: Odds stacked in favor of bulls. Summary We have covered a lot of material in this tutorial. What's ahead for major FX pairs, Gold, Oil and more. However this time I want to talk about actually reading the news through the price action strategies that form on your chart. A better release generally means more consumer spending, which leads to better economy, thus better for its currency. By doing this, you dont have to sift through the low-impact news to find the events that are likely to cause increased volatility. The image below illustrates how you can expand the details of a given news event. After saving your settings, you should now see the correct time displayed in the upper right hand corner of the screen.
Calendar covers all important events and releases that affect the forex market. The calendar is timely, interactive, customizable. The ForexLive economic calendar can help you get a better perspective on forex news events that could impact your trading.
When a high impact news event spread trading forex is around the corner and you have a position that is well into profit, you have more options. You can change this any time by repeating this step. If so, you definitely want to download the free PDF guide that I just created. This will synchronize the time for each news event with your local time. In short, red equals high-impact, orange is medium-impact and yellow represents low-impact news. Dont be intimidated by all of the activity on this page.
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