13m 56s: Lenght

orex Trading Courses - Elaborating The Trade Plane - Trader Course Part 8 https://www.facebook.com/fxtradingfactory As you probably know, almost every day there is a fundamental economic announcement being released. Financial analysts of all sorts public their expectations for the data outcome and thus the market has more or less an idea of what the announcement should come out like. However, from time to time the data comes out deviated from the analysts' expected figure and the charts chaotically spike up and down to re-adjust the current market price to the actual released data. Believe it or not, it happens quite often and the market reaction to such deviations can be potentially devastating to any-trading position open at that precise time, especially intraday trades since their stop loss is usually rather tight and there's a real possibility of those stop losses being triggered by the news spike. So, before entering a trade, have a look at the news releases being scheduled for the day. The best place to keep track of the upcoming economic calendar is the Forex Factory Forums website (www.forexfactory.com). They classify the different announcements by their impact upon the markets or volatility. Many of the news coming out don't carry that much impact upon the markets, so I personally only pay attention to those that are labeled as “orange” or “red” volatility (meaning medium to high impact), discarding the “yellow” ones (low impact). List for the day, I check the Forex Factory calendar to see if there is any significant news coming out in any of the currencies that I have selected for the day, and if so how should I plan my way around that. Forex Trading Courses, ForexFactory, forex currency trading, forex trading hours, forex trading simulator, forex trading strategies, forex trading platforms, forex trading reviews, forex trading system, forex trading signals, forex trading software, forex trading training forex trading for dummies, forex trading secrets, forex trading course, forex trading books, forex trading indicators