Announcement

Collapse
No announcement yet.

Should I make better use of economic calendars?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Should I make better use of economic calendars?

    Pretty much every broker has an economic calendar, including my broker Jones Mutual, but I never even look at them. Should I be making better use of the information?

  • #2
    The forex market influenced by economic news. So you have to see this information everyday.

    Comment


    • #3
      Originally posted by GraceCFD11 View Post
      Pretty much every broker has an economic calendar, including my broker Jones Mutual, but I never even look at them. Should I be making better use of the information?
      Never heard of that broker.

      Comment


      • #4
        I know that many traders create a trading strategy based on the economic calendar. The most profitable variant of trading with this tool is opening a deal at the moment of news release, when the emerging trend is already clearly visible on the chart. Then you need to enter in the same direction as the market and set the desired value on the binary option - up or down. It is also necessary to set the expiry time. If the option turns out to be in the money, the exchange client will receive a payment of up to 85% of the invested amount. Provided that the direction of the market will be guessed wrong, the person will lose only the fixed amount initially invested in the option.
        If we talk about how much the trader's economic calendar allows earning in specific amounts, then everything depends on:
        -Start capital.
        -Selected strategy.
        -Appropriate financial instrument. The economic calendar allows you to view your preferences in this regard.
        Having analyzed the convenient form of organizing economic events, we come to the conclusion that all necessary parameters can be found in it. Convenient data filtering allows a trader not to read a lot of unnecessary personal information. Knowing the exact time of data release, you'll be able to fully apply your skills in trading on news, which can be very profitable, if you correctly assess the situation.

        Comment


        • #5
          Oh, this is really the most important tool, which is necessary not only for fans of fundamental analysis, but also in general for all traders who are actively involved in the market. Why? Because it is with its help that you will be able to explain the sharp changes in the price, and accordingly prepare yourself in advance. In turn, this will lead to the fact that you will be able to use it for your own purposes or, conversely, you will be able to suspend your work during this period in order not to suffer any losses or to avoid stressful situations. But in general, I will advise you to deal with it, because this may be the reason for additional profit. And this is very interesting.

          Comment

          Working...
          X