Economic Calendar for the Forex market.

Why do we need the economic calendar?

Many traders - beginners ask such a question. Indeed many sites in the analytics section there is a calendar. With the economic calendar, you can find the news that occur in the world, and particularly affect the currency market.

calendar description.

Economic Calendar - a great tool for the traders. It shows all the news, the news section on its importance. News that have the greatest impact on the market, marked by one ball, stronger news -dvumya balls, and more powerful and the most important news marked by three points.

Calendar is divided into columns. At the top of the time, the world time. Here you can set the time zone in which you live. Below is a graph in which you can choose the news that you are interested in a specific date.

For example: select the news today, tomorrow or even next week. Further, the economic calendar or calendar of events, divided into columns. In the first column - the news release time is the time that will be released any news.

In the second column - indicates how much time remains before the release of the news. In the next column - the icon displayed country where the news happens. Then you can see - an event that will happen. For example, it will be announced on the trade balance for the month of January, in Chile. volatility of this news can be found in the next column on a 3-point scale. Usually it is indicated by exclamation marks where:

! -News Without providing special attention to the market,

!! - The average news,

!!! - Important news is the news and have the greatest volatility.

Next, you can see - the actual value when the news already held, the indicators will be on display here.

There are column - it forecast indicators, if this prediction is. And in the last column you can see the previous value, the previous performance. If you are interested in more details, then clicking on the news, will open a window where you can read more in detail. Many traders use this calendar to their analytical forecast, using it up fundamental analysis. Especially popular economic calendar is enjoyed by those traders who work on the news and have for this purpose a specialized trading strategies. But to know the news outlet, especially important should each trader. If the trader's trading strategy is not associated with the work-out of news, you still understand that the important news have a global impact on the market.

Let's say you open a buy order, and you are not asked in advance not looked into the calendar and do not know that 5 minutes will yield important news. It took 5 minutes your trade is profit. But ... Came the news that launched the market and the market went against you. In this case, you can incur very large losses or even get a general margin Call. And if the trader asked in advance, he would insure his or transaction, or even released at this time out of the market. Therefore, the calendar of events is an indispensable tool for any trader from any work experience.