Forex Calendar - Real-time Info on Data Releases
Forex Calendar contains upcoming and the most recent global events that impact the forex market. The scale of effect is indicated by the "Impact" bar.
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Cur | Event | Actual | Forecast | Previous |
---|---|---|---|---|
USD May 19 15:30 |
Fed Chair Powell Speaks |
|||
GBP May 19 19:01 |
Rightmove House Price Index (MoM) |
1.1% | ||
CNY May 19 21:15 |
China Loan Prime Rate 5Y (May) |
3.95% | 3.95% | |
CNY May 19 21:15 |
PBoC Loan Prime Rate |
3.45% | 3.45% |
How to choose an entry position in news trading?
To be frank, you cannot believe in the price movement before high-impact news got out. Some news traders wait for a minute or two after a news release until the direction of the price is established and technical indicator alarms go off. Only after that, they will decide which direction to take and enter the market. However, don't wait too long. One of the key successes in forex news trading is the quick move.
Another alternative is to wait for reversal and bet that the upcoming news is a game-changer. How? A forex trader who is big on fundamental analysis might believe that a certain pair is going to be bullish, and the trend will be triggered by certain news. So, before the news release, they open a long position when the price is moving near a support level. If it goes on as predicted, then, great! What if it does not? well, they should have put Stop Loss to manage the risk.
Continue Reading at 3 Pointers For Forex News Trading
What are the importance of news in forex trading?
Some news will affect the market very quickly and very drastically. Other events, such as wars, government elections, holidays, and even bad weather, may have significant impacts that may be unique to each currency pair.
Continue Reading at Six Success Tips For Forex Trading
How to apply news trading for CFD?
The price movement of CFD can be influenced by important news releases. For this particular strategy, it is important that you are aware of upcoming events that could impact the value of the underlying asset. You can trade before or after a news release.
If you decide to open a position before the news release, the goal is to try to understand and anticipate traders' reactions to the upcoming release. This can be very risky as there is no exact way to know how the market will react. If this is not for you, then it's better to trade after the news since it allows you to go with the flow.
Continue Reading at Top 5 CFD Trading Strategies You Should Try
When trading unexpected news, you need to be prepared for any possibilities. As a trader, your job is to keep the emotion in check and always look for confirmation signals. Volatility may present opportunities, but it can also be a dangerous sea to unprepared traders. But above all, the most important thing is to be cautious. Trading unexpected news is very risky, so don't risk more than you can afford and be extra wary of knee-jerk market reactions.
Continue Reading at Trading around Headlines: Is It Worth the Risk?
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