The economic calendar provides the latest information regarding economic events and important news that can influence the forex market, almost all brokers provide access to information for their clients to know the economic calendar schedule.
Several important points in reading the economic calendar are summarized as follows
Several reference sites for finding out economic calendar schedules such as Forexfactory, DailyFX, and so on, on the official FXOpen UK website there is also an economic calendar available.
Several important points in reading the economic calendar are summarized as follows
- Get the latest information on economic events such as economic data releases, monetary policy announcements, and political events that can affect currency values
- Set a trading schedule, by knowing the important economic calendar schedules traders can prepare the right trading hours
- Predicting market movements, if economic data is released that shows good economic performance, the value of the relevant currency will tend to strengthen.
- Avoiding unnecessary risks, when there may be news that influences the market to become uncertain, traders can avoid trading
Several reference sites for finding out economic calendar schedules such as Forexfactory, DailyFX, and so on, on the official FXOpen UK website there is also an economic calendar available.
