Forex factory calender 4

How To Use The Free Forex Factory News Calendar In Trading.

Forex Factory is an online trading website that features a Forex economic news calendar that lists all of the news events and upcoming news releases for the weeks ahead. For many Forex traders, it is the first place they look before starting their trading day.

The Forex Factory calendar, as they put it themselves is ” highly advanced, famously reliable forex calendar packed with features and information that helps forex traders make better decisions.”

If your Forex trading method has you taking part in news trading, there is no question that an up to the minute FX calendar is a required tool. Fortunately, while there are daily Forex calendars that you can pay a premium price for, the Forex Factory news calendar is completely free for any trader.

In this graphic, you can see how cleanly the new events and releases are laid out.

FOREX FACTORY NEWS CALENDAR.

You can see that the calendar at Forex Factory is probably one of the best Forex calendars you will find for free on the internet. In order to take full advantage of the benefits of Forex news, you should know how the economic calendar is laid out.

Let’s start on the left side of the image and cover what each column represents.

The date column ensures you are looking at the proper economic events for your trading day. Because you can look weeks into the future, ensure this date is the date you are trading. You need to know when the economic release is happening and this calendar shows that time and can be customized to fit your own time zone. Not every release matters to every currency pair. Here you will see which currency will be affected by the release. The impact section is vital. Red rated reports on the Forex Factory calendar represent news events that can shake the FX market. Orange is medium impact and yellow indicates low impact news reports. You should know the name of the report and eventually you will know that news releases such as Non-Farm Payroll and unemployment rate can rock the market and you won’t need the impact section of the economic calendar. Learn what each report means through the detail section. You can also view past economic releases for you news trading junkies. Actual means the actual number, such as unemployment rate, that has occurred. Forecast is what was being expected. A large difference between expectations and actual numbers can influence the impact of the release on the the Forex/Stock market. Previous is where you can compare the current news event with the last one. This can indicate whether things are getting worse or are improving. Graph simply plots out previous releases so you can visually see the decline or incline.

How You Can Use The Forex Factory Calendar.

If you are a swing trader, daily news events may be not much of a concern but for a day trader, you need to know exactly what news events are coming so you can take action.

Perhaps you stand aside until the impact of the release passes You may look to tighten up a stop on a current Forex trade If you news trade, you may take a position as soon as the news comes out. For this though, you may want a live news event feed.

Are all releases important? No. For the most part, traders focus on the red rated reports because the impact on the markets can be intense at times.

How Important Are News Releases In General?

News events are very important especially ones that directly measure the state of the economy and interest rates. If you think of the Forex market where you are trading currency pairs, a countries economic health is vital to the currency .

Let’s say for a moment you are trading USDCAD. You would want to know the release numbers for both of the currencies. If you are a bull for the USD and are holding a long position, any number such as NFP is important. This shows how many jobs were created or lost the previous months.

If jobs are created and surpass the forecast number, expect to see the USD gain strength.

On the flip side of that, weak numbers less than forecast or even negative numbers can weaken the USD. That said, still be in tune with the overall trend of the FX pair. It takes a lot to change a long term trend and unless the calendar news release points to continued weakness, a trend change may occur.

Conclusion.

Keep it simple when trying to decipher the meaning of the news events. Just being aware of the impact level on the Forex Factory trading calendar can help you decide on a trading strategy and take appropriate steps to manage your trading risk. Being on the wrong side of a high impact news release can be devastating.

Forex factory calender 3

Forex Factory ❤️ what is it and how it works?

The Forex Factory site calendar is by far the most user-friendly and suitable calendar in Forex for following and trading Forex news . By following this tutorial, you will learn how to use this calendar and read it correctly for use in transactions. But before we get into the details, let’s correct a misconception. That misconception is that most technical traders think that because they use technical analysis they don’t need to follow the news.

Although it is not necessary to read the news, it is very useful to know when the news is expected. This is especially important in the case of “very important news” that can affect the direction of the market. This news does not only affect open positions, but it may cause price slippage and chat and affect conditional orders as well. In the following article, we teach how to use the forex news calendar to make more informed trading decisions.

First step: start using Forex Factory site calendar.

The first thing you should do is to open the Forex Factory website with the address ” www.forexfactory.com “. After entering this site, you will see the following image:

Don’t worry about the page being crowded. At the end of this tutorial, you will understand the meaning of each of the data you see. In the next step, we will adjust the calendar and the information on this page will be more concise.

Step 2: Set the time zone.

Now you are on the Forex Factory calendar page, you may want to set your desired time zone. To do this, simply click on the time tab in the upper right corner of the page.

