Hello Guest, if you are reading this it means you have not registered yet. Please take a second, Click here to register, and in a few simple steps you will be able to enjoy all the many features of our fine community. Note that lewd or meaningless nicknames are prohibited (no numbers or letters at random) and please introduce yourself in the section for you to meet our community.
pcm brokers pcm brokers pcm brokers
Results 1 to 10 of 10
  1. #1
    Senior Trader
    Join Date
    Mar 2015
    Posts
    449
    Post Thanks / Like
    Credits
    240
    My Language
    English

    Important Fx news reports.

    In Forex ground, There is always this argument whether news is necessary in Forex or not. By the way, according to my own trading experience I believe we really can take advantage on some news reports that actually moves the Fx market. These news reports include:

    1) Report on Employment: This is very important report that that has a lot of impact on the market that of US is related every first Friday of the month by 2:30PM (GMT: +1).

    2) Customer Price Index: This is a great market mover. That of US is normally released within the 20th day of each month by 2:30PM (GMT: +1).

    3) Non- farm payroll: This is a great market mover in addition; it is a united state news data. It is released every first Friday of the month by 2:30Pm (GMT: +1).

    4) Customer Confidence Index: This report for US comes out every last Tuesday of the month at 4:00PM (GMT: +1).

    5) Retail sales: This data for united state is always on around 12th of each month and released by 2:30Pm (GMT: +1).

    6) Trade Balance: This data for US is released on the 2nd week of every month by 2:30PM (GMT: +1).

    7) Treasury International Capital: This data normally released within the 12th business day of the month around 3:00PM (GMT: +1).

    Please, there are more this are the once I have capitalized on from my work on the market and I recorded this data from recent January of this year. Even, if you do not want to capitalize on these reports. Do not place an immediate execution trade before their released for the reason that if the market goes against you from their released, the outcome might be too bad. I also get hold of the result of the news from popular sites of Forex news. By the way, I only used my local time GMT: +1. So, so it will better if you convert to your own local time.

  2. Thanks PCMNewsdesk thanked for this post
  3. #2
    Kevin Pietersen
    Guest
    In my personal opinion, the high impact news like you mention above can move the market price very widely. This is way, personally I never trade during this kind of high voltage news released. Because, during this periods the market price usually very volatile. There are also several disadvantages if we trade in high impact news without clear sense of news trading. First of all, if we made the wrong trade the market will move against our position. As a result, we’ll lose big amount of our trading balance. on the other hand, if we make big profit then we’ll be too much greedy and ultimately you’ll crash our full trading capital.

  4. #3
    Senior Trader
    Join Date
    Mar 2015
    Posts
    449
    Post Thanks / Like
    Credits
    240
    My Language
    English
    Quote Originally Posted by Kevin Pietersen View Post
    In my personal opinion, the high impact news like you mention above can move the market price very widely. This is way, personally I never trade during this kind of high voltage news released. Because, during this periods the market price usually very volatile. There are also several disadvantages if we trade in high impact news without clear sense of news trading. First of all, if we made the wrong trade the market will move against our position. As a result, we’ll lose big amount of our trading balance. on the other hand, if we make big profit then we’ll be too much greedy and ultimately you’ll crash our full trading capital.
    Actually, this shows that there something you have not tried out before the news is released that made you too frightened of news trading. By the way, I have a special suggestion for you but try this on your demo account first and if you get good result use this method is your live trading account:

    1) Wait till 5 minutes to the time of the release of any of the above news.

    2) During that time on either EUR/USD pair or USD/CHF pair, try placing 2 pending order of buy stop and sell stop. Let each of them be at an entry point of 10 pips above the current market price for buy stop and 10 pips below for sell stop.

    3) You should set your stop loss for 15 pips on the other hand you need to use your take profit for 20 pips.

    4) 20 minutes after the news release, you will see that one of the orders has been executed because of the volatility you are talking about and probably you might have as well picked your profit from the market.

    5) Close your other order that was not picked.

  5. #4
    Senior Trader
    Join Date
    Mar 2015
    Posts
    428
    Post Thanks / Like
    Credits
    249
    My Language
    English
    Very informative post this is! I am sure which new traders are interested to learn news trading from the 1st part; you post help them a lot! Yes, I am also in the beginning stage of news trading! Right now, technical analysis is my main strength! Yes I already understood, only technical analysis is not enough here!

  6. #5
    Senior Trader
    Join Date
    Mar 2015
    Posts
    444
    Post Thanks / Like
    Credits
    309
    My Language
    English
    I must say, this is very much useful posts for the new Forex traders who really want to learn fundamental trading from the basic level! By the way, when I was a new Forex trader then I followed only Economic Calendar of Forex Factory but right now I am also using FXStreet and DalyFx. By the way, I don’t follow any data without market context! That’s why, now I am not facing any unrealistic losses.

  7. #6
    Golden Trader
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    2,147
    Post Thanks / Like
    Credits
    3,892
    My Language
    English
    Quote Originally Posted by Zachary Davis View Post
    I must say, this is very much useful posts for the new Forex traders who really want to learn fundamental trading from the basic level! By the way, when I was a new Forex trader then I followed only Economic Calendar of Forex Factory but right now I am also using FXStreet and DalyFx. By the way, I don’t follow any data without market context! That’s why, now I am not facing any unrealistic losses.
    I am doing my Forex Trading with the International Forex Broker FXOpen Markets and they have Fast Deposits and Withdrawals

  8. #7
    Golden Trader
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    2,147
    Post Thanks / Like
    Credits
    3,892
    My Language
    English
    I am doing my Forex Trading with the ECN Forex Broker FXOpen Markets and they allow me to do News Trading and Scalping.

  9. #8
    Junior Trader
    Join Date
    Oct 2022
    Posts
    3
    Post Thanks / Like
    Credits
    46
    My Language
    English
    Perdagangan aset sangat berbeza daripada pelaburan. Di sana anda perlu menggunakan kaedah analisis dan pemilihan aset yang berbeza sama sekali. Oleh itu, pelajari cara berdagang mata wang kripto https://ms-brokerfbs.com/analytics/t...-trading-36807 dan yang mana lebih baik untuk dipilih untuk membuka dagangan di laman web broker fbs.

  10. #9
    Golden Trader
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    2,147
    Post Thanks / Like
    Credits
    3,892
    My Language
    English
    We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen

  11. #10
    Golden Trader
    Join Date
    Dec 2020
    Location
    Asia
    Posts
    2,147
    Post Thanks / Like
    Credits
    3,892
    My Language
    English
    I have been doing my Forex Trading from the last 10 Years with FXOpen Markets and they have very secure and fast Trading MT4 Terminal

  12. ARIONFORXtarder
 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBulletin® Version 4.2.5
Copyright © 2023 vBulletin Solutions Inc. All rights reserved.
Credits System provided by vBCredits II Deluxe v2.1.1 (Pro) - vBulletin Mods & Addons Copyright © 2023 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like v3.3.0 Patch Level 2 (Lite) - vBulletin Mods & Addons Copyright © 2023 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
All times are GMT +4. The time now is 03:33 PM.
CompleteVB skins shared by PreSofts.Com