In the fast-moving world of currency markets where huge moves can seemingly come from nowhere, it is extremely important for new traders to learn about the various economic indicators and forex news events and releases that shape the markets. The key to successful trading is to be prepared and the Forex Economic Calendar will help you to have a better overview of what is happening in the market and to make the best trade decisions. Because the most important news can cause heavy price fluctuations and volatility.

You cannot consistently make successful trades without knowing the current state of the market, using an economic calendar is an easy quick way to stay on top of fast shifting markets. Even small events can cause brief ripples in the market and give a patient, observant investor time to slip in and make a tidy profit. This, in conjunction with sharing trade strategies or advice across the web, could give a relatively new trader that extra edge.

An economic calendar is a schedule of data releases and news events which relate to the financial markets and the economy of the world in general, including information about interest rate decisions, GDP data, and Non-Farm Payroll numbers. Economic data is released frequently, sometimes on a daily basis and on several occasions through the week, and all of these events can be found listed on an Economic Calendar which will also outline the scheduled time at which the release will be made.

Forex as Speculation