How to Read Economic Calendar

In trading forex, there are many forex trading tools and equipment that traders can use to help traders make trades. The existing tools and equipment can make it easier for traders and make traders understand how to do the forex trading market. One useful and frequently used tool is the forex calendar.

The forex calendar service is provided by the forex factory site in tabular form. Forex factory is a site that provides a forex calendar service in tabular form containing various economic news abroad that discusses currency price movements.

The news can have a big impact, and depends on the type and results of the news published in the table. That way, traders can help make decisions in transaction activities to get profit. Traders who will trade forex are legally obliged to use a forex calendar or an economic calendar as a consideration.

How to read the forex calendar is actually very easy, traders only need to know the components in the calendar to read it. The following is a guide to reading it by knowing each of the functions in it, namely?

Time

Time is the time column for the release of economic data, which is adjusted to the broker server time that provides metatrader. The time column displays several country flags representing the currencies affected by the release of economic data.

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