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An economic calendar is a tool that traders can use to keep track of forthcoming news events.
The Economic Calendar on BeoForex shows financial market events and news from across the world. When fresh data is released, the events are automatically updated.
It’s crucial to keep an eye on forthcoming calendar events every day, no matter what time frame you trade on, because they’re likely to have an impact on the financial markets, including FX, stocks, bonds, and commodities.
Because forex trading involves buying one currency and selling another at the same time, you can use the Economic Calendar to compare the economies of the two currencies.
The importance of events in the calendar is classified as low, medium, or high, depending on the likelihood of market impact.
Even if you don’t trade the news, you should check the Economic Calendar every day before you begin trading and again at the end of the day to ensure you’re informed of any high-impact or important events scheduled for the following day.
Market circumstances may become turbulent as a result of high-impact events. Especially when it comes to the Forex market.
Be aware of forthcoming economic data releases or events that could produce unexpected volatility and negatively impact your trading, including any open positions.
Because of the increased market volatility, traders should be aware that trading around major news events might result in severe slippage.
Make sure you’re managing your risk and staying away from overleveraging and overexposure. Don’t make the same trading blunders as unsuccessful traders.
BeoForex strives to provide the most accurate information possible, however due to the large amount of data and diverse sources, we cannot be held liable for any inaccuracies that may occur.
The Economic Calendar is also subject to alter at any time without prior notification.