Archive List for currency

Economic Calendar | Trading Terms

The Economic Calendar is the list of events that influence the largest global economies and their currencies. When new traders enter the financial world they quickly understand that this calendar exists and that the direction of currency pairs is very often influenced by it. But what exactly does this calendar consist of? Is it the same every week, month or year? Does it change or is it fixed in time? Here to answer all these questions is trading expert David Jones. In a step by step guide he shows us the different types of economic data that impacts economies – inflation reports, unemployment numbers, interest rates, etc. He also discusses […]

How To Trade False Breakouts: Beginner Guide

Today’s trading strategy video is not one for the faint-hearted. False breakouts are one of those setups that require skill to identify and even more skill to trade successfully. Luckily we have an experienced trader like David Jones with us to pinpoint the factors that make the difference between winning and losing using this aggressive trading strategy. And there is one thing that you’ll have to accept early on when trading false breakouts – there will be higher risk than usual. False breakouts are known to occur relatively frequently and can come with sharp moves in both directions as they react to support and resistance levels. Managing risk is important […]

How to Use Price Action in Trends

Continuing the series on Price Action, David focuses our attention on several cases where this trading approach can be used to determine entry points in trending markets. He covers both uptrending and downtrending scenarios on real charts and demonstrates the pitfalls that are always lurking around when it comes to timing your entry. It’s not an ideal process and we get to see both a winning trade and one that gets its Stop Loss hit. But David talks us through the exact reasons why that happens and gives some tips on how to avoid them. It seems Price Action and patience seem to work well together. At Trading 212 we […]