Economic Calendar
Turning $10 - $1,000 CHALLENGE - Day 17| Analysis, Pairs , Calendar | Trading For Beginners With $10
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If you don't know how to read economic calendar, then this video is for you. This video will help you to know how big news released affect every currencies pairs.
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How to Trade Forex News and event | Forex Economic Calendar Guide
What is the purpose of Economic Calendar
Economic releases come out from time to time. They are released by the government or government agencies or even by private companies. They contain economic data such as GDP numbers of a country, trade balances of a nation, and employment figures. You have to keep an eye on when economic announcements are coming out. An economic calendar can fulfill this purpose. These announcements may make the market more volatile or offer trading opportunities. Economic releases are important to predict the market situation. It gives you the whole picture of the economy of a nation.
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How to Use Economic Calendars Effectively | forex economic calendar Guide
Economic calendars are very important for the traders to foresee what might move the market in the future. There are both paid and free calendars available. Economic calendars contain the news, events, and announcements which may cause movements in the market. No trader wants to place trades right before a massive change in the market that works against him/her. You can make trading plans to take advantage of the upcoming economic surprises by using an economic calendar like Forex Factory.
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It’s common to hear that news-based trading might be advantageous. Many traders read Forex tutorials and attend Forex webinars to better understand the Economic Calendar and its benefits.
Hop on to our video to learn to trade on NFP and CPI releases. With the examples, we are showing how the Economic Calendar strategy can become the winning strategy.
00:00 What is the Economic Calendar?
01:47 How to trade on the events?
03:02 Example of trading EURUSD on NFP
Did you know? We've added a new Economic Calendar feature to FX Replay. #fxreplay
In this second instalment of our 3-parts fundamental analysis lessons, we will talk about the biggest event in the Forex markets and how they can affect your trading.
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A quick video on how to get the most from the Forex Factory Calendar.
We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
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We have a subscriber here saying that they currently they're not using something like MetaStock Xenith for their economic calendar like we do, which is this one over here, but they are using the Forex Factory calendar and wanted to know whether the calendar was okay to use and how they can get the most from it.
Yes, you can certainly use the Foreign source, or Forex Factory calendar rather. I use Xenith, the Xenith calendar on a daily basis, but you know, I also go through the Forex factory one, from time to time as well as making sure whether there's, you know, anything extra or significant that I might've missed.
So absolutely nothing wrong with using the Forex Factory calendar. And it would be a calendar that I would recommend any new traders to use, if they don't have Xenith because it's very user friendly.
Now you asked specifically about Forex Factory, so I'm not going to go into any major details right now about any of the other free calendars, but just for reference like, you know, the economic calendars from investing.com as well as the other one from Trading Economics as well as Myfxbook, all of them offer great calendars on their sites and definitely other options you can also consider apart from Forex Factory, so just keep that in mind.
So I think the first place to start will be just the basic navigation of the calendar. So I'm looking over to the left-hand side we have the dates that's obviously going to be important. Yeah, you can select either a specific days, or you would just wanna see the upcoming day coming up, which is Monday the 15th, or you wanna see the entire week, you can just click that arrow, it'll show you the entire week, or you can select, you know, this month, if you select this month, it's obviously gonna give you the entire month.
So that's just a quick navigation tool to use on the left-hand side. The other one that's handy is the time selection. So if you go right, you're on the right hand side, you'll see there's an actual time there. And if you click on that, you can actually change the GMT to fit your time. Make sure that whenever you are seeing the news event, you're seeing it in your own local time.
Then looking at the basic layout of how it's structured on the left-hand side we have the dates. Obviously we have the time when it's coming out, which will be important once you've changed your local time, then you have the currency that it's expected to impact. You'll also have the impact measurement.
Obviously news, the importance of news events will change based on the anticipation, based on the market's expectations of it, based on the current market sentiment and the fundamental analysis or fundamental bias with the currency. So take the impact with a patient of salt. Sometimes a red or high impact event won't have any impact in the market and sometimes a very lightly, or a light impact a marked event can have a huge impact in the market. There we also we'll get to the details just now. Then we have the forecast column, which is obviously handy to see where the consensus is aimed.
Also keep in mind that the consensus year, it's probably not gonna be as accurate as some of the paid versions, and because we're not sure where they get that full cost information from. So also keep that in mind. And then very handy is to see the prior reading for these events as well. Now going into the details, this is really very handy from the calendar.
