The Economic calendar is very essential for operations on Forex, because it’s a key tool for fundamental analysis. In this section, you will know how to read the Economic calendar and how to use it in the expanded mode.
How to read the Economic calendar to make your trading operation more efficient:
The Financial calendar helps traders to predict the way exchange rates may alter before they start trading on Forex. Thanks to the News calendar, traders have an opportunity to provide insight into the short-term market situation.
Forex market is influenced by a great deal of factors, including economic news. Some traders in particular prefer to trade during the periods when important news and financial statistics for some specific industries are published. In case the data from the Economic calendar is read and understood correctly, traders may understand better the movements of the markets. However, many traders are quite opposite and they prefer to refrain from trading on Forex during such periods, because these times are marked with higher volatility and changes of prices on the market are very unlikely to be predicted.
Still, any of these approaches to trading implies that market players should follow all breaking news and important economic events if they want to succeed on Forex. This is exactly how the RoboMarkets News calendar is going to help you as it contains a lot of financial data in details.