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Forex Economic Calendar
What is an "Economic Calendar"?
An Economic calendar provides information to traders so they know what is going to happen and when. Traders typically use this calendar to plan out trades and stay aware of possible risks that could affect their open trade position.
How do I use it?
To use it efficiently, be sure to check it for upcoming impact events at the beginning of each week. You can see the impact level through the emoji next the event name. High impacts are marked with a red emoji and medium impacts are marked with a medium emoji.
The "Impact" shows the possible impact that report may have on the market that day.
Traders typically check the upcoming economic events on the calendar for one of 2 reasons:
> The first is to avoid having open trades during potentially high volatility.
> The second is to use that volatility to look for nice entry and exit points on new or existing trades.