Economic Calendar Tips For Forex Traders 💱
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Economic Calendar Tips For FX Traders. What is a forex economic calendar? If you’re trading fx you will probably be familiar with the economic calendar. This is a calendar of scheduled economic data releases from different countries. These are announcements that look at a variety of different things like the interest rate announcements, jobs numbers (non-farm payrolls..etc), CPI, PPI..etc and these potentially effect the price of the currency pair you are trading.
– Filter for yoru pairs
– Avoid holding data over data that are new/tight
– Understand what data is important and which is not.
– Use data as a starter to conduct analysis from.
– Plan how you will/won’t trade after a major move.
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How to Use a Forex Economic Calendar! 💥
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