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.
Importance of Economic Calendar in your trading career and how having a look at it for 1 minute daily is crucial if you want to be a profitable day trader.
Build Trading matrix to prepare ahead of time.
Learn how to organize time for research and investigation before hand as well as prepare for market situations.
Who should attend?Beginners and Intermediates.
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