Economic calendar

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Economic calendar gives an overview and analysis of the events that affect the Forex market.

How can I use the calendar?

The economic calendar allows you to prepare a news release that may affect the Forex market.

Usually, when the news was released market reaction is usually not so influential, as long as the forecast is the same as the actual results. If the result does not match estimates and then the market may react harshly to the differentials.

Source: www.tenkofx.com

It is great facilities to have these sorts of options. I always prefer trading with OctaFX broker as they have incredible features which include having the awesome Economic calendar, it is not like other sites but here we can set our own timing so that we are well aware of when there is any big news is releasing which can save us from disasters or losing unnecessarily. They have also many other options like Holiday calculator and many more interesting and useful stuff!

Next week is really Important for USD, with the recent FOMC decision it will be really important for the USD to keep its shape against major currencies like JPY and GBP, apart from that EUR/USD will be another important pair to follow next week in order to develop a trading plan.

Take care when the news with a great impact with the marked red on the economic calendar because sometimes it will make prices move with uncontrolled. make the most of the economic news and reference as trading economic calendar

Traders need to consider Important events before trading with their real money because these events hold great importance and are able to move the market with great volatility, so on these events you need to protect yourself against major events with best possible risk management plan in order to cover the portfolio.

I have seen many people say to me I don’t trade on news so for this reason I don’t care about economic calendar but my question is even if that is the situation still one must look at economic calendar as there are 24 hours news releasing so even without wanting we can come in range of major news which can be very dangerous.

I always check latest news with OctaFX as they have fantastic Economic calendar so that helps me in great way and what other part that I find very helpful is their analysis and news section from where I can follow all the latest news and trade according to that and so far it has went so smoothly over 6 months with no major loss.