How to Trade the News in Forex: 5 Events You NEED To Know!

Published on February 8, 2023

Find More Research Top Searched Forex Event Driven Trading on Forex, How to Trade the News in Forex: 5 Events You NEED To Know!.


In this video, we’re going to take a look at the top 5 news events you need to know in order to trade the Forex market.

Max Norbury is going to provide his rigorous analysis and explain every important piece of information regarding the unemployment rate and GDP, alongside other crucial economic data such as consumer prices indexes, interest rates and Non-farm payrolls reports etc.

These events can cause big movements in the markets, so it’s important that you’re aware of them!

0:00 – Intro
0:17 – How does Unemployment Rate affect the FX market?
1:26 – How does Gross Domestic Product (GDP) affect a currency?
2:57 – How CPI (Consumer Price Index) impacts forex trading?
4:12 – What is the relationship between interest rates and foreign exchange?
5:30 – What is NFP and how does it affect the forex market?
7:45 – Conclusion

#tradethenews #nfp #forexnewsevents #gdp #cpi #unemploymentrate

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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.

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How to Trade the News in Forex: 5 Events You NEED To Know!, Forex Event Driven Trading on Forex

Forex Event Driven Trading on Forex, How to Trade the News in Forex: 5 Events You NEED To Know!.


Measurable Event Trading Versus Over-Simplistic Assumptions

Spikes do not vary much hereof, they just take place over a smaller window of time. A spike happens in the first place since the market has simply learned brand-new information, info which is not yet “priced in”. Depending upon the extent of the info, the spike will be big or little, and also proceed or stop working. To describe this concept a little much better, I’m going to cite what numerous event-driven quantitative techniques do often:

Developers of these event-based (spike) trading methods are able to quantify information gotten from economic data releases rather easily. They simply take the deviation from the real and also expected number, pair it with various other economic information launches that happen at that point in time (if needed), take the typical adjustment in price before and also after particular discrepancies occur, the duration in which these modifications take place, and are able to enhance a method based on this as well as any other technological elements they want. They have a history of data (numbers) with which to work.

In all of the aspects listed above, numbers are offered, as well as devices need numbers. Yet what occurs when a spike is caused by a comment from a high ranking government official? No numbers there, just words. Yes, words.

What regarding words? Words, when it involves shows, can be numbers. Let me describe:

Words are weights, when measured versus each other in regard to cost activities. “downgrade” brings a different weight than “stimulation” or “protect” or “shield the currency”, etc., depending on that it is originating from and the context of other words utilized at the time.

High and low ranking government officials can be weights. The high ranking government official evaluates more than a low ranking government official, etc. A ranking agency, and the words used in their press releases, can be weight. AND SO ON etc.

So when you take an industry-standard news feed, assign weights (numbers) to everything pointed out over against typical cost activities, time, other technical elements, and so on, you wind up with a sample of information that can be maximized into a potentially successful trading method.

And also while I understand it all might appear ludicrous at first, if you believe I’m just drawing your leg on every one of this, reconsider. While I’m giving a really simplified description of the idea, it is indeed used in primarily all markets by various participants, as well as absolutely in this one.

What is a pip in foreign exchange?

Pips are the systems used to gauge motion in a foreign exchange pair. A foreign exchange pip is generally comparable to a one-digit movement in the fourth decimal area of a money pair. So, if GBP/USD actions from $1.35361 to $1.35371, then it has relocated a solitary pip. The decimal places revealed after the pip are called fractional pips, or occasionally pipettes.

The exception to this guideline is when the quote money is provided in much smaller sized religions, with one of the most noteworthy example being the Japanese yen. Right here, an activity in the second decimal location makes up a single pip. So, if EUR/JPY moves from ยฅ 106.452 to ยฅ 106.462, again it has actually relocated a single pip.

The Bottom Line:

Matching different sorts of trading to an individual’s personality type is absolutely no guarantee for foreign exchange trading success. Nonetheless, discovering a trading style that’s well suited to your personality type can assist brand-new investors find their feet as well as make the ideal moves in the market. Simply take the quiz and also respond to the 15 concerns honestly to disclose which trading design is the best fit for you.

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