FXStreet Economic Calendar: Stop Losing Money on News shorts [tpAnueWXF0w]
Uncover how to prevent unexpected trading losses by expertly using the FXStreet Economic Calendar as a critical risk management tool. Many traders, even when their analysis is correct, experience costly stop-outs due to dramatic spread widening around major news releases. Check out FXStreet's economic calendar for all the relevant trading news: This phenomenon occurs because liquidity providers often pull pricing from the market before key economic announcements, causing bid-ask spreads to expand significantly and unexpectedly trigger stop-loss orders, even if the underlying price never reaches your original stop level. Professional trader and analyst Ian Coleman recounts personal experiences of getting stopped out this way, underscoring the vital importance of proactive risk mitigation. In this video, Ian explains that the FXStreet Economic Calendar is not designed as a trading signal but rather as an indispensable risk-management tool. He details his critical 'dos and don'ts' for navigating market activity during news events, focusing on how to identify 'red-impact events' that have the potential to create massive volatility, sudden spread expansion, and unpredictable price movements. Your objective isn't to predict the news outcome, but to use the economic calendar to anticipate and avoid getting blindsided by its market impact. By understanding how to check the economic calendar before every trading session, you can proactively adjust your strategy, protect your capital, and avoid common pitfalls that catch even experienced traders off guard. Ian shares practical insights to help you trade with greater consistency and reduce exposure to unnecessary market risk during high-impact news cycles. #forex #economiccalendar #newstrading #forextrading