Keep track of all Economic that affect the forex markets
Economic calendar is another forex tool, provided by Yadix to help traders get a better understanding when the market will move and why. Among the biggest market-moving events tend to be the release of key economic data such as the GDP, US non-farm payroll number as well as the speeches of the chairman of the ECB or Federal Reserve. Despite a big volatility occurred during such an events they do present excellent trading opportunities.
How to use the calendar? It is important for the trader to compare current period figures (Actual) with those related to the preceding period(Previous) and expectations (Consensus). Comparing these three values gives information to the traders whether new data disappoints or exceeds expectations and therefor to define next move in the market.
By using Yadix’s economic calendar, experienced forex traders may be aware of a possible market changes and act faster than some other market players. The beginners also can gain from this valuable tool – they can track the events and observe the actual impact on the market. Once they gain more knowledge of the Forex trading basics, new traders will be prepared to go to the next level and understand better the most important economic data released each trading day.
To benefit from this valuable forex tool please visit http://www.yadix.com/forex-trading-community/forex-trading-tools/
Yadix a leading ECN/STP financial markets broker and provides direct to market order execution to 14 + liquidity providers with precision and lightening speeds, as such, Yadix welcomes all traders and strategies including expert advisors, Day Traders, Scalping and HFT strategies.
No comments:
Post a Comment