Now, if we click on that little folder, which has open detail actually gives us a nice description of exactly what the economic event is all about, you know, what it measures the usual effect and why traders care about it. And of course, that's very handy on the right-hand side, it gives you the history, you know, so it gives you a trend, it gives you an information on a more trending basis showing you what the recent numbers looked like.
Overall all in all a great free economic calendar with plenty of nifty features as we've seen. As with most calendars, you know, the events they're gonna be fast, but not as far as some of the pay calendars like Xenith in my opinion. And it also lacks some of the more in-depth details, for more thorough analysis. But for those looking for a free calendar, that this is definitely one, a great option in my opinion to use.
So hope that helps with all of the questions we've gotten about Forex Factory. Great calendar to use from a free, as a free source. And any other questions on this, please don't hesitate to let us know.
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In this video, we'll show you how to use the Forex economic calendar to stay on top of the latest economic events and data releases that can affect currency prices. Whether you're a beginner or an experienced trader, understanding how to read and interpret the economic calendar is essential for making informed trading decisions.
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Economic Calendar Tips For FX Traders. What is a forex economic calendar? If you're trading fx you will probably be familiar with the economic calendar. This is a calendar of scheduled economic data releases from different countries. These are announcements that look at a variety of different things like the interest rate announcements, jobs numbers (non-farm payrolls..etc), CPI, PPI..etc and these potentially effect the price of the currency pair you are trading.
- Filter for yoru pairs
- Avoid holding data over data that are new/tight
- Understand what data is important and which is not.
- Use data as a starter to conduct analysis from.
- Plan how you will/won't trade after a major move.
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How to trade forex (or any market) on news releases? http://www.financial-spread-be....tting.com/strategies PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! How to tell if breaking news will affect a market or not? Impact of news events on market prices.
How to trade forex after a major news release?
We've all experienced this; breaking news comes and the market doesn't move and the other extreme; news coming out and a market sharply taking off. You can't know for sure whether a new announcement is going to impact the markets or not but you can pick up the clues.
Pre-News - how do we know if something is going to be interesting or not? If we take an economic calendar for instance, news that is likely to impact the markets is likely to be highlighted in the software. CPI, PPI, NFP can all be important although there are of course no guarantees. Check the analysts forecasts and expectations. Go back on the past numbers and see how the market has reacted to such news releases.
Post - after the news has come out we often get a spike to the upside and a spike back to the downside and back to the middle or we get a sharp move on one side and a new trend occuring. As traders we don't really care what the news is but what people will perceive it. If its a re-price scenario it will allow us time to re-position ourselves.
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5 Ways to Make Money from Trading the News 🖐️
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In this video I will be sharing my Opinion on How to Trade the News in Forex, this approach can be taken when looking into developing a news trading strategy that looks to take advantage of the trading of the entire forex economic calendar.
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Weekly Review, #Fred #Razak - Chief Trading Strategist at CMTrading discusses the economic events of the past week.
https://www.cmtrading.com/?lang=en
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BIGGEST EVENTS OF THE WEEK: July 3rd – July 7th, 2023
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Meta hits new year highs.
[FOREX] EURO bounces off support
[INDICES] NASDAQ & DOW JONES Jones selloff
[COMMODITIES] GOLD unchanged, OIL trades to resistance
[STOCKS] TECH STOCKS still showing strength even after selloff
[CRYPTO] BITCOIN unchanged
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#CMTrading #EconomicEvents #MarketReview #FinancialNews #StockMarkets #Forex #ForexTrading
We explain how to look forward to trading the news instead of fearing it. For more macro-trading education visit https://financialsource.co
Forex Factory is one of the most popular sites for forex traders online today. Its calendar provides great information for all types of traders. Using it will help you to understand the impact of news on the market, which could reflect on increased profit on your account.
So, how do you use the Forex Factory calendar? We explain all you need to know in this video:
1:11 Forex Factory Features.
1:56 Economic Calendar Navigation
3:29 Economic Calendar Features
5:49 How to Read an Economic Event
10:00 Changing Time Zone Settings
10:47 Using the Event Filter
Link to full guide: https://www.forexboat.com/fore....x-factory-economic-c
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