Forex weekly economic calendars can be found at various sites, but what are they used? Well, these economic calendars are useful for a Forex Trading:
1. When commercial major economic announcements. Some systems currency swap trade ads that are large, and it has been shown to move the market to a large extent in the past, and are therefore likely to do so in the future. There are systems that change in a pull high (> 80%) reliability of win-loss ratio and profits, simply by exchanging these ads. See below for more information.
2. When trading systems of exchange where you have to go out a trade before an important announcement that May impact on the currency pair on which the transaction, to prevent you from being whipped up or down for the period after ‘announcement, and therefore possibly cause you arrested.
3. For fundamental analysis, which are taken into account by some systems. Many systems do not use fundamental analysis to all but commercial ads on the basis of price movements that occur after the announcement.
Download Forex Calendar
You can get a change in a weekly economic calendar very useful format: dailyfx.com Go to “Calendar” tab, then click on “Global Economic Agenda for the week of…” on the left, to get the timetable for the current week with major announcements bold. They are listed in GMT and expressed EST (U.S. time).
You can even download the file in Excel format (always in bold), then add a column for your own time using Excel to add the number of hours ahead of GMT that you are, the column GMT, to get a column with your local time. This is very convenient.
Also: forexnews.com This site also has a global calendar announcements on the homepage, but the main are not in bold.
With your economic calendar is also advised foreign exchange resources to know where to find useful tools forex, including world clocks for your desktop computer to whether these ads are at your local time! Using the Forex Calendars It is noteworthy that the announcement will usually move the market if the economics are different announced the value that was planned, rather than falling on or around the figure planned . Because most systems that trade ads trade the price action that occurs after the announcement is made (and not before that the increase in share price), you do not need to know what that economic values. You just have to look at the price that the action happens after the announcement, and apply the rules of the system.
You want to take note of ads that are most important, which dailyfx on the site are in bold type, and also countries announced recently.
The announcements from a certain country often affect currency pairs who have the money in it more than it would have an impact on other currencies, if any. Thus, a major USD announcement as “non-farm payrolls”, May affect the EURUSD or GBPUSD for example. The way you negotiate ads course depend on the exchange rate system that you have chosen. For example, you’ll usually are of the opinion that trade after the price of shares that occur during the announcement of a precise, all based on technical analysis after the announcement, even if the announcement itself is a fundamental event.
It is an excellent example of mechanical reap commercial rewards good after a fundamental event that results in currency movements.
It is noteworthy that the negotiating strategy ads with a horse strategy is only available with certain brokers. Straddling the strategy is to put a stop access to long-and short before an announcement as a “cancels another.” This attempt to ensure that explodes if the price up and then you get into a long trade, or if they fall down, you received a short trade, and thus a nice profit literally a few minutes.
The worst scenario is that you are taking and arrested the two trades, and therefore have 2 businesses lose one after another. Many brokers exchange have rejected such a trade now, although much remains permit.
Thus, negotiation strategies that trade ads do not use this strategy, but use different strategies that are equally effective.