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[Pharaoh]

Originally Posted by owoseni, temitope iyiola

most off time i hear you use words like sllipage , and been stoped out can you please explian this terms also

I foresee a glossary in my future.

Slippage - You place (or close) an order at a certain price. Your broker fills your order at a worse price (the price "slips") and blames it on fast moving market conditions. Some brokers do this and only hit you for a few pips. Others will burn you for 20, 30, or even more.

Stopped out - Your order has a stop loss. This is a price you preset as the maximum amount you are willing to lose before your order closes automatically. During the news, prices can move up and down quickly, and hit your stop loss (thus "stopping you out") before moving in what would have been a profitable direction. Of course, you might experience slippage as you are stopped out, thus costing you even more money.

[owoseni, temitope iyiola]

thanks for the reply its eye opening. I have always been expriencing situations in which i enter a trade and the trade gestin my direction and my account will not record any profit. that means they must have been filling me at a wrong price. wells thanks agian . but what can i do to stop this

[Hilarius]

Thanks Pharaoh for your answers. And kudos to you and other SFS members and FPA officers (Felix, Sir Pips and Crazy Cat especially) for paving the best and most generous way of introducing forex trading to common people. I wish you all the good fortune in your lives.

To Galore: Although I cannot see what you need this list for, since Sir Pipsalot and Crazy Cat deliver this in "real time" through daily signals for free, I extracted most if not all of these for you:
USD ADP Nonfarm Employment Change
USD Change in NonFarm Payrolls
GBP CPI y/y
USD CPI core m/m
CAD Employment Change
CAD GDP (m/m)
EUR GE IFO Business Climate (M/M)
EUR GE Retail Sales
EUR GE ZEW Survey Econ Sent (M/M)
GBP Industrial Production (M/M)
USD Initial Jobless Claims
USD ISM Non-Manuf Composite
GBP Nationwide House Prices SA (m/m)
USD New homes sales (total M/M)
USD Philidelphia Fed
USD Retail Sales - Core (M/M)
CAD Retail Sales (M/M)
GBP Retail Sales m/m
GBP Services PMI
USD US Durable Goods - core (M/M)

[Pharaoh]

Hilarius, thanks for this list. Your forgot the very important Canadian Beer Exports and New Zealand Wool Production reports.

Originally Posted by owoseni, temitope iyiola

thanks for the reply its eye opening. I have always been expriencing situations in which i enter a trade and the trade gestin my direction and my account will not record any profit. that means they must have been filling me at a wrong price. wells thanks agian . but what can i do to stop this

Sometimes it's hard to get filled during the news. Some brokers widen the spreads to 20, 30, 40, or even more pips, so if you get filled, you start out with a high negative. Some brokers will flat-out cheat you by delaying fills for 5-10 seconds and giving you the worst price. If you really want to news trade, and your current broker isn't working, it's time to consider adding a new broker for your news trades or even changing brokers completely.

[owoseni, temitope iyiola]

yes you are right account was still negative i enterd a trade and the negative was so high that even when the trde was 15pips to my advantage my account was still negative . currently trade with euroorient-fxpro , which broker do you recomend that is good for trading the news . cuz i found out most of the good ones ask for at least $2000 to open an account and i need something lesser than that

[Pharaoh]

This might help you narrow down your your choices of possible replacement brokers:

How to select a forex broker

[kola8701]

Slippage is when your broker(platform) didnt get you in or out at the desired price that you executed, and stop out is when your stop loss have been taken out(reached)

[pipsgalore]

Thanks Hilarious....I just wanted a list because I have traded some that are duds. I am just trying to get a good list because crazycats info comes out very late at night where I live and I wanted to be more prepared in advance. I am fairly new to news trading so forgive me. I just thought someone might have a good list with typical movement to expect. But again thanks for your help!!

[high123]

Millions of thanks to Sir Pips and colleagues for their relentless efforts in assisting traders in various aspects like terms used before and during trade hour.this is to make traders like me understands better.i am urging Sir Pips and colleagues to continue their good job.you guys are GREAT!!!!!!!!!

[Pharaoh]

Pipsgalore,

Sometimes a news event that's a major hot item will "cool off" for awhile. Sometimes, what were minor items will increase in significance over time. It depends on what investors are looking at. US Housing Starts have a whole different aspect to them now that the mortgage meltdown has occurred. One the housing and mortgage markets return to something resembling normalcy, the relative values of those reports will change from where they are now.

If you really want to trade the news, keep a log about how well deviations of certain reports move the markets. This should prove helpful in seeing which reports are gaining and losing strength over time.