with everything that's happening in the
world right now i feel like it's a good
time to discuss
why
when and if you should trade high impact
news events in your day trading career
so in this video i'm going to discuss
trading the news and it's gonna be fun
[Music]
welcome back to the channel everybody my
name's artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable on a consistent basis
seriously with everything that's going
on right now my heart condolences and
everything goes out to the ukraine i am
extremely close to the ukraine which i'm
gonna discuss later in this video if you
guys want a quick update about my
situation
um but let's get into the charts because
i want to show you a few specific things
okay some of you are familiar with this
some of you are not i just want to
clarify
that you can see high impact news events
on your charts on trading view this is
what your chart normally looks like if
you don't have it turned on if you right
click your chart and go to settings
right here under the events tab you can
show economic events on the chart click
that check it okay
and then right here at the bottom you
can see
different colored flags for different
news events releasing that time in
different colors
and instead of having to click all of
these and see what the news event and
what time it's going to happen what you
can do is go to google type in my fx
book economic calendar then click enter
once you do that you will be taken to an
economic calendar which shows you every
single news event and at which time that
news event is going to be published
right here are the check marks that the
news event was already published and
here you will see in 10 minutes there's
another news event in 40 minutes there's
another news event but the most
important part about this
is whether it is low impact medium
impact or a high impact news event so
when it is a high impact news event
anything that is tied with the euro
currency like euro usd or euro gbp you
will be able to know that that is going
to make the price fluctuate once that
news releases a general rule of thumb
for
beginner and even intermediate traders
is to
when you're doing your analysis stop for
a second and say is there a news event
coming out soon go to my fx books
economic calendar and see oh okay
there's a high impact news event coming
out i'm about to get into a trade
maybe i shouldn't the reason i say maybe
i shouldn't is because unless you have
the time and dedication
and the global economic knowledge
required to know how to trade these
events and that takes years and years
and years of practice you need to
understand global political economic how
that all works together whether the
unemployment rate is lower whether the
farmers were able to produce enough
crops that year looking at the gross
domestic product of this country versus
this country seeing if their central
banks are massively printing a bunch of
money which is causing inflation to go
up there are so many different aspects
of it and unless you have the patience
and time and dedication to learn that
just literally don't even bother with it
the reason this is so important and it's
the reason why i keep stressing risk
management because let's say you're
looking at gbp usd and you're like we're
on a strong uptrend we're rejecting off
of this i think i'm going to go in for a
buy position news event comes out
goodbye account if you don't have a stop
loss but then some of you are going to
sit there and say oh well the whole
market crashed on everything incorrect
my friend because if you look at the
currency pair that i'm most concerned
with usd polish zuote because i live in
poland oh we're in a strong downtrend
this type of thing you need to
understand when it comes to currency
correlations one might go up while the
other one reverses down the opposite
direction now you might be saying to
yourself well i'm not that dumb i'm not
gonna trade without a stop loss or if i
see it spike that fast i'll close my
position wrong again my friend because
if you have not noticed this is on a one
minute chart that means that in one
minute the price went up
1201 pips i promise you your trigger
finger's not that fast now just as an
example to you guys i placed two trades
both with no stop loss so that i can
show you how negative your account can
go
without you even realizing it and even
those of you that have funded accounts
with a hundred thousand dollars in it
won't make a difference because i'm
gonna show you a number that's gonna
blow your brain
that is what can happen
in 60 seconds on your account so for you
to trade without a stop loss with all of
the things that are going on in the
world right now or any news event for
that matter is reckless irresponsible
and at that point you deserve to lose
your money unless you're uneducated
which now you are now it's irresponsible
and you deserve to lose your money now i
quickly want to discuss what's going on
here with the whole russia ukrainian
thing and where i'm situated which isn't
the nicest place to be situated during
all of this
but essentially like right here
is uh
the russian border right so like belarus
is basically a part of russia and
essentially they started coming in you
know from every direction including
through belarus
to kiev they're uh
they're about right there the second
that russia started to invade the
ukraine
airports were locked down now i'm right
here in poland right
right there i don't like the fact that
this is a possibility for that so if
that does happen airports get shut down
so i've actually been planning like my
evacuation plan for me and my family so
over the next like week or so while this
hopefully starts to calm down if it
doesn't and it escalates uh there's
gonna be less video uploads from me just
because i have other priorities but yeah
war sucks uh russia and stop and i hope
that none of you guys are affected by
any of this [ __ ] because like it is not
fun the people in this country are
freaking out and there's like massive
racism starting like i was at a gas
station right we get most of our fuel
from russia and this guy yelled at me
like yelled at me at five o'clock in the
morning because i was pumping russian
gas so this is just the beginning and
i'm really hoping that this just goes
away as quickly as possible now back
into trading normal economic news now
when it comes to these types of candles
this was completely unplanned this was
russia invading the ukraine starting a
war
boom prices did this that is unexpected
news expected news you see on the
economic calendar you know what's going
to happen and what time it's going to
happen one of the most known and most
common news events happens the first
friday of every single month and that is
called the non-farm payroll this will
make anything that you're trading spike
100 pips in either direction every
single news event has the previous
statistics for example the unemployment
rate here was 8.1 percent and the
consensus for the news event is that
it's gonna release at eight percent flat
if the actual number when the news event
comes out is higher or lower than this
number it will dramatically impact which
way the price goes and sometimes it's
counterintuitive to what it is so say
the unemployment rate dropped
dramatically and yet the price of that
asset that you're trading completely
tanks unless you understand the
fundamentals of how this unemployment
rate affects the entire global economy
and how europe is tied in with the uk
and how it interacts with the us and the
stock markets going on there with
interest prices here and inflation rates
here with the amount of foreclosed
houses due to over leveraging with banks
like there's so many aspects of it and
if you're not willing to put in the time
don't even think about trading the news
me personally i've been burned by news
events in the past i tried to research
and learn how to do all of that analysis
on every it's so much information i
don't have the time for it or the
patience for it so what i do is if i see
a little red high thing i shut my laptop
and i go on a bike ride i'm not trading
on high impact news events ever i really
hope this video was helpful for you guys
to help you stay out of sticky
situations and or give you the
motivation to actually learn more about
the things that you're day trading if
you do hats off to you because that's
that's a lot of work now if you guys
want to learn about the way that i trade
primarily check out this video right
here and if you got some value out of
this video and you like the way that i
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already thanks so much for watching and
we'll see you in the next video