🧨 Websites mentioned in the video 🧨
🧲 Investing.com : https://www.investing.com/economic-calendar/
🧲 Position size calculator: https://www.hfm.com/za/en/calculators/position-size-calculator
🧲 Time Reader: https://time.is/
💚 The old version of the video: https://www.youtube.com/watch?v=dQu1kjjmrq0&t=674s
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Economic data tends to be one of the most important catalysts for short-term movements in the forex market.
Since the dollar is one side of many currency pairs, U.S. economic releases tend to have the most pronounced impact.
The most common way to trade forex on news is to look for a period of consolidation ahead of a big number and trade the breakout on the back of the number.
A variety of exotic options are available for traders who want to capture a breakout move, but with less volatility than trading the currency pair itself.
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⚠️ NOT FINANCIAL ADVICE DISCLAIMER:
This video is for educational purposes only. Please do your own research before making any decisions with your money. I will not be held liable for any losses or gains you may experience. I am not your financial or investment advisor. This is completely educational content and should be taken as such – the views expressed in the content are opinions. Nothing on this channel should be taken as a recommendation to buy a particular crypto asset. The information shared on this channel is not indicative of future results. Analyses are not absolute and are prone to change in accordance with present and future market events. Please do all of your own research before you buy any stock or financial product.