Trade using our Forex Calendar in real-time Trade using our Forex Calendar in real-time May 14, UTC Admiral Markets' Forex Economic Calendar allows you to follow the economic agenda in real time and, therefore, take into account fundamental events that tend to impact the markets. The stock market and Forex are driven by two main factors, technical aspects of the market and its fundamentals. That's why the majority of traders start the day by looking at the Forex news in the calendar for the next session - so they can adjust their strategy in the best possible way.
Important news will lead to interesting trading opportunities, particularly when they induce increased volatility in the markets.
What is the Forex Economic Calendar?
What is the Forex Economic Calendar? The Forex news calendar summarises the announcements and events expected during the upcoming trading sessions This is key information that will influence currency prices on the markets.
For this reason, the FX calendar is one of the most important tools for traders wishing to stay ahead of the fundamental news affecting currencies.
Some news will have little impact on the markets, whilst others can induce a great deal of volatility and re-alignment. The level of importance is reflected by the following colours: Green: not very relevant Red: important information that can cause large movements Its nature In other words, the description of the news, which will allow us to judge the importance of this event, whether it is a speech by Christine Lagarde of the ECB or unemployment data from the US.
The results Together with the forecast statistics and previous results, we make it easy to evaluate differences in the data and compare them with the market consensus. With all this information, the trader can follow the trends in the markets in real time and take advantage of the opportunities presented by trading with the economic calendar.
We suggest that you practice with a risk-free demo account to see how Forex news impacts the price of assets. Simply download a free trading demo account by clicking on the image below! How to trade with the Economic Calendar in real time To determine how to trade news in Forex, you should consider the importance of the news that may affect your trading pairs and compare the actual results with the expected market consensus. It is very important to determine what position you are going to take based on the economic news that is to be published, so let's look at the possible scenarios: Expectation of results In this scenario the trader would open a position in advance of the news in line with the market consensus.
The trader places orders above and below current prices to enter the market at the time of the news announcement. Pure performance tracking In this case, trades are carried out based on the actual announcements to benefit from the effect of the news and the price direction induced by the new fundamentals. Waiting Once the immediate effect of the news has passed, you can either join the resumption of the previous trend or the start of a new trend triggered by the new information Finally, another option is possible, and that is to not trade the markets around unpredictable news, which is also smart trading!
Can we only trade with the FX Calendar?
Trading with a real time economic calendar can be very useful for those who don't want to use charts and perform support and resistance analysis, or determine trading on the news on the economic calendar based on technical analysis.
In fact, some traders never look at the charts and take positions in the markets solely on the basis of economic indicators. They usually do so with a medium to long-term time horizon based on anticipated announcements or trading on the news on the economic calendar analysis.
- Trading the economic calendar can be beneficial for some traders.
- Forex Economic Calendar
In this case, traders often rely on key or psychological levels to determine their risks and objectives. However, a combination of both technical and fundamental analysis may be more effective. Either way, the Forex news calendar is an essential tool for the trader in the medium and long term. We will now move to the more technical aspect of this article, starting with How to trade with the economic calendar?
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The economic calendar can be used in several ways. Trading Economic Calendar - Risk Management A swing trader who operates in the markets with a daily timeframe, for example, will focus his or her attention on the economic currency calendar to see if his or her current positions are exposed to the risk of an economic announcement, and if so, how much. The weekly economic calendar will allow you to manage your positions over a relatively long period of time. For example, for a foreign exchange trader, the Forex economic calendar will be essential to determine in advance when the ECB might change rates or for any news related to quantitative easing and, more generally, to the ECB's monetary policy decisions.
Trading Economic Calendar - When to open a position?
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Combining a forecast with the economic calendar can help traders locate and find the right time to enter the market. These traders will look for future announcements that could affect currencies, indices such as the DAX 30 or commodities in order to take advantage of the volatility caused by publication. In this case, the real-time economic calendar will be key to the daily sessions.
Discover the Forex calendar that is integrated in the MetaTrader trading platform: What trading style is best suited to using the Economic Calendar? Every trader should act differently depending on their trading style. A swing trader who usually performs technical analysis on his trades will most likely use the Forex calendar to manage his risk exposure.
This would involve avoiding news trading, and therefore exiting positions before the announcements likely to affect markets. Event-driven traders will rely on the calendar when managing their portfolios; potentially opening positions in anticipation of imminent announcements.
Scalpers will use announcements as indicators of potential volatility to benefit from. In other worlds, the Forex economic calendar is useful whatever your trading style.
Interpreting the Calendar If you want to trade GBPUSD for example, real-time information from the markets will be a valuable asset if you know how to interpret the economic calendar. A good understanding of the fundamentals of the market as well as the behaviour of other market players is part of becoming a profitable trader. Of course, it is not advisable to open a trend-riding position just before an important announcement.
This simple understanding of the value of the information contained in the FX economic calendar will allow you to avoid large losses who earns binary options your trading account.
As you can see from the trading chart, this news had a great impact on the price of cable. Previous candlestick charts had shown bullish signals, so those unaware of the economic calendar could have taken big losses. If you are attracted to the currency markets, the economic calendar allows you to be aware of the market's expectations, i.
This knowledge allows you to avoid certain actions and risks and, therefore, potential losses for trend traders or reveal real opportunities for range traders. Global economic calendar in real time!
There are a multitude of economic indicators that go into the Forex calendar. All of them are shown in the calendar to help understand the possible impact of the news on a currency pair.
Below is a list of news items that are considered to be of high impact: Economic Calendar - US Indicators When looking at the US labour market, the most important indicators include: Unemployment claims, which assesses the number of new claims and updates the corresponding total.
The unemployment rate, which represents the proportion of unemployed in the country. Productivity indicators visible in the Forex news calendar include: The ISM Manufacturing and Non-Manufacturing Index, which is an indicator of inflation and working conditions, how to make money on a personal website translate the health of the markets.
The Industrial Production figures, which are the production capacity used each month. Orders for durable goods, representing orders placed with manufacturing companies in the country Consumption measures are represented by: Retail sales.
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This publication directly reflects consumer spending and consumer confidence. Inflation indicators: Consumer prices measuring a range of goods and services widely studied by market players.
Output prices composed of the prices of faced by the producers of goods.
- To know the events and releases better and learn different aspects that can influences or improve your trading, we collected some of the best educational articles, reports and videos about news trading.
- Economic Calendar
For country's trade figures, the calendar includes: The trade balance, which represents the difference between the country's imports and exports of goods and services. Finally, information related to monetary policy includes: Interest rates The inflation rate, represented by changes in the consumer price index. Speeches and decisions on the Fed's monetary policy. Economic Calendar - European Indicators In terms of the ECB calendar, the most important Forex news in the economic calendar include: Monetary policy meetings key rate decisions, for example and speeches by the European Central Bank and its representatives.
This indicator is available for each country. The employment indicators obviously represent variations in unemployment. The elements for measuring activity and production in the European Union are also found in the economic calendar including: German manufacturing orders, important given that Germany has the largest economy in the EU.
Using the Economic Calendar
The German IFO index, which measures the level of economic activity. Market participants anticipate expected announcements and therefore movements that follow can be relatively calm, if expected, or wild, if inconsistent with previous expectations. That's why using the FX economic calendar is so important.
If you want to learn how to trade using the economic calendar or trade with news to improve your strategy, take your time and try it first on a demo account.