What Is an Economic Calendar?
An economic calendar is a tool that lists all important economic events. Some calendars also cover the important indicators, indexes, and ratings.
The data comes in live 24 hours per day, 5 days a week. Whatever happens, we always make sure that you have the latest news and the most relevant data.
1000+ economic events.
Live real-time monitoring for 50+ countries.
Classification by the event impact.
Customizable time zones based on your location.
Economics is a field of study that is very much affected by real-world events. And FX-trading, which uses the economics’ principles in practice, is the proof of that. So, while the mathematical patterns and other Price Action systems are reliable most of the time, they are pretty much useless when something major happens in the real world.
Economic calendars provide data for further analysis and help to predict the direction the Forex market will take in the future. They are mainly used by the followers of the fundamental analysis. Some FX-trading strategies, i.e., scalping, are built around using the economic calendars to predict commotion on the markets and trading to take advantage of it.
However, even if you despise the fundamental economic analysis and follow Price Action strategies, you can still use an Economic Calendar to see when the market might be affected by the real-world events.