How to Use the Economic Calendar


So, you know that a currency pair consists of two currencies, representing the market sentiment balance between two countries. For example, in the EUR/USD pair, the US dollar represents the United States, and the euro represents the Eurozone. Therefore, traders dealing with this pair would be interested in events occurring in both America and Eurozone countries. Use filters to customize the calendar according to your interests and goals. 


Economic calendar provides the option to filter events by various parameters, such as country, event type, importance, and date.  

 

Pay attention to the importance rating of events, marked as "high," "medium," or "low." Important events usually have a greater impact on the markets.


After the publication of economic data or news, analyze their impact on the markets. Analyze vfxAlert dashboards and Signal History. Compare actual data with analysts' expectations and observe how the markets react to these events.


During the publication of important fundamental news and statistics, don't open trades 30 minutes before the news and 30 minutes after the publication.

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