Why do you need Forex Calendar?
It is difficult to become a successful trader if you do not know what is happening on the forex market. It is essential to have access to quality and timely information. Economic calendar is a vital part of fundamental analysis. Profits of every trader depend on correct interpretation of the data published in the calendar online. That is why, Calendar is one of the most needed tools for those interested in earning on Forex.
Calendar is very simple in use. To choose the most important news, apply special filters. With the help of the Forecast column, every trader can estimate future statistical figures in the nearest term.
If you strive for the most effective Forex trading, do not ignore news and do not limit your trading instruments to only a couple of currency pairs.
A dynamic of a particular instrument is influenced by various factors:
- a change in interest rates;
- unemployment rate;
- GDP growth;
- retail sales;
- inflation indices;
- consumer spending etc.