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Forex Calendar

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http://www.currencynewstrading.com

Currency News Trading is dedicated to Forex News Trading and fundamental analysis in general. The goal of CNT is to provide free resources to help you achieve success in trading the currency market.

Published in: Economy & Finance
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Forex Calendar

  1. 1. As a good currency exchange trader, a Forex calendar should bean essential part of your daily trading routine. Even as a technicalanalysis trader, as most Forex traders are, you should not ignorethe economic news. In fact, looking for the upcoming schedulednews on a Forex calendar should always be the very first thingyou do before deciding on entering a trade. Being aware of thetiming of high impact news before it happens enables you tominimize your risk.During these volatile market conditions, you may decide to stayon the sideline or take advantage of them using fundamentalanalysis trading strategies. Trading Forex from the perspective offundamental analysis is not a popular choice, but if you combineit with your technical analysis, you could have a huge advantagein the Forex market.Fundamental analysis mainly considers the economic andpolitical changes in the Forex market. It can also give you a betterunderstanding about important economic reports and indicators.Unemployment rates, interest rates, PMIs, and gross domesticproducts are only a few of the most important economicindicators in the Forex market. Once you understand how thesereports can affect a particular currency, you can create a tradingstrategy to take advantage of the volatility in the market.Know When The Forex Market Will Move By Using An Economic Forex CalendarKnow When The Forex Market Will Move By Using An Economic Forex Calendar
  2. 2. One of the most popular ways to trade the news is to trade the initial spike that follows a high impact news report;especially if the actual release number differs greatly from the forecast number.For example, if we are expecting the US Non-Farm payroll news to be released at a forecast of 300K. If the actualrelease number comes out better than expected at 370K and above, we would jump in on a trade to buy the US dollaragainst other currency pairs.Know When The Forex Market Will Move By Using An Economic Forex CalendarKnow When The Forex Market Will Move By Using An Economic Forex Calendar
  3. 3. However, if the actual release number comes out worse than expected at 230K and below, we would enter into a tradeto sell the US dollar. In this example, you will notice that we are looking for a 70K of deviation. According to historicaldata from previous NFP releases, this is the minimum difference required for the market to move 50 pips or more for atleast 75 percent of the time.There are many well-known Forex websites and blogs that provide free economic calendars that are updated with thelatest economic news and figures as soon they are announced.Know When The Forex Market Will Move By Using An Economic Forex CalendarKnow When The Forex Market Will Move By Using An Economic Forex Calendar
  4. 4. One excellent source for Forex fundamental analysis isCurrencyNewsTrading.com that offers a great Forexcalendar that displays the scheduled news events in aweekly basis. Most online Forex calendars color-code eachnews event by its potential impact, but the CNT’s Forexcalendar displays only the high impact news thathistorically are the most tradable. It also shows thetradable deviation for each event, along with the potentialpips movement range, related market headlines, and thedifferent currency charts displaying the market movementas a result of each particular news report.By following a Forex calendar, you will know in advance thetime of news reports that are likely to influence aparticular currency, and it should be an essential tool inyour daily trading so you can manage your risk.You can also take advantage of the market volatilityimmediately after these news reports by usingfundamental analysis strategies. To get started, visitCurrencyNewsTrading.com to learn about news tradingand to get the latest tools to help you make improveddecisions in your Forex trading and hence make you moreprofitable.Know When The Forex Market Will Move By Using An Economic Forex CalendarKnow When The Forex Market Will Move By Using An Economic Forex Calendar

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