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How to read news???
Sep 13, 2023 at 11:41
1,761 Views
12 Replies
Member Since Aug 30, 2023
1 posts
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 ?
Member Since Apr 26, 2023
25 posts
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.
Member Since Oct 26, 2022
2 posts
Sep 14, 2023 at 17:30
the high impact news is the manipulation part of the trade
Member Since Jun 28, 2023
15 posts
Sep 19, 2023 at 14:06
High Impact" on your calendar means something really important is happening, so pay extra attention and be prepared! 😊
Nov 05, 2023 at 22:38
(edited 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.
Member Since Nov 06, 2023
8 posts
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
Member Since Jan 12, 2023
20 posts
Dec 18, 2023 at 07:02
It signify major economic announcements expected to significantly influence the markets.
Member Since Jun 21, 2018
10 posts
Dec 18, 2023 at 15:16
Anything red on the calendar is a warning to get out of any trade before the time
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.
Member Since Feb 02, 2024
23 posts
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.
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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