Economic Calendar

The economic calendar is traders’ #1 assistant. It is a reliable source of financial information that helps you analyze and forecast the movement of asset prices. It is a must-have tool for fundamental traders and an extra helper for people who rely on technical analysis.

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Why Should You Use the Economic Calendar?

Financial markets are highly dependent on world news and events. Macroeconomic data such as employment rate, GDP, inflation affect Forex. The smallest shift in politics, a speech of a financier, even a single Tweet from a leading businessman can drop or boost the market.

Knowing when to wait for updates lets you act in advance and secure your investments before the price goes in the opposite direction. Even if you’re focusing on the technical analysis, keeping an eye on the news will empower you to avoid unpleasant surprises and losing money due to big swings.

How to Read Such a Calendar?

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Timing

The data is shown in chronological order. The freshest updates are displayed on the top so that you can be focused on upcoming events. The calendar automatically refreshes every time the next event comes.

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Currencies

The calendar shows the currencies that may be affected by every upcoming event.

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Impact level

Some news influences financial markets more, causing significant fluctuations, and some of them don’t have enough effect. If you are a scalper, high-impact news will tell you when to wait for the peaks.

The economic calendar is a first-class helper for traders of different styles, as they all should have a grasp of what’s going on in the financial world to plan deals.

Calendar

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Risk warning

Trading CFDs and spot contracts involves a high level of risk. CFDs trading may not be suitable for you. Therefore, make sure that you fully take into account all financial and legal aspects and accept the risk of loss that may occur in the investment process. If necessary you should seek legal advice.

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