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How to read news???
Tham gia từ Aug 30, 2023
1bài viết
Tham gia từ Apr 26, 2023
25bài viết
Sep 14, 2023 at 08:58
Tham gia từ Apr 26, 2023
25bài viết
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.
Tham gia từ Oct 26, 2022
3bài viết
Tham gia từ Jun 28, 2023
17bài viết
Sep 19, 2023 at 14:06
Tham gia từ Jun 28, 2023
17bài viết
High Impact' on your calendar means something really important is happening, so pay extra attention and be prepared! 😊
Nov 05, 2023 at 22:38
(đã sửa Nov 05, 2023 at 22:41)
Tham gia từ Nov 01, 2023
3bài viết
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.
Tham gia từ Nov 06, 2023
9bài viết
Tham gia từ Jan 12, 2023
20bài viết
Dec 18, 2023 at 07:02
Tham gia từ Jan 12, 2023
20bài viết
It signify major economic announcements expected to significantly influence the markets.
Tham gia từ Jun 21, 2018
10bài viết
Dec 18, 2023 at 15:16
Tham gia từ Jun 21, 2018
10bài viết
Anything red on the calendar is a warning to get out of any trade before the time
Tham gia từ Nov 08, 2022
27bài viết
Dec 20, 2023 at 06:52
Tham gia từ Nov 08, 2022
27bài viết
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
Tham gia từ Dec 02, 2019
1bài viết
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.
Tham gia từ Feb 02, 2024
23bài viết
Feb 20 at 07:58
Tham gia từ Feb 02, 2024
23bài viết
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.
Tham gia từ Mar 20, 2014
92bài viết
May 03 at 15:08
Tham gia từ Mar 20, 2014
92bài viết
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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