What is an economic calendar, and how is it used in trading?
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An economic calendar lists key economic events and data releases that affect financial markets. Traders use it to anticipate volatility, adjust strategies, and manage risk based on potential market reactions to economic indicators. It is an essential tool for making informed trading decisions in forex.
A tool that keeps track of forthcoming economic data, events, and indicators that may have an effect on financial markets, particularly forex trading, is called an economic calendar. It is used by traders to monitor planned releases that can affect currency values and produce volatility, such as GDP data, employment reports, and interest rate announcements. Traders can anticipate possible market changes and modify their trading methods accordingly by keeping an eye on the economic calendar, which keeps them informed about events that could impact their positions.