View the economic calendar investing effectively

A key factor in trading that will help you succeed in the market in the long run is the economic calendar. Today, Learn Forex Trading will help readers learn about what type of economic calendar investing is. Just spend a few minutes reading the following article, you will surely know how to use the Investing calendar and turn it into one of the most effective tools for yourself.

What is the Investing economic calendar?

First, we will learn about the concept of Economic Calendar Investing,  what is it? This is an information board that is continuously updated in real-time about important upcoming financial and political events. The economic calendar will be updated daily, weekly, or monthly on the official website of Investing.com. Based on that, traders can track important events and economic indicators affecting the market. 

Currently, there are about 40 countries updated in the calendar list. Some prominent countries such as the USA, Japan, the UK, Germany, Canada… In the Forex economic calendar, it will include all events such as: speeches, and economic reports… Each event will be divided and evaluated based on the level of impact on the Forex market. The larger the event, the more likely it is to cause market fluctuations, causing prices to increase/decrease sharply. 

See more: For traders to succeed with economic calendar

What is the role of the Forex economic calendar for traders?

The investing calendar plays an extremely important role for investors. They need to combine technical analysis tools with news to identify trends more accurately. Here are some of the roles of the forex economic calendar when trading in the foreign exchange market:

Investing calendar predicts price trends

First, Economic Calendar Investing helps traders predict price trends that may increase or decrease more effectively. Because indicators or analytical tools are not enough in cases of unexpected market fluctuations. Through this, traders can take advantage of the economic calendar to trade and profit from volatility. On the contrary, investors also avoided trading at that time to reduce risks. 

Create attractive Forex trading opportunities

Second, the Forex calendar also helps traders open up extremely attractive trading opportunities. When hot events appear, they will take advantage of the volatility to open trading orders. If they have a good trading strategy, the profits earned will be a huge source of funding. For example, the recent release of NFP caused large movements in the Forex market. The number of unemployed people is high and policymakers have monetary policies to increase output and employment… causing the US Dollar to plummet. With a detailed plan and knowing how to seize opportunities, traders can profit from this price decline.

What can you find in Investing’s economic calendar?

When accessing the Investing calendar, all available information will be arranged in multiple columns. Including country column, index name, importance, current time value… Some of the most important information you can find is: 

• Time: The Forex economic calendar can show traders past and future release events. If you are interested in finding past trends, you can choose a period to compare.
• Currency pairs affected: Upcoming news will have some impact on the base currencies. From there, related currency pairs will be similarly affected. So, through the economic calendar, you can know which currency pairs are being affected.
• Past prices, forecast prices, and actual prices: When comparing 3 prices at 3 different times, traders can know whether the price trend is increasing or decreasing. From there, investors can make a more accurate buying or selling strategy.

Note: Each country will have a different level of influence on the global market. For example, the US accounts for a large proportion of currency transactions, so events from the US will have the greatest impact. Can even affect currency pairs that do not include the US Dollar.

How to process data in the Investing economic calendar?

So how can we process data in the Forex economic calendar? You can apply the following 3 treatment methods:

• Compare past, present, and estimated data: Putting these 3 data together, investors will recognize whether the price trend is following expectations or vice versa. The results could be key in determining their next move in the market.
• Evaluate the price changes of a currency pair: By using Economic Calendar Investing, traders can also notice price changes earlier. From there, take quick action and seize opportunities before other traders.
• Determining whether a report is volatile: When traders learn of a release, they determine whether and how volatile it is. This allows traders to predict the possible trend of the currency pair. Then, investors can make a profit if they grasp the information source first. 

See more: Instructions for registering an Exness account

How to use the Investing economic calendar in Forex effectively

To be able to take optimal advantage of Investing economic calendar features when trading Forex. Traders need to pay attention to the following important things:

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  Choose a reputable economic calendar: The Forex economic calendar is a place that gathers information about events and news that affect market fluctuations. Therefore, using a reputable calendar site is one of the extremely important things. Although the components in the calendar are the same, the way it is organized is different. Therefore, you should follow reputable economic calendar websites. For example: Investing calendar, economic calendar forex factory … 
• Identify events with high impact: Each event is divided into different impact levels (red level is the most important). Traders need to pay attention to this point to be able to analyze and plan appropriate campaigns.
• Monitor and update the economic calendar regularly: The flow of events never stops. Therefore, traders need to check and update calendar information regularly. Because that will help traders grasp the market trend. From there, make accurate comments, analyses, and strategies.
• Filter information: Traders can filter relevant data using the Filter filter. Then arrange them in order of importance to establish a plan.

summary

Above are the shares about Economic Calendar Investing that a trader needs to know. Hopefully, through the Learn Forex Trading article, readers will have a clearer view of this useful trading tool. In addition, to increase your position in the market and seize the right opportunity, don’t forget to update your trading experiences on our website.

FAQs:

When is the Investing economic calendar updated?

The Investing calendar is updated regularly and does not have a specific time fixed. They can be published daily, weekly, or monthly.

Where can I follow the Forex Investing economic calendar?

Traders can follow the calendar on Investing’s official website or application.

What details should investors pay attention to in the Forex economic calendar?

There are 3 important factors that traders need to pay attention to when watching the economic calendar. These are time, currency pairs affected, and past, present, and expected prices.