Economic Calendar

Today, it is not so easy to find a trader who has not implemented an economic calendar into their work. An economic calendar FX has already become an indispensable tool for every trader, no matter what trading experience and level of professionalism they have. Economic calendars are especially popular among those who trade on the news.

What Is an Economic Calendar?

An economic calendar is a special program that monitors and considers all important events and collects experts' forecasts on them. That is how this tool allows traders to not only react but get prepared for predicted changes in the market in advance.

The calendar is an online list of global economic events and, at the same time, a list of significant Forex news, which is formed considering the importance level. To trade in the foreign exchange market based on fundamental analysis, you must constantly be aware of the dynamics. It is impossible to trade effectively without considering such fundamental factors as GDP growth, retail sales, consumer price index, etc. They all are analyzed and posted regularly.

How to Use a Trading Economic Calendar?

In fact, there is nothing complicated in the economic calendar use. Once you understand the structure of the calendar, you will immediately get the working principle. Economic calendars are usually made in the form of a table, in which all the functions are in front of you.

Tips on how to use the economic calendar trading:

• Before using the calendar, select the time zone of your current location so that the calendar will place news and reports according to the local time of the chosen location.

• Determine the time interval for which you want to receive reports.

• If you are planning to follow news from some particular region or country or several of them, use “Extended filters” and specify the location and an individual time interval for news receiving.

• If you want to find out more details about any news or event published in the economic calendar, you need to click on the icon next to the cell with the name of the event.

• The economic calendar is a treasure trove of information that reveals the real state of world markets.

• Every publishment of the trading event is accompanied by the posting of analysis and forecasts.

• An economic calendar is an indispensable tool, which enables the development and management of a successful trading strategy.