If you have any questions or suggestions you are welcome to join our forum discussion about Why Using an Economic Calendar is Important? One tool, key to a success when trading Forex is the economic calendar.

Economic Calendar Binary Options Strategy

As a whole, the biggest market-moving events tend to be the release of key economic data such as the GDP , US non-farm payroll number. While not all of the reactions of the market to these announcements can be predicted they do present excellent trading opportunities.

How to Read the Economic Calendar | idonayojujid.web.fc2.com - Trading School, Brokers and Offers

Experienced traders examine future economic events on a daily basis in an attempt to predict the movement of a particular currency pair. They usually stay way ahead of the announcements of crucial events and get into action in a respective way, so that by the time a certain announcement is made, they will have already estimated the value of the currency pair they are interested in.

A simple, but effective way for traders to keep track of information from events, news or statements is to have an economic calendar at their disposal. By using such a vital trading tool, traders are able to follow key economic and non-economic indicators, which may provide clues of the direction of the market and also be aware of all the events, expected to influence the movement of a particular currency.

There are several ways to keep an economic calendar.

The most common is to have an online calendar platform available, which updates data in an automatic way and immediately present all the information to users. When looking at such a calendar a beginner trader will most likely notice that all the available information is arranged in several columns by country, name of the indicator and influence or importance of it, as well as current period value, forecast value and value regarding a previous period.

We should note that different countries have various influence on global markets.

For example, because during the past decade, almost two thirds of the total Allocated foreign exchange reserves of countries worldwide have been denominated in US dollars, this currency is known to have a reserve-currency status.

As the United States accounts for a huge proportion of global currency trades, major economic events and statements coming from the U. There are two types of indicators considering the time aspect they reflect that every trader needs to be aware of: An example of a leading indicator is Retail Sales while lagging indicators include the Unemployment Rate.

Furthermore, indicators are usually classified in three groups by the impact on the economy, and respectively, volatility they may cause. Each economic calendar platform has chosen its own way to grade the economic indicators. Among other closely watched indicators are Initial Jobless Claims, Unemployment rate, Consumer Confidence Index , Home sales , Durable Goods Orders and more.

We shall discuss them all in the next chapter of our guide. Less significant, but yet still influential data is provided by indicators such as Housing starts, the Beige Book report, Business Inventories, Factory Orders, Average Hourly Earnings, Federal Budget Balance, etc. Another two keenly anticipated indicators for Forex market analysis are the Producer Price Index PPI and Consumer Price Index CPI , which reflect the average price levels for producers and consumers of goods and services.

These are considered as the most preferable measures of inflation rate in a country. By putting these three figures together, traders become aware whether new data disappoints or exceeds expectations, which will determine their next move in the market.

Economic announcements and political news can also introduce a change in the direction of a particular currency pair, sometimes even within a matter of seconds.

By using the economic calendar, a trader may be aware of a possible change faster and act more rapidly than other participants in the market. Traders are able to profit when they have information in advance, because this enables them to project the possible direction of a currency pair they are interested in.

Once you gain more knowledge of the Forex trading basics, you will be prepared to go to the next level and understand in detail each one of the most important economic data released each trading day.

The guide will take you through each closely watched economic indicator by analysts, explaining how it is related to the whole picture. Founded in , Binary Tribune aims at providing its readers accurate and actual financial news coverage.

Our website is focused on major segments in financial markets — stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators.

Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.

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Economic Calendar | Binary Options Trading | BinaryTilt

What is a Chart? Why Using an Economic Calendar is Important? This lesson will cover the following What to look for in an economic calendar? Types of indicators How to deal with data? Major Players in Forex Forex Brokers and Where They Fit Market Players and Classification. Using an Economic Calendar What is a Chart? Types of Charts Types of Orders — Forex Market. Table Of Contents Introduction to Forex Trading Introduction to Trading and Speculative Markets Supply and Demand in Trading Types of Financial Markets What Does Forex Stand for?

Economic Calendar for Binary Options Trading – Options Signals

Forex Trading Terms Advantages of Forex Over Stocks Major Players in Forex and Styles of Trading Forex Brokers and Where They Fit in the Market Types of Market Players and Classification Why Using an Economic Calendar is Important? Types of Charts Types of Orders in the Forex Market Trading Derivative Instruments I Trading Derivative Instruments II What is leverage?

What is a Margin? Advantages of Using a Demo Account What to Look for in a Trading Platform? Trading Sessions Asian Trading Session European Trading Session North American Trading Session Which Trading Session to Choose? Fundamental Analysis Fundamental Analysis - the Basics Monetary Policy and How it Impacts the Value of Currencies Inflation and Interest Rates Reserve Requirements of Banks Open Market Operations Monetary Aggregates Gross Domestic Product GDP Labor Market and Its Significance Retail Sales and Personal Consumption Expenditures Housing Market Consumer Price Index and Producer Price Index Current Account, Balance of Trade Purchasing Managers' Index PMI Economic Sentiment Factory Orders, Industrial Production Monetary Policy Announcements and Verbal Interventions Political Events, Natural Disasters, War Money Management Money Management and Risk Money Management Risk Concepts How to Reduce Risk in Trading via Protective Stops Trailing Stops in Forex Other Kinds of Stops - Signal, Time, Targets, Execution Scaling in and Out of Trades How to Choose the Right Leverage?

Correlations Within the Forex Market Why are Trading Journals Important Trading Psychology The Importance of Psychology in Trading Becoming an Accomplished Trader Market Sentiment - the Basics Crowd Behavior and Going Against the Public Recency Bias and Its Influence in Trading Technical Analysis Introduction to Technical Analysis The Trend - a Trader's Best Friend Support and Resistance, Part I Support and Resistance, Part II Pivot Points Breakouts Throwbacks and Pullbacks Channels Retracements Introduction to Moving Averages Simple Moving Average Exponentially Smoothed Moving Average Moving Average Crossover Moving Average Convergence Divergence Average Directional Movement Index Parabolic SAR Rate of Change Stochastic Oscillator Relative Strength Index Commodity Channel Index Market Facilitation Index Bollinger Bands Standard Deviation Indicator Average True Range Patterns Including One Candlestick.

Doji Candlesticks Patterns Including Two Candlesticks Patterns Including Three Candlesticks Double Top and Double Bottom formations Head and Shoulders Pattern Symmetrical, Ascending and Descending Triangles Wedges Price Pattern Rectangles Price Pattern Flags and Pennants Price Pattern. Stock News Currency News Commodities News Trading Strategy.

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