Trading Academy

Lesson 29

Mastering trading news 

Trading news often brings about the biggest moves of the month. In order to master this type of trading and profit from the extended volatility it causes, you need to be very familiar with the main “movers and shakers”:

The heads of the central banks of the United States, China, Europe and Japan have a major impact on the direction of currencies. When they deliver speeches, the Forex market participants pay close attention to their language and hints. The main central bankers are:

Christine Lagarde – European Central Bank

Andrew Bailey – Governor of the Bank of England

Jerome Powell – Chairman of the Federal Reserve Board, United States

Haruhiko Kuroda – Governor of the Bank of Japan

Philip Lowe – Governor of the Reserve Bank of Australia

Tiff Macklem – Governor of the Bank of Canada

Tip: watch live policy statements, testimonies, guidance and other public speeches of the central bankers and apply news trading strategies to profit from the volatility they cause.

Economic reports: Trading the news is risky due to the large moves that follow a news release. Often, beginning traders make the mistake of having trades in the market during the release of these reports. The Economic Calendar is a key tool to help you be aware of when an important event or number is coming out.

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