Szeri and Nos Biggs Trading recommend using a Foreign Exchange Trading Calendar.
Foreign exchange trading is more often than not based on assumptions determined by a volume of data. It is impossible to predict the future by the use of historical Forex information. The volatility of this financial market makes it impossible to predict the future. You should consider using a foreign exchange calendar to provide you with an edge when you trading Forex and CFDs.
Events
One of the economic events that is currently affecting Forex rates is the rate of unemployment. News releases on this and other economic factors that affect financial markets are constantly being made available. Some of the other events that you should be aware of for effective trading are non-farm payrolls, interest rates and consumer price indices.
Be Aware When Trading
Your trading method or system is an important factor. Also important is your keeping up to date with current events and future events that will have an effect on your trading options. If you are not aware of the latest economic trends, you may be unaware of adjustments that may be necessary to improve your strategy. The use of technical analysis methods is highly dependent upon the current trends and global events.
Although you may be making consistent profits with your current strategy, when you ignore potential risk-on events, you are exposing your capital to additional risk. Using a calendar will allow you the opportunity to access readily available information which you can prepare for. This will help you avoid any sudden changes that could potentially turn the tide against you.
The calendar is used to keep up to date about major announcements released by different countries across the globe. If you are aware that an announcement is pending, it is best not to trade with out a system that is designed to optimize the announcement of both directions. Most traders are taught the best strategy is abstaining from trading for at least two or three hours before you expect an economic data release for your trading currency pairs.Szeri and Nos Biggs Trading does not believe this to be good advice especially when there are systems built to optimize announcements. Ask us for details.
Here is the advice you will get from others:
“Currencies generally experience huge swings just before these major announcements. Once the market settles down, the trend will be reversed. You do not want to get caught up in these fake signals as it might cause panic. It is advisable to check the signals once the market has had time to settle which should be about half an hour after the event.”
Here is the advice you will secure from us:
Find a proven system that is supported real time by real traders who give you inputs 45 minutes before the news release. This robot must be ready to capture moves in either direction and expose your capital to minor loss but allow for major gains. We have one such system that we use to trade the News announcements. The owners offer it by invitation only. Szeri Nos Biggs has no economic interest in this system as we act only as a screening location. If you would like to be considered to receive an free 30 day trial as well as membership inside a professional traders room for support while you try it Complete the form below.
We do not make the final decisions so take time to respond with candor and sincerity if the inquiry is accepted.
When you use a foreign exchange calendar, you will be able to mark the events that you feel are relevant to your trading pattern. You will have the opportunity to highlight the main announcements linked to your trading pairs. Many of the websites where you are able to access the calendar have tutorials on how to effectively use the calendar. They also indicate when you should make your trades and explain how the economic announcements may affect your trades.
