Plan trading with World Economic Calendar

Calling all newbie traders!  Have you used a World Economic Calendar yet?  One would hope so, because this is one the most useful ways to keep up to date with what is happening in the world – and specifically how it will affect the markets.

The world economic calendar is pretty easy to use (after having deciphered some of the abbreviations in the “unit” calendar) and lists planned political and economic events.  For example, how will the unemployment figure announcement in Australia affect the Australian Dollar and the rest?  It will show what is forecast, and after the event will show the “actual” effect in percentage.

The calendar is a really good way to get an overall picture of what is happening around the world and helps the forex trader to plan his or her next move.

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