Economic Calendars For Forex Traders
Links to good economic calendars for the forex market.
It is best to compare the figures on a few calendars as substantial differences can occur in consensus.
Daily FX Economic Calendar
Forex News
Today FX
Forex Factory
The London Forex Blog
You need technical analysis and fundamentals to trade currencies profitably.There is a need to understand the basics of economics so you can think for yourself and learn who the market participants are and which reports and statements drive the market.
It is important to know exactly when these announcements will be made so you can take advantage of the big moves that follow or avoid losing through a sudden surprise reaction.Economic calendars show in advance what time the economic data release will take place.Before a trade is taken, we look at an economic calendar for opportunities and threats.
If traders are expecting an interest rate to rise and it does,there usually will not be much of a movement because the information will already have been discounted by the market.However, if the interest rate does not rise as expected, then the market may react violently.
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