All language subtitles for TraderFXChibiuzin 9001 - 4

watching. Hopefully you found
some value and I will see you

sections together in order to
get a clear and confident

understanding and outlook of
the fundamental backdrop of the

we've got economic data at the
bottom of it okay? And all of

analysis trading. In the next
video I'm going to run through

that central bank data. We've
got geopolitical events and

economies and the global
economy. So thank you for

each of these three we're going
to look at a conclusion the

these things together are the
core of our fundamental

fundamental analysis and how we
can bring each three of these

Preparing for the week ahead is
crucial in my opinion as we

Hopefully you understand the
high impact economic news and

much on. Everything comes
together in hierarchy. We have

and confidently knowing we're
not going to get caught out by

that allows us to just focus on
what we really need to focus on

employment data, these G 7
meetings and military policy

releases non-form payroll which
is unemployment data or any

don't really drive the market
too much so we're only going to

economic datas before the week
begins we can find focused

week ahead so each weekend or
each Monday morning we need to

going to be negative are they
raising rates is it positive or

are they leaving the same to
keep a stagnant market flow.

say we've got some interest
rate data for the pound coming

trading then so we don't want
to trade through interest rate

there okay we have impact high
impact data for all of these

the retail sales, the PMI, the
CPI data, all these things,

have this famous quote here
failing to prepare is preparing

session begin and then we know
we can trade it safely clearly

is going to come up and when
it's going to you know form an

with stop loss utilization
before the data happens. So by

we need to focus on. Low and
medium impact news cause little

from other areas of trading. If
we can identify this high

exit trades before the news
happens to avoid trades

when the interest rates drop
are they cutting rates is it

based on increased volatility
okay and a new sense of clarity

dollar Australian dollar Swiss
Frank you can see that all

information. Step three then is
going to be prepare for the

up and if we think it's
going to be high impact and

data the only real high impact
data marked here is this speech

prepared and managing our
trades accordingly to either

got the long term effect data.
So these are things like

little noise, okay? We can just
track interest rates, GDP data,

of a specific country or global
economics without all the

prepare all this data we need
to filter out that high impact

as well okay so looking at this
data this calendar here we can

impact data, we can plan ahead,
avoid a needed losses by being

data video. Hopefully you found
some good tips and pointers.

other high impact news we can
avoid is that way and if we do

also the economic news that you
don't really need to focus too

personally we're actually only
going to focus on the high

get ready before the week
begins before the trading

and stops our mind getting
clouded with too much

interesting movements on the
pound before and after the news

data release and it's going to
allow us to filter by currency

Zealand dollar the pound of the
Japanese yen the Euro Canadian

eye on and worth taking note of
worth checking out in your

calendar that marks out the low
medium and high impact economic

entirely until the news has
gone down or to protect our

okay? So identifying the high
impact and filtering down to

run through. Step number one is
going to be a check and

going to just remain aware and
try and manage our trades

prepare for the week ahead by
preparing these high impact

trading pairs with interesting
or clear fundamentals so let's

on these datas okay How do we
actually then trade economic

economic calendar okay so these
are online and it's simply a

issue for us so if we can
identify the times to avoid

data? And the simple answer is
we don't. We're not going to

So how are we going to manage
economic data? Here is a little

focus on the high impact data

any of this high impact data So
that is all for this economic

release to try and catch that
spike because it's very

to no disruption and can be
ignored without taking up focus

effect, high-impact data. So
this will cause movement in the

wait for a news release and buy
or sell just before the news

have a medium impact CPI data
and then a lot of low impact

upcoming news it's going to
show us the importance of each

see we have the different
currencies listed the New

get out early and secure a
profits or we can as spoken

reports without the additional
noise of all the little data,

up we can actually then know
that we're going to have some

to fail so we always want to do
this prep that economic data

to cut the risk out of a trade.

data and get a calendar ready
just so that we know when data

high impact data. We can filter
down the news to just the news

okay from the governor of the
Reserve Bank of Australia so

identifying these high impact
data we can track the economics

we need to keep our focus
limited so that we can keep our

are going to drag the market
down. We also have short-term

and unemployment, okay? These
are the long-term effects that

focus here, okay? It's going to
divert our attention from all

in a long-term effect. These
are PMI, CPI, GDP datas and

about in the risk management
chapter utilise our stop loss

calendar so that you can avoid
them each week but when it

That it takes us to step number
two. We want to identify the

impact data okay all of these
low and medium impact datas

market and it will cause spikes
but it's not going to drag out

interest rates, monetary
policies, central bank meetings

news that we need to track it's
going to help us to track the

look to actively trade any
news, okay? We're not going to

want to focus on the high
impact data. Uh and even then

affect an economy and can lead
to interest rates being

we can then extend into longer
term effects so if we can see

importance data and figures. Uh
we don't really have too much

Few different types of high
impact data here then. We've

the other important factors of
economic data, geopolitical

accordingly. Keep in mind when
the data's going to be showing

comes to trading opportunities
we shouldn't really be focusing

some bigger information that's
going to drive the market

different currencies we are
then shown the impact so we

particularly risky for a
movement that we are in, we can

dangerous and it is a gamble.
Instead of doing this, we're

okay this will drag down an
economy longer term while the

single day. Uh it's never going
to go away. Economics are

unemployment is on the rise
this is of course going to

the market. So these types of
economic data are big market

influences that cause large
moves and can cause long term

important.

or trade in line with it.
Different economic data has

retail sales information. All
these things worth keeping an

data in line with data releases
and be ready to either avoid it

importance across different
datas. Some data's going to

economic drivers that relate to
the state of the economy. So

markets at all.

mind focused on all the other
areas of trading that are more

important to keep on top of the
game. Uh keep in line with the

always going to run the
markets. So that's why it's

We also have then a medium and
low impact data. So this is low

events and the central bank
information as well. So we only

increased or cut and military
policy statements then forming

price spikes, okay? Volatility
is increased and the price

economic data will actually
only provide short term spikes

monthly data, we have quarterly
data. We have annual reports on

interferences. We have economic
data releases almost every

shows economic performance over
a specified time. So we have

we're looking at things like
gross domestic product and

unemployment data. Okay these
things have large effects on

data, all these different
things, okay? And the data

rates that we spoke about
previously and also employment

So high impact economic data
then refers to the direct

central banks and governments
such as unemployment data,

effects okay? Um and things
like this are the interest

economic data refers to news,
meetings and figures from

spikes can interfere with
trades and they can also

But economic data does play a
part and it is crucial that we

varied impact levels. So we
have different levels of

when it comes to the importance
of these macroeconomic datas.

markets and affect our trading
if we want to succeed. So

economic data comes at the
bottom of the hierarchy list

have a massive effect and some
isn't even going to move the

main thing with economic data
is the fact that it causes

provide good trading
opportunities if we can gauge

where the market is going to
go. Economic data causes common

understand how it works and how
it's going to affect the

on employment. So data comes in
all different shapes and sizes

How we doing everyone? Welcome
back to the course. In this

and it will all affect a market
one way or the other. So the

different topics and we can
even have weekly data as well

in the next video.

interest rates, gross domestic
product conferences and PMI

video we're going to be talking
about economic data. So