An economic calendar or a forex calendar is a kind of calendar used to intimate traders and financers regarding the major scheduled fiscal numbers, government speeches and reports of the most significant people belonging to the world of finance. These calendars are generally published on an hourly basis.
eToro has introduced their forex calendar that will help you take bulk of your decisions related to trading. This is present in a screen that is effortlessly reachable from the screen of the main platform, so that you can refer the calendar anytime during trading.
This almanac is a device that gives you details about the key events that happen in the forex market. This could include figures and announcements that are released by policy creating financial organizations. Since these announcements are relative to the global economies, the foreign exchange market will encounter drastic effects.
One more reason the forex calendar is vital to traders because, it decides when the traders will trade. The trade is done based on the figures determined by the economic announcements that reveal the condition of the global market. The market is predominantly volatile soon after every announcement, by the dropping and rising of the currency exchange rates drastically.
The forex calendar will contain some indicators that you will have to pay attention to. It is very important for you to make a note of the time and date of the announcement. Next, is the currency that gets affected due to the pronouncement. More often than not, only one currency is affected.
The forex calendar offers you the most recent economic happenings and indicators from across the world. eToro's almanac will give you an idea about the worldwide situation in the trading market and more importantly assist you in making improved decisions related to trading, making you a winning trader.
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