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Thread: News Calendar is the most important part of Forex Market.

  1. #4401
    Junior Member Muhammad Asadullah Qayyum is an unknown quantity at this point Muhammad Asadullah Qayyum's Avatar
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    Trading technical chart patterns can be extremely profitable but one must always be aware of the fundamental story which is ultimately driving the markets. Below we have listed five of the most important News Releases/Economic Indicators you need to know right now!

    ---------- Post added at 03:27 PM ---------- Previous post was at 03:26 PM ----------

    Trading currencies in normal market conditions typically involves taking calculated risks, but trading them during major news events can be far riskier. For this reason, many conservative forex traders choose to square their positions during the time frame immediately before and after the release of important economic data or other schedule news announcement.

    ---------- Post added at 03:29 PM ---------- Previous post was at 03:27 PM ----------

    Experienced traders examine future economic events on a daily basis in an attempt to predict the movement of a particular currency pair. They usually stay way ahead of the announcements of crucial events and get into action in a respective way, so that by the time a certain announcement is made, they will have already estimated the value of the currency pair they are interested in

    ---------- Post added at 03:30 PM ---------- Previous post was at 03:29 PM ----------

    A simple, but effective way for traders to keep track of information from events, news or statements is to have an economic calendar at their disposal. By using such a vital trading tool, traders are able to follow key economic and non-economic indicators, which may provide clues of the direction of the market and also be aware of all the events, expected to influence the movement of a particular currency.

    ---------- Post added at 03:31 PM ---------- Previous post was at 03:30 PM ----------

    When looking at such a calendar a beginner trader will most likely notice that all the available information is arranged in several columns by country, name of the indicator and influence (or importance) of it, as well as current period value, forecast value and value regarding a previous period.We should note that different countries have various influence on global markets.

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  3. #4402
    Junior Member pinus is on a distinguished road pinus's Avatar
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    Quote Originally Posted by zarak View Post
    While using the forex calendar can be kept informed about economic indicators and events around the world.
    The use of forex u-forex calendar can make it easier to make business choices higher. for more info on economic indicators,
    please check out our new forex and get a detailed explanation of the various events linked to forex.
    Well, Calender gets a bigger contribution in forex .. by this calendar can be one about upcoming
    news regarding regarding currency pairs and materials. So ,,,, calendar shows the level
    of currency impact that helps the fore trader take the right decision ..,
    good luck

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  5. #4403
    Member umarfarooq2431 is on a distinguished road umarfarooq2431's Avatar
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    Forex is a moral as well as part time job. if you can justify a immature author why the calender is that serious. so far i haven heard of any seasonal changes of forex mart. may be i'm ignorant but satisfy assert me why the calendar is so alpha. Advantage phenomenon.

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