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Michal Michalski
115
Michal Michalski  
What is the best source of news influencing forex prices? But only main news, such as announcements of changing bank rates in major countries, signing of main international commercial/industrial/military or other agreements,etz.. Majority is on TV. In case of really big events (brexit, us elections) forex sends warning emails but is also on TV.. Forex news on mt4 (mainly Reuters) is to detailed for me to follow so i missed us rate change yesterday on 14/12/2016..I would like to know mail events only. Any suggestions please?
Eleni Anna Branou
4467
Eleni Anna Branou  
The best forex & international news website in my opinion is: http://www.forexlive.com/
Sergey Golubev
Moderator
100224
Sergey Golubev  

forex-factory and dailyfx are having the best news calendar for now (most of the other websites are using their calendar as an addon).

Also - MT5 is having news tab with high/medium/low impacted news events to be sorted so you do not need to go anywhere from MT5 in most of the cases for example. 

Sergey Golubev
Moderator
100224
Sergey Golubev  

Just some more ... for the collection :

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read June 2014

Sergey Golubev, 2014.06.14 20:15

Trade the News in Forex: How to Capitalize on the Biggest Moves in the Market
by Michael Duane Archer





How to profit from news that moves the Forex market

Trade the News in Forex shows readers everything they need to know to profitably trade specific Forex news events. It begins with a discussion of what constitutes Forex news, then highlights several common news trading techniques and outlines how broker dealers have worked to counter these measures. The author covers several more sophisticated techniques and systems, directs readers to a multitude of resources available, and outlines how to combine these techniques into a current trading strategy. There is money to be made trading Forex news, and this book will show readers exactly how.

Michael Archer (Golden,CO) has been an active Forex and commodity futures and Forex trader for over 30 years. He is the author of Getting Started in Forex Trading Strategies and coauthor of the first Getting Started in Currency Trading, Second Edition, The Forex Chartist Companion, and Charting the Major Forex Pairs, all from Wiley. He hosts the Forex Web site.


Sergey Golubev
Moderator
100224
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Something Interesting in Financial Video April 2014

Sergey Golubev, 2014.04.10 09:27

Forex News - How to Trade News Announcements

"Use the Forex News"

One of the reasons so many forex traders come to the Forex market is because of the potential to make fast money. With huge amounts of leverage, and extremely volatile price movements, many traders look to focus on trading forex news since this can produce some of the fastest movements that the forex market might see.

Unfortunately, a lot of these types of traders will fail. Forex news can be notoriously difficult to trade as price movements can be so wild and volatile. Not only can these movements be unpredictable, but forex traders will often employ sloppy risk management and end up turning a short-term trade into a long-term problem.

There has to be a better way to do this.

Some traders choose to just avoid trading forex news, or those trading longer-term strategies often try to 'trade around them.' But there are a few different ways to try to "use the forex news".

For one, since these price movements can be so wild and volatile, it may offer longer-term forex traders the opportunity to get a better entry price than they would have initially anticipated.

Let's say that the EURUSD is trading at 1.3000, and a trader wants to go long with a 100 pip stop and a 300 pip profit target; but NFP is 30 minutes away and our traders doesn't want to take the risk of losing 100 pips so shortly after placing a trade designed to be open for a few days. So our trader waits...

Once NFP comes out, the trader sees price hurry down to 1.2950 before finding support shortly after the data was announced. Our trader can then buy, keeping their stop at 1.2900, and now can look for a 350 pip profit target. Their original risk-reward was going to be 1-to-3. Now, it can be 1-to-7, and they were able to get long the EURUSD at a much better price.

The other way to use the forex news is to trade the volatility that can come from news announcements. This involves placing an entry order to go long above resistance, and an entry order to go short below support. This way, if the volatility from the news release creates a price movement that could go on for days, forex traders could potentially enter at the early portion of the move as prices initially move on to make new highs or lows.




Sergey Golubev
Moderator
100224
Sergey Golubev  

Just last one:

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

Sergey Golubev, 2014.05.07 18:18

Just a reminder

There is good article concerning to fundamental trading (for creation of the EAs related to News Trading) :

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Building an Automatic News Trader



As Investopedia states, a news trader is "a trader or investor who makes trading or investing decisions based on news announcements". Indeed, economic reports such as a country's GDP, consumer confidence indexes and employment data of countries, amongst others, often produce significant movements in the currency markets. Have you ever attended a U.S. Non-Farm Payrolls release? If so, you already know that these reports may determine currencies' recent future and act as catalysts for trends reversals.


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