How to read news???

Just trying to figure out this whole High Impact thing when it comes up on the calender ??

how does it work ?

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

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.

the high impact news is the manipulation part of the trade

High Impact' on your calendar means something really important is happening, so pay extra attention and be prepared! 😊

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.

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

It signify major economic announcements expected to significantly influence the markets.

Anything red on the calendar is a warning to get out of any trade before the time

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.

iwuagwu posted:
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.

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.