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Forex Calender
Hi all, i would like to introduce some of the useful forex calender which helping me to know what is the time and when it will come out a strong/medium/low event during a day/week.
Investing.com and Forexfactory are the general forex calender that helping those newbie in forex trading. These 2 calender provider are helpful.
I also recommend myfxbook.com forex calendar. It is my most used one.
Sometimes, I use forex factory one.
Normally, I used it at the beginning of the day and keep an eye on times that price can move
because of these news and pick few pips easily with bigger lots.
Hello,
An economic calendar it a great tool for any trader, even if a traders is a technical based one. For many of us, the must common economic calendar is the one from investing or Forex factory, also I would recommend to check the one from Forex street.
The following economic news releases are generally the most important for any country. Depending on the current state of the economy, the relative importance of these releases may change; therefore, they are not in order of significance here (they are actually in alphabetical order). For example, unemployment may be more important this month than inflation or interest rate decisions.
1. Business sentiment surveys
2. Consumer confidence surveys
3. Gross Domestic Product (GDP)
4. Industrial production
5. Inflation (consumer price or producer price)
6. Interest rate decision
7. Manufacturing sector surveys
8. Retail sales
9. Trade balance
10. Employment / Unemployment (Non-Farm Payrolls)
Global economic variables are the catalysts that cause all financial markets to move.
However, it is not the actual news events themselves that we should be concerned with, instead we need to be concerned with the final result of economic news events; price movement.
The easiest and most effective way to trade the Forex market is by learning to take advantage of simple, effective, and repetitive price action patterns that form in the markets as the end result of these global economic price catalysts.
My Conclusion:
Forex news has its place as a catalyst that causes price to move. But, if you don’t understand how to read the natural price action on a plain vanilla price chart, all the time-consuming fundamental analysis in the world will not mean a thing.
I Wish You Happy Trading
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