What about FBS's news deal?
FBS offers features that enable news traders to execute their strategies, including economic calendars and the latest market news。
News trading is favored by traders because economic and financial news such as employment data, interest rate policy, economic growth reports and political events have great potential to influence financial markets.。Traders have the opportunity to react quickly to price movements caused by this information and thus make a profit。
Timing is crucial in news deals。Traders must be good at entering or exiting the market at the right time。Small mistakes in strategy can expose traders to risks such as unpredictable fluctuations or slippage.。
As a result, many news traders rely on tools such as economic calendars to understand upcoming events and their potential impact.。News traders also need to explain the impact on trading currency pairs, which requires the help of analytical tools。
FBS provides comprehensive support functions for news trading, such as economic calendars, news updates, articles and daily analysis and other important tools。
1.FBS Economic Calendar
The first feature of FBS News Trading is the economic calendar, which is a tool for viewing the calendar of all major events around the world, including past and upcoming events。
The FBS mobile app also offers this news trading feature。If you have installed it, please go to the "More" menu and click "Calendar"。For news traders, this function of FBS is very important because it can help you predict the fluctuations caused by important news releases and assist you in determining open positions。
Adjust time settings
As shown in the figure below, at the top, you will see a white column marked with time zone information。
This column is used to fine-tune the news release schedule to align with your current time zone。
For example, if you happen to be in South Korea, just set it to (UTC + 9: 00)。After the adjustment, the event time in the economic calendar will be seamlessly synchronized with your current time zone。
The modification process is very simple, just click on the column, scroll to find the appropriate time zone, and then watch the calendar schedule update automatically。
Select financial assets
The FBS economic calendar covers not only forex market events, but also stocks and dividends。For those who trade stocks to diversify their portfolios, the stock and dividend calendar can be used to keep abreast of important release schedules。
Impact, Previous, Predicted, and Actual
These are the most basic elements of the economic calendar。Below the column labeled "Impact," you will find that each event has a different colored dot。These points can measure the impact of a particular event on the foreign exchange market。
One green dot indicates a small impact, two yellow dots indicate a moderate impact, and three red dots indicate a large impact。The key is to focus on events with three red dots, as these usually have an impact on the market。
After assessing the impact, shift the focus to the "Last time," "Forecast" and "Actual" columns。
- The "previous value" value refers to the actual result of the data or indicator when it was last published.。It provides a historical background showing the performance of specific economic indicators in the previous reporting period。
Traders use previous values to determine the trend or direction of economic indicators.。An increase, decrease or stabilization of the previous value will affect market sentiment.。
- "Forecast" values represent experts' consistent predictions of upcoming data。Analysts and economists compile these forecasts based on a variety of factors, including economic data, trends and geopolitical events.。
Comparing the predicted value with the previous value helps the trader to predict the market reaction。If actual results are consistent with forecasts, the possible impact is limited。However, deviations from the forecast can lead to more significant market volatility。
- "Actual" values are actual numbers published when real-time results or economic events occur。It reflects the current state of economic indicators and is a key driver of immediate market response.。
Traders pay close attention to the actual value as it indicates whether economic data exceeds, meets or falls below market expectations。Large differences between actual and predicted values can cause market volatility。
Example
Suppose a country publishes GDP data。
- "Previous value" may be 4.5%
- "Forecast" may be 4.8%
- "Actual" data is 5.0%
GDP is a measure of a country's economic output。A higher GDP indicates that a country produces more goods and services, which can lead to a range of positive outcomes。
In this example, the trader will notice the actual value (5.0%) compared to the previous value (4.5%) and predicted values (4.8%) are better, which may lead to positive market sentiment towards the country's currency。
Simplify specific searches using filters
Next to the FBS economic calendar you will find a section labeled "Filter"。If you want to search for a specific event more precisely, use this tool。
First, set the date.。You can adjust it to the forward to see upcoming events, or you can set it to the past。There are other filters below, such as "today," "tomorrow," "yesterday," "this month," etc.。
Then, under the date filter there is a currency filter。You can click on the currency of interest to see its events, the unfiltered economic calendar shows multiple currencies, so currency filters are very useful。
Below are the equally important effects of the filter。You can adjust the calendar to show only high-impact events so that you don't have to scroll widely to find them。
After adjusting your filters, don't forget to click "Apply."。After that, the FBS economic calendar will be updated according to the filter criteria you set。If you want to clear the filter, just click "Clear"。
2.News and Articles section
FBS adds news trading features, including up-to-date news and articles that delve into major economic events。
The Forex market news page provides a comprehensive compilation of news that is regularly updated, while the FBS daily market analysis page focuses on articles dedicated to the impact of news on the Forex market.。This feature is very valuable, especially for newbies in news trading, as relying solely on economic calendars may not be enough to make informed trading decisions。
The forex market news page features a time zone bar for you to find the latest news based on your current time zone。In addition to Forex, the page includes news articles on stocks, commodities and general economic topics。
At the same time, the daily market analysis page provides a more in-depth explanation。In one article, the FBS team conducted an analysis to provide insights into the bullish / bearish direction and its important levels。The scope of the analysis is not limited to foreign exchange, but also includes stocks, energy, cryptocurrencies and metals.。
3.Daily VIP Analysis
If you want to receive more comprehensive analysis reports on a regular basis, you can use the FBS daily VIP analysis function。
This feature is very useful because FBS will send you more detailed analysis every day from Monday to Friday without having to subscribe。In other words, this feature of FBS can be used without you paying any fees。
You just need to make sure your deposit reaches or exceeds $500。In addition, please ensure that the transaction is made within 30 days of receipt of the first report to maintain the continuous delivery of the report。Once the amount is less than $500, you will no longer receive the report。
You also don't need to sign up for anything, because FBS will send you a daily VIP analysis report as soon as you deposit $500。FBS's daily report analysis includes agenda and important events to watch, latest news, currency pair technical analysis, and reminders of important economic events happening today。
The analysis is not only in English, but also in Spanish, Thai, Portuguese, Malaysian, Indonesian and Arabic。The reporting language depends on the language you selected in your account。If your language is not on the list, you will receive a report in English。
Daily reports will be sent to your email immediately after market research by FBS analysts。Normally, you will receive a report before 12 noon (UTC + 3)。
FBS is a global broker operating in more than 150 countries with over 23 million traders and over 400,000 partners.。In order to provide the best customer experience, FBS often organizes seminars and special events。
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