How to trade the FPA's Forex Daily Trading Signals - Page 3

KKurt · (#21 (**permalink**))

Thank you Pharaoh, it's a great article!

My question is, how one can find out the deviation between experts' opinions? This data is not presented in the Calendar.

Keep up the good work folks!

Thank you

- KKurt

Pharaoh · (#22 (**permalink**))

Hi KKurt!

I'm glad you liked it.

Personally, I often watch CNBC and they will sometimes discuss how wide or narrow the range of expert opinions is for major news releases. Also, sometimes there's a mention of this in the Daily Trading Signals.

Beyond that, if you really want to dig for data, there are quite a few websites that do analysis (and sometimes over-analysis) of upcoming news announcements. You don't even have to stick to forex sites, since these kind of announcements also have effects on other markets.

winnerbob · (#23 (**permalink**))

Hi all, I am very new to this forum and to forex trading. I think that the concept of this website and those that facilitate it are wonderfull. I am keen to start demo trading the trading signals but am having trouble finding out where I can access the news releases that pertain to the announcements on the calendar. Can anyone help me with this. Thanks

Pharaoh · (#24 (**permalink**))

The FPA Calendar is one of the fastest on the web. Currently, you have to hit the "refresh" button at newstime.

Hopefully, they'll make it automatically update at some point in the future.

James.A. · (#25 (**permalink**))

Hi,
This is my first ever post and i would love to ask Sir Pips how long does he advise we hold a position after a news report because i have been trading live for about a month and a half and i have discovered that it's quite challenging taking your profit or entering your trade.
Thanks,
James.A.

Pharaoh · (#26 (**permalink**))

It really varies. If you are just trying to trade the spike, you might close in seconds. If you are trying to capture some of the after-spike movement, it can be from 10 seconds to 10 minutes.

In the Forex Diamonds room, Sir Pips often calls trades to be placed once the news volatility settles down. These can run anywhere from an hour to a week.