After clicking on the time, you will be transferred to a new page. This page can coordinate the time of any news with the time of your living area.

Note : Setting the correct time zone is very important. Otherwise, it will be difficult to determine the correct time of each news according to the time of your country.

In the picture below, we have chosen Tehran. You can also choose a 24-hour or morning/afternoon format for the clock.

After setting the clock, click on Save Settings option. After that, the settings will be saved and you won’t need to reset them until you clear your browser cache. After saving the settings, you will see the correct time in the upper corner of the screen according to the time of the country you have selected. If not, repeat step 2 and make sure you select the correct settings.

The third step: filtering the news.

By now, you should see the Forex Factory calendar with the news that matches your country’s time. Then you have to filter the news and currency pairs you want. If you want only certain news to be displayed for you or to see only news related to certain currency pairs, you should use the news filter option. To set a filter, click on the Filter icon on the top right side of the screen.

After clicking on “Filter”, you will be taken to a page like the one below. This page allows you to filter the news based on the expected impact and the currency pair you are interested in.

By moving the mouse pointer over each of the colors, you will see their effect. Red means high impact, orange means medium impact and yellow means low impact. It is generally more useful to focus on high or medium impact news in Forex Factory. Because this issue gives you a general view of the events of the next few days without the need to fill the calendar with low-impact news. After choosing the settings you want, click on the “Apply Filter” option to display exactly the news and currency pairs you want. You can change these settings whenever you want.

Fourth step: Select the desired.

In the fourth step, you have to choose the time frame you want. This interval will be displayed on your calendar as a range as shown below. With the mouse pointer, you click on any interval or tab, and the news related to that day will be displayed.

From this window, you can consider a day, week or even month as your time frame. Tip: It is usually better to choose the whole week when trading higher time frames. This will help you keep in mind the news of the next few days.

Step 5: Deeper understanding.

In addition to viewing the external content such as the name of the news in Forex Factory, the expected effects and the planned time, you can click on the news to see more details. Be careful when using this feature. Because it is easy to get caught up in the details of the news. In particular, price action traders should focus more on the chart and worry less about the details of the news. The figure below shows how to get the details of each news.

When you click on the icon shown in the picture above, you will immediately see more details of the relevant news.

In the opened window, you can see more details such as sources, history, previous effects of the news, frequency of news releases during the year and related Forex Factory news. To close this window, just click on the “x” shown in the image above. We emphasize that you either do not use these extra details or use them very little. The most important advantage of using a news calendar for technical traders is to be aware of important news and their effects. Anything beyond this can cause the trader to lose focus instead of helping.

Now that you are familiar with the settings of the Forex Factory site, let us describe in the next part of the tutorial how to use these learnings in Forex trading with price action.

Selection of important topics on Forex Factory site.

Knowing how to set up the Forex Factory site is one thing and being able to use it properly is another. The first thing to consider is that you should only pay attention to news that moves the market. This means to filter only medium and high impact news. By doing this, you will no longer need to sift through weak news to find the one that will swing the market. If you trade in the forex market, you should always consider the following “important news”:

Federal Open Market Committee (FOMC) Non-Farm Employment (NFP) Unemployment rates gross domestic product (GDP) Monetary policy news Any other news or announcement from the central bank.

Next, we will explain how to manage your trades with the news in mind.

Trade near the important news of Forex Factory.

For this reason, we use the Forex Factory site to know the time of news releases that may cause high volatility in the market so that we do not trade at that time or prepare for high volatility. For this reason, we introduce some general rules that you should consider when publishing news. All the following scenarios are based on the assumption that the relevant news will affect your desired trading position. For example, trading the dollar-yen currency pair (USDJPY) when the news about non-agricultural employment is released is one of these types of transactions.

1- Failure to keep the trading position open when the news is released.

Having no trades when breaking news is the safest possible state. In this case, there is no risk for you and you can analyze the effect of the news on the price movement in real mode. But what if the effect of the news before its publication affects your trading position? How long should your trading position be set before the news release so that it is not affected by the news? The answer to this question is difficult and depends on the following factors:

Trader: Every trader has his own risk. The level of risk aversion of people is also different. Time frame: On average, a trade in a 4-hour time frame requires less time to determine the task before the news is published than a trade in a daily chart. Because trading on the 4-hour time frame has a higher chance of making a profit before the news is released. Distance to take profit: In addition to the time frame, the distance between the entry point and the target is also decisive. A trade with a target of 50 pips needs less time to reach the target than a trade with a target of 300 pips.

