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As the name implies, this calendar lists the most important macroeconomic events in chronological order. This explains why many traders consider it an essential tool for trading Forex and other markets.

Furthermore, its simple interface makes it easy to identify the events deemed most interesting and to consult them one by one in the appropriate tabs.

The global economy or even individual industrial sectors can be influenced by events of various kinds, news and statements made by people with a certain prominence. Reports on a country's general health ( or more specific ones, such as unemployment ) also have the potential to influence market movements. The economic calendar facilitates the reading, which in some cases necessarily becomes the interpretation, of financial news. Based on this, the trader has an information advantage over other operators, both in Forex and in any other markets, which is reflected in the strategies adopted.

The use of the macroeconomic calendar actually depends on the type of trading you want to do and the market of interest. However, some elements are valid for all calendars, regardless of the strategy used by the trader:

Time date
Economic events are presented in chronological order. Future events, such as the release of reports and documents, also appear within the list.

Reference country
The country to which that particular index, news or statement refers.

Specific event
The event in question capable of influencing the markets or the economy of the country. It can also be represented by the updating of indexes and reports.

Current, forecasted and previous value
The current value of any index. In addition to the current one, the expected value for the future and the past also appear.

The economic calendar is not limited to events that can affect the world of Forex, as it aims to provide a clear overview of the economic state connected to multiple countries and different industries. It could be said that this instrument lends itself to being used in the best way by operators who are active in different investment areas.

In any case, the macroeconomic calendar is also a valuable resource for traders limited to the Forex market. The reports drawn up by national and international institutes, in fact, often influence the value
currencies, thus changing the relationships between currency pairs.

The experienced Forex trader has the ability to pinpoint events of particular interest with relative ease, making the calendar almost exclusively a tool for analyzing Forex.

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