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How to read news???
Sep 13, 2023 at 11:41
1,773 Zobrazení
12 Replies
Členom od Aug 30, 2023
1 príspevkov
Sep 13, 2023 at 11:41
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 ?
Členom od Oct 15, 2021
1 príspevkov
Sep 13, 2023 at 13:02
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
Členom od Apr 26, 2023
25 príspevkov
Sep 14, 2023 at 08:58
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.
Členom od Oct 26, 2022
2 príspevkov
Sep 14, 2023 at 17:30
the high impact news is the manipulation part of the trade
Členom od Jun 28, 2023
15 príspevkov
Sep 19, 2023 at 14:06
High Impact" on your calendar means something really important is happening, so pay extra attention and be prepared! 😊
Členom od Nov 01, 2023
3 príspevkov
Nov 05, 2023 at 22:38
(upravené Nov 05, 2023 at 22:41)
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.
Členom od Nov 06, 2023
8 príspevkov
Nov 06, 2023 at 14:47
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
Členom od Jan 12, 2023
20 príspevkov
Dec 18, 2023 at 07:02
It signify major economic announcements expected to significantly influence the markets.
Členom od Jun 21, 2018
10 príspevkov
Dec 18, 2023 at 15:16
Anything red on the calendar is a warning to get out of any trade before the time
Členom od Nov 08, 2022
1 príspevkov
Dec 20, 2023 at 06:52
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.
Prílohy:
Členom od Dec 02, 2019
1 príspevkov
Jan 06, 2024 at 02:21
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.
Členom od Feb 02, 2024
23 príspevkov
Feb 20, 2024 at 07:58
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.
Členom od Mar 20, 2014
93 príspevkov
May 03, 2024 at 15:08
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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