As a general rule, it is better not to enter into a trade until 24 hours before an important news. Important news means one of the “important news” mentioned above. Of course, compliance with this rule depends on the trader and the time frame.

2- open trade – small profit.

This scenario includes an open trade that is in profit, but if an important news is published on the Forex Factory site and changes the direction of the market, that position will also be affected. We are all in such a situation. Should we close the deal with low profit in this situation? What if the market moves in the direction of your trade after closing the position? If you close the trade now, you will lose a potential profit. Generally, traders fear loss of profit more than loss of capital. This is not entirely wrong. Your main task as a trader is to preserve capital first and then earn profit. In such cases, it is better to be satisfied with the same small profit and close the transaction in profit. If the market moves in the direction we want, we can enter the trade again.

Always remember. When in doubt, get out.

3- open trade – big profit.

The last scenario is to have an open trade with a large profit. In this case, if there is important news coming, you will have more choices than in the second case. Because in this case, even if the market fluctuates, you may still remain in profit. In this case, the price distance from the selected target can affect your decision. Suppose the target of this position is 300 pips and now it is only 40 pips away from the target. In this case, it is more logical to close the position before publishing the news. Because we have preferred 260 pips of actual profit to 40 pips of potential profit.

Some traders cash part of their profit in this situation and keep the rest open, and some keep the entire position open. We do not recommend this option. But what is certain is that when your position is in a significant profit, you have more options in front of you when publishing news on the Forex Factory site.

Now it’s time to put everything you’ve learned together. So far, you have learned the settings of Forex Factory and how to manage news. Let’s finish this tutorial by discussing the role of price action in this story . In the rest of the article, we will explain about reading the news when trading with price action strategies. Have you ever thought about the formation of a pin bar candle or an inside bar candle ?

These two strategies have a common chapter; Both are news products. In fact, all forex trading strategies are news products in some way.

pin bar.

Some of the best pin bars (continuation or reversal patterns) are formed after the news. One of the best reversal patterns can be formed on NFP news. That’s because NFP news comes out at 8.30am (EST). The 4-hour candlestick on the chart adjusted to New York closes at 9:00 AM (EST). In this case, the market has 30 minutes to react to the news.

The timing of news like this often leads to a rapid increase or decrease in the price of dollar pairs; Therefore, a pinbar candle is formed for 4 hours. When an NFP pinbar forms at an important level, it is worth following.

Inside Bar.

Maybe the insidebar can be considered as a pin bar. While the pin bar shows fluctuating pressure in both directions, the inside bar shows stabilization after a big move. Therefore, while the pin bar is formed immediately after the news published on the Forex Factory website, the inside bar is usually formed one day after the news. For this reason, the inside bar pattern is considered as a breakout trading strategy of a trend.

Note : trading based on pin bar can be done in 4-hour or daily time frame; But it is better to trade based on the inside bar only on the daily chart.

It is important to note that the news that causes such movements are not always immediately obvious to everyone. The market may move sharply due to news that was not timed in advance, or news that has already had its effect and we are now realizing it. Apart from when and how the news is published, the two strategies Pin Bar and Inside Bar allow you to read the news from the chart.

final word.

In this tutorial, you learned how to work with Forex Factory site and how to trade with news. In the end, it is necessary to pay attention to several points.

Never look at the news as a signal to enter the market. Use the calendar to follow what’s happening in the market. A price action trader should be able to read a lot of news from the chart. In this way, pin bar and inside bar are suitable tools.

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Forex São Paulo 5

Trading Hours of the World’s Major Stock Exchanges.

Mitchell Grant is a self-taught investor with over 5 years of experience as a financial trader. He is a financial content strategist and creative content editor.

Updated August 02, 2022.

Reviewed by.

Reviewed by Julius Mansa.

Julius Mansa is a CFO consultant, finance and accounting professor, investor, and U.S. Department of State Fulbright research awardee in the field of financial technology. He educates business students on topics in accounting and corporate finance. Outside of academia, Julius is a CFO consultant and financial business partner for companies that need strategic and senior-level advisory services that help grow their companies and become more profitable.

Fact checked by.

Fact checked by Amanda Bellucco-Chatham.

Amanda Bellucco-Chatham is an editor, writer, and fact-checker with years of experience researching personal finance topics. Specialties include general financial planning, career development, lending, retirement, tax preparation, and credit.

A stock market exchange is, by definition, a marketplace where stocks can be bought and sold for certain hours throughout the day. It functions as an entity that ensures orderly trading and efficient dissemination of price quotes for the companies that list on the exchange.

