Why it’s important to use an Economic Calendar
Each and every trader can be affected by large and sudden currency moves; day traders, amateurs and serious investors can all be moved by market volatility or unexpected economic developments. Don’t make the mistake of thinking an economic calendar is just for long-term forex trading. Any serious forex trader should be aware of the latest news and economic events before getting into any trade, as this kind of fundamental analysis often guides trading decisions and helps in managing risk.
Our FX calendar provides the following useful data:
- Forex trading times (which forex markets are open right now)
- The expected impact of an event on the market (low, medium or high)
- An indication of which currencies will be influenced the most
In addition, you’ll be able to see key data for the fundamental economic indicators: central bank rates, the dynamics of GDP, inflation, employment and many other important news.
Each forex rate depends on the state and prospects of each national economy, its current political situation, ongoing large-scale speculative operations, and many other fundamental factors. Currency rates and financial markets in general are very sensitive to these events. So be sure to use this data to make informed trading decisions.
Avoid unnecessary financial losses related to economic or political changes by using the Tickmill Europe Ltd (ex Vipro Markets Ltd) economic calendar to guide your trades!