What is a calendar for a trader?

Written by Volity Team
Updated 2 weeks ago

The Forex Economic Calendar is a important tool for every trader, regardless of trading experience and level of professionalism, and especially for those who trade on the news. A good economic calendar takes into account all significant events and accumulates experts' forecasts for them, that is, it allows not only to react, but also to prepare in advance for possible changes.

The calendar is a kind of online chronology of global economic events and at the same time a list of important Forex news, which are ranked by importance (Impact) . All fundamental factors (GDP growth, retail sales, consumer price index, etc.) are regularly published and seriously affect the price movement of the official currency of the state.

Top Movers– shows instruments with the highest daily volatility. As we can see below, the shares of some companies fell by as much as 15-20% in one day.

In the calendar of economic events on Forex, there is always rich food for thinking and building profitable trading strategies. For both bulls and bears, the economic calendar is a storehouse of information that reveals the state of world markets.

The News section describes all the most important economic and geopolitical news that will help you with fundamental analysis.

The Volity calendar contains all important events for the international market in the main economic centers of the world, as well as expert forecasts and the history of their revision. After the release of the event, the ratio of the forecast to the actual indicators is published.

It includes monthly, quarterly, and annual statistical data on the country's financial indicators. These are the same fundamental data that affect the price of small and large markets. That is why the economic news calendar is one of the first tools for analyzing a trader in various financial markets.

The calendar and the news are key indicators for those who trade on the news, and one of the important factors that can influence your decision to enter the market or avoid opening a position due to the release of the news.

                            We wish you successful trading with Volity !

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