Since forex trading is the simultaneous buying of one currency and selling another, you can use the Economic Calendar to compare the economies behind each currency. Events on the calendar are graded low, medium and high, depending on their likely degree of market impact. In the forex market, 80% of time technical wins, only 20% of time fundamental wins. Whereas in Stock or Share Market, 80% of time fundamental wins, only 20% of time technical wins especially in larger time frames. How to read the Economic Calendar for Forex? 1) Check the time zone of the calendar whether it is displaying in your local time (GMT). Our forex economic calendar allows you to view important economic events by time period, currency, market impact. Definitions are available for each event. A forex economic calendar is useful for traders to learn about upcoming news events that can shape their fundamental analysis. This piece will explore the DailyFX economic calendar in depth ... It’s the most complete, accurate and timely economic calendar of the Forex market. We have a dedicated team of economists and journalists who update all the data 24h a day, 5 days a week.
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