Using FXStreet Economic Calendar for Risk Management in Forex
Professional forex traders use the FXStreet Economic Calendar as a risk management tool, not a trading signal, according to analyst Ian Coleman. The guide explains how to avoid the 'Spread Trap' during high-impact news events.
Analyst Ian Coleman has published a guide for forex traders on how to use the FXStreet Economic Calendar as a risk management tool rather than a direct trading signal. The approach aims to prevent common pitfalls such as the 'Spread Trap'—a situation where sudden volatility during major economic releases widens spreads and triggers unexpected losses.
The method involves identifying high-impact events in advance and adjusting position sizing, stop-loss placement, or staying flat during those times. The full video walkthrough is available on YouTube.
Source: FXStreet Forex News