Thread: Where to see Draghi's speech live

The ECB site always transmits it, but you are looking for something with live comments, test in Bloomberg or CNBC.There they usually break down what it says and what it means for markets.Of course, prepare to listen to the same as always: "stability", "flexibility", "inflation expectations" ... all said in the most boring way possible.

I leave you advice: if you want to operate based on the speeches of Draghi or any central banker, do not take it into real account until you have practiced in demo.The movements can be brutal and the Spreads shoot.Many have burned accounts in seconds for entering the wrong moment.

If you missed the speech, don't worry.The important thing is the market reaction, not what Draghi has said.Go to the economic calendar and check the publications of Reuters or Bloomberg.There you will have the key summary without having to listen to all the talk.

Draghi's speeches are always the same: a lot of technicalism to say that they will continue to print money and keep low rates.If you really want to understand how it affects the market, check the yields of the bonds and the EUR/USD.There is the true story.

The best thing you can do is observe how currency pairs react without paying too much attention to what it says.Many times the market has already decided where it will go before Draghi ends the first sentence.

Unless you have high frequency software and a team of analysts behind you, try to operate with live speeches is crazy.Large funds already have scheduled algorithms to react in milliseconds.When you proceed what he said, they will have moved the market.

I do not understand the obsession of the people with seeing these speeches live.Unless you are a financial journalist, they don't bring you anything new.The really useful thing is to analyze the impact later.The long -term trend is not decided in a single speech.

If you think that seeing live speech will give you an advantage over other traders, you are dreaming.All big players already have access to that information before you.Focus on developing strategies based on technical analysis and Price Action.That will give you a real advantage over those that depend on news.

I follow it on Twitter.Most professional traders publish key points in seconds.In addition, analysts already tell you what each phrase means without having to listen to an hour of boring talk.

Seeing a live speech to operate is like betting in a horse race without knowing what the favorite is.If you really think you can get ahead of the market with that, an unpleasant surprise awaits you.