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Expert:
Barry Norman
Hosted by:
UBCFX
Registered Users: 187
- Forex
- Cryptocurrency
- CFD
- Fundamentals
- Beginners
- Intermediate
As a trader, the Economic Calendar is one of your most important tools. You will only spend one minute or less with it a day, but that one minute--every day--is crucial if you want to become a consistently profitable day trader. All the events are scheduled weeks or months in advance giving a smart trader ample time to research and investigate to be able to place proper trades when the event data is release.
What Is an Economic Calendar?
An economic calendar shows the scheduled news events or data releases related to the economy and financial markets. These include GDP, Non-Farm Payroll numbers and interest rate decisions.
Because you know these events cause volatility, which they may not want to be a part of, many traders cancel their pending orders, causing a drop-in liquidity right before a market moving event occurs. Because there are fewer orders to absorb market buy or sell orders (or stop loss orders) that are triggered by the event, the price will often "whipsaw" very quickly back and forth before choosing a more sustained direction.
In this class, we will learn how to build a trading matrix to prepare ahead of time to trade the event learning to set market neutral, market positive and market negative.
Barry Norman The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
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