Largest Forex Trading groups 1. Bitcoin Vancouver 4, Members Vancouver, Canada freddie. Genesis Block HK 3, HODLERS Hong Kong, Hong Kong Wincent Hung. Organized by Wincent Hung. Wincent Hung. Fintech Tuesday 3, pioneers London, United Kingdom Adrian Pang. Organized by Adrian Pang. Adrian Pang. Organized by Stocktwits. The London Traders Network 3, Traders London, United Kingdom Paul Wallace.

Organized by Paul Wallace. Paul Wallace. Chicago Traders Group 2, Traders Chicago, USA Dan. Organized by Roger Ver. Roger Ver. FinTech Meetup 2, Financial Tech Professionals New York, USA Joe Ziemer.

Organized by Joe Ziemer. Joe Ziemer. Organized by EnterpriseGuy. By lowering interest rates, the European Central Bank is trying to stimulate the economy and encourage people to spend money and businesses to expand. This is also known as a dovish stance. When the ECB lowers interest rates, there is a chance that the euro could lose some of its value. This could be an excellent opportunity for you to short the euro.

The members of the Executive Board have permanent voting rights, but the National Central Bank Governors have rotating rights. The Governors from the countries in the first five spots share four votes, while the other 14 share 11 votes. The Governors use the voting rights in turn, based on a specific monthly rotation. However, this rotation system has no effect on the discussions during the ECB meetings because everyone has the right to speak. Every 6 weeks, the Governing Council holds a monetary policy meeting, when they are charged with assessing monetary and economic developments within the Eurozone and making decisions about monetary policy.

At non-monetary policy ECB meetings, the Council meets to discuss other responsibilities and tasks. The President and the Vice President of the ECB hold a press conference after every monetary policy meeting to explain any policy decisions that have been made.

The ECB also publishes regular accounts of the policy-making meetings before the next meeting is held. Below you will find the dates of the Governing Council meeting of ECB in Frankfurt pertaining to monetary policy:. The Forex market is especially prone to rapid and short-term movement around the time of important economic news releases, such as the decisions made at the ECB meetings.

These announcements not only affect the currencies of the countries in question, but also has a knock-on effect around the globe, and will influence currency pairs. If you want to reduce risk and increase your potential for profit, then you must know the dates when the information will be released.

You should also plan what forex trading strategies you will use for the fast-moving market that occurs around this period. Remember that while some investors choose to stay out of trading at this time, others are keen to capture breakouts in this volatility in an attempt to increase their profits.

So, staying out of the market is just as valid a strategy as anything else. If you are looking for a simple but effective Forex trading strategy to trade economic news releases , you could try the Whipsaw technique. It is one of the most popular trading strategies around economic announcements like the ECB meeting. One of the issues with trading the news is that high market volatility can make it difficult to determine how large your stop loss should be.

In a whipsaw, prices move up, stopping out short traders, and then move down, stopping out long traders. The trading strategy involves opening two trades — one long and one short — which are as close as possible to the middle price of the move that is leading up into the whipsaw.

Set a take profit on both trades of around 10—15 pips to limit your risk. This strategy only works for high-impact releases such as an ECB meeting, which indicates that a whipsaw move is likely to occur. It is also vital that the market is moving within a tight range before the news release for the whipsaw to be a possibility.

Another way to maximize profits is to use multiple currency pairs — for example, all USD or all EUR pairs — when utilizing this strategy, as this spreads risk and creates more opportunities for success. Sign up with one of our trusted partners from the list of the best forex brokers below and start earning money today.

We at Topratedforexbrokers. com are committed to your privacy and protection of your personal data. We will only process your personal data in accordance with applicable data protection legislation. For more information on how we treat your personal data, please review our Privacy Policy.

Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Check our help guide for more info. Best Forex Brokers Broker Reviews ECN Brokers Forex Bonus Comparison Forex Demo Accounts Academy Breaking News. Home Forex Trading Academy ECB Meetings. Last update: 12 October ECB Meeting: What Forex Traders Must Know to Make a Profit Every forex trader needs to know the key dates in the annual economic calendar to minimize risk and maximize profitability.

Broker Min Deposit Bonus Rating More FOREX. Broker Min Deposit Bonus Rating More FPMarkets. Broker Min Deposit Bonus Rating More XM Group. Broker Min Deposit Bonus Rating More FBS. Broker Min Deposit Bonus Rating More eToro. Broker Min Deposit Bonus Rating More HotForex.

Frequently asked questions FAQs What time is the ECB meeting? This is followed by an ECB press conference at CET on the same day. When is the next ECB meeting? The major ECB monetary policy meetings for will occur on March 12th, April 30th, June 4th, September 10th, October 29th, and December 10th. How often does the ECB meet? The ECB Governing Council holds two meetings every month, as well as a monetary policy meeting every six weeks.

During these meetings, economic indicators and other factors will be reviewed to determine the appropriate interest rates for the Euro. The policies set during these meetings have a direct effect on the outcome of trading pairs at top-rated forex brokers.

How often does the ECB set interest rates? Every six weeks the Governing Council meets to set interest rates.

Practicing with a demo account during these periods is a good way of seeing how new trading strategies might perform. Why are ECB meetings important for forex traders? The topics discussed during ECB meetings have a direct impact on forex markets.

Meet other local people who are interested in Forex Foreign Exchange Market Trading. Gather and discuss trading Forex professionally and exchange ideas about strategy, the psychology of trading, and possibly turning Forex into a home-based business. Show all. Skip to content. Home Topics Forex Trading Worldwide. Forex Trading. Forex Trading groups near you. More local groups. Chicago Traders Group. Futures and Forex Trading Education of Chicago.

Chicago Futures Traders Network. Largest Forex Trading groups 1. Bitcoin Vancouver 4, Members Vancouver, Canada freddie. Genesis Block HK 3, HODLERS Hong Kong, Hong Kong Wincent Hung. Organized by Wincent Hung. Wincent Hung. Fintech Tuesday 3, pioneers London, United Kingdom Adrian Pang. Organized by Adrian Pang.

Adrian Pang. Organized by Stocktwits. The London Traders Network 3, Traders London, United Kingdom Paul Wallace.

Organized by Paul Wallace. Paul Wallace. Chicago Traders Group 2, Traders Chicago, USA Dan. Organized by Roger Ver. Roger Ver. FinTech Meetup 2, Financial Tech Professionals New York, USA Joe Ziemer. Organized by Joe Ziemer. Joe Ziemer. Organized by EnterpriseGuy. Raleigh Durham Open Stocks Futures FX Options Traders Meetup 1, Traders and Investors Raleigh, USA Don Brady.

Organized by Don Brady. Don Brady. Newest Forex Trading groups Trading Forex. Hamburger Aktionäre. Practical Metaphysics. Abu Dhabi Forex Trading Meetup Group Learn For Free. Financial Trading London Group.

Quant Automated Trading.

This system ensures that all areas of the United States are represented in the FOMC. Don Brady. When trading in foreign currencies, knowing when the ECB meeting is scheduled is essential because the forex market becomes exceptionally volatile during the time leading up to the meeting, and right after it. Every forex trader needs to know the key dates in the annual economic calendar to minimize risk and maximize profitability. More local groups. The trading strategy involves opening two trades — one long and one short — which are as close as possible to the middle price of the move that is leading up into the whipsaw.

Categories:

• Forex Bitcoin
• Forex
• Binary Options
• Forex Brokers
• Binary Options online