How to read the economic calendar for successful trading
The economic calendar is an application that has an important role in the financial markets. Thanks to this application, which gives information about how the market conditions are going to move, you will not have any difficulties evaluating your savings. In addition, as the economic calendar helps you keep track of the factors that cause the prices of investment instruments to change, you can earn the money you want by maintaining control like professionals. Generally, the economic calendar can be listed as FX calendar economic, calendar trading economic, economic calendar next week. As ALB, we will share what you wonder about the economic calendar in this article.
Forex Economic Calendar
Forex economic calendar is a financial technology product developed by Foreks Digital with mobile, web, and desktop applications. It offers comprehensive investment platforms where investors can follow instant market data without interruption and direct their investments with analysis tools and algorithms.
Macroeconomic Calendar
The macroeconomic calendar is known as an essential tool for every fundamental investor. Displays the main macroeconomic events for the current day in chronological order. Once published, events on the macroeconomic calendar affect market prices. Therefore, technical traders need to follow them. In general, the information you can read for each macroeconomic event is as follows:
- You can read the value from the last version (on the right),
- Value expected by analytics (on the middle),
- Also finally, the most recent value (on the left).
Economic Calendars
Economic calendar includes financial reports and data published periodically by government agencies or other research institutions, press releases on central bank meetings and activities and policies, and public funding activities and statements. The calendar also includes political events such as elections and developments that may affect markets. However, they do not happen regularly, such as in parliamentary hearings, speeches by policymakers, and talks between country leaders.
Such developments can create fluctuations that increase the likelihood of risk exposure. Investors can tailor their portfolios to meet their investment goals by knowing the dates of such critical economic developments. Some assets, such as foreign exchange and industrial commodities, also move according to specific publications.
Some items in the calendar occur at regular intervals. Investors and professionals follow these developments closely to get an indication of the market and economic conditions. In addition, some of the results that occur at regular intervals are employment and inflation reports, public funding activities and statements, and central bank meetings. Other items in the calendar depend on current developments and more extensive periodic conditions. In short, any action that may affect economic conditions or market activity is considered part of the economic calendar.
Make sure to stay engaged with the world of Forex in order to avoid missing out on any opportunities resulting from major market developments. Stay up-to-date with the latest information about investing in the Forex market, whether you're trading with leverage or not, by following us on our social media accounts and website. Gain access to detailed information about the transactions you plan to make and stay informed about market developments to invest in your future wisely. Learning everything you wonder about the Forex market is possible with ALB!
