Check out LiteFinance’s Economic Calendar

Economic calendar forecasts on Forex and world news, delieverd daily and weekly.

Forex economic calendar of events, news and accurate world economic indicators from LiteFinance (LiteForex).

Economic Calendar is an essential tool of a Forex trader that is updated in real time.

It carries information on the most important macroeconomic indicators and events that affect the behavior of a particular trading instrument.

The economic reports calendar is especially necessary for those traders whose trading strategy is based on fundamental analysis.

With the help of the economic calendar, LiteFinance (LiteForex) clients will always be up to date with the latest news and make their trading on the Forex market more balanced and successful.

The modern trader is not just a fighter in the market, first of all he is a serious analyst with different interests. Nothing is more important than an information analyst. Professional traders are interested in almost everything about the world economy: from the prices of retail goods and presidential elections to wars and natural disasters. You need to watch, listen, read and be aware of everything that can affect financial markets on time.

See the Economic Calendar of LiteFinance

What is an Economic Calendar?

The financial calendar of the foreign exchange market allows you to collect all the important global financial news published at almost all publication times.

This economic calendar not only retains the true history, but also arranges them in order of market importance and influence-you can analyze everything you need and successfully conduct foreign exchange transactions.

The history of economic data and analyst forecasts are also stored here.

The online calendar is usually released before the opening of the trading week, and the planned output of the main routine data will be several months in advance, and it will be continuously adjusted according to the current situation.

Use the economic calendar to trade in the following way. Every published economic event has at least three meanings: the event, public opinion (forecast) and previous meanings.

Deviations from real events, firstly-start from analysis and forecast, and secondly, start from the estimated past data that can be adjusted according to the previous release.

If the factual prediction from the publication is reasonable, that is, consistent with the calculated (predicted) value, the market reaction is often slight or non-existent.

If the actual data is different from the forecast, the market will give a strong reaction. The greater the difference, the stronger the reaction.

Global news: international events, statements and press conferences of key figures in the financial markets, and statistics from major countries can provide an effective response to almost all trading tools.

When the news is better than expected (for a country’s currency output), it is usually recommended that you open a buy order, and if it is worse than expected-sell a buy order. If the values ​​match (rare, but it will happen!)-stay calm and make a neutral trade.

If the trader knows the news in advance, he can plan his activities, especially at the moment of entering the market or opening a position.

In practice, the principle of “buy rumors, sell news” means that the market begins to respond to the information in advance, and may go in the opposite direction at the time of publication, forming a speculative market “impediment”. Everything that happens within a few minutes is very dangerous for small deposits.

When the news is about to be released, the economic calendar will remind you in advance, which allows you to close an already opened position, or open a closed position. If a trader is prepared to take greater risks, he can try to get profits from a quick operation.

Every financial resource provides an economic calendar, which can have different designs and sometimes functional content, but there are also some performances that accurately reflect the characteristics of a high-quality calendar:

The economic calendar will be able to help you on the road to profit.

First of all, the foreign exchange economic calendar must be complete, relevant and constantly updated, that is to say, news sources can be directly obtained.

Its interface must be understandable, visual and functional, free of advertising scams and other annoying elements.

The software implementation of the calendar must support a logical system of various filters and be able to save the settings in the personal data of each user.

Finally, to summarize the above: always try to understand what news is useful for your general and specialized trading tools in the market, analyze historical data when the news is released, consider the psychology of the crowd’s market behavior, and then the economic calendar will make your profits help you on the road.