 02:21
Mitglied seit Dec 02, 2019
1 Posts
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.
Mitglied seit Feb 02, 2024
23 Posts
Feb 20 at 07:58
Mitglied seit Feb 02, 2024
23 Posts
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.
May 03 at 15:08
Mitglied seit Mar 20, 2014
92 Posts
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!
*Kommerzielle Nutzung und Spam werden nicht toleriert und können zur Kündigung des Kontos führen.
Tipp: Wenn Sie ein Bild/eine Youtube-Url posten, wird diese automatisch in Ihren Beitrag eingebettet!
Tipp: Tippen Sie das @-Zeichen ein, um einen an dieser Diskussion teilnehmenden Benutzernamen automatisch zu vervollständigen.