Trading is generally conducted from Monday through Friday. The Saudi Stock Exchange is an exception to the rule, as it is open from Sunday to Thursday. A small number of exchanges close for a lunch break. This is most commonly seen in Asia’s marketplaces. The London Stock Exchange has a two-minute break at noon daily.

For an American investor, access to any of the international markets and exchanges requires an account with a brokerage, online or off.

Key Takeaways.

Most of the world’s stock exchanges are open during regular business hours, in local time. Trades entered with an online brokerage between exchange hours are executed at the open unless otherwise indicated. North American exchanges closely match New York time for the convenience of traders. All exchanges publish annual calendars listing their scheduled holidays and half days. American investors can buy and sell stocks listed on most foreign exchanges through a broker. An alternative for investors in foreign stocks is to trade American depositary receipts (ADRs), which trade on U.S. exchanges and in U.S. dollars.

Trading Hours on Holidays.

Holidays depend on the local calendar, so they are different for every location. The New York Stock Exchange (NYSE) closes on July 4 for U.S. Independence Day. The Singapore Stock Exchange closes in early February for the Chinese New Year.

Some exchanges close for a half day from time to time. For example, the NYSE is open only until 1 p.m. on Christmas Eve. The exchanges post their annual calendars well in advance.

Trading Hours on North American Exchanges.

Trading in North America is generally based on the Eastern time zone no matter where the exchange is located. The exception is the Mexican Stock Exchange (BMV), which posts its hours in Central time but adjusts its hours to match those of the NYSE.

The headquarters of the trading exchanges are in New York City, Toronto, and Mexico City. The westernmost time zone is Mexico City, with the BMV trading within business hours of Central Standard Time (CST). However, even though the BMV trades on CST, the hours mirror those of the NYSE, so, all things considered, trade is open during the same time frame.

Trading Hours in Asia and the Mideast.

There are 11 time zones across Asia and its immediate neighbors, but fortunately, they synchronize their exchange hours for the sake of trade and liquidity.

Some Asian markets, including the Shanghai Stock Exchange (SSE) and the Tokyo Stock Exchange (TSE/TYO), take a break for lunch.

The Shanghai Stock Exchange has 18 market holidays in a year, including a five-day hiatus for the Chinese New Year.

Trading Hours in the U.K. and Europe.

Europe, like Asia, has many individual exchanges. The largest stock exchange organization in Europe is Euronext, a pan-European exchange that operates in seven countries and has its headquarters in Amsterdam.

Trading Hours in South America.

The largest exchange in South America is in São Paulo, Brazil. The exchange trades two hours ahead of the NYSE, so much of the action follows that of the NYSE.

Stocks, commodities, and options all are traded on the São Paulo exchange.

Trading Hours in Africa.

The largest stock exchange in Africa is in Johannesburg, South Africa. Egypt, Mauritius, and Nigeria have smaller exchanges.

The Johannesburg Stock Exchange (JSE) has acquired the South Africa Futures Exchange and the Bond Exchange of South Africa, so all of those assets are traded on the JSE.

The Johannesburg exchange is open from 9 a.m. to 5 p.m. South African Standard Time (SAST), with no lunch break. The exchange, therefore, opens 6½ hours before the NYSE.

Trading Hours in Australia/Oceania.

The Sydney-based Australian Securities Exchange (ASX) is roughly the same size as the South African exchange. The ASX merged with the Sydney Futures Exchange in 2006. Bonds and derivatives also are traded on the ASX.

The market opens later than most, at 10 a.m. local time, and there is no lunch break.

The world’s first public stock market was established in Amsterdam in 1611. It initially offered only shares in the Dutch East Indies Co.

What is the difference between a stock exchange and the stock market?

A stock exchange is a marketplace or infrastructure that facilitates equity trading. The exchange is founded and managed by a corporation, private or public. It allows companies to list their stocks in its marketplace.

The term “stock market” refers more generally to all stocks, or to a group of stocks in a particular region, industry, or sector.

Which major stock exchanges are closed during lunch?

The major stock exchanges with an official lunch close are the Shanghai Stock Exchange (SSE), the Tokyo Stock Exchange (TSE/TYO), the Shenzhen Stock Exchange (SZSE), and the Stock Exchange of Hong Kong (SEHK).

The London Stock Exchange (LSE) has a two-minute break at noon. Its traders don’t eat that fast. The mini-break is designed to protect institutional traders from high-frequency traders, whose split-second transactions can skew prices.

What times are the New York Stock Exchange (NYSE) and the Nasdaq open?

The New York Stock Exchange (NYSE) and the Nasdaq are usually open at the same hours, from 9:30 a.m. to 4 p.m. Eastern time.

Both publish annual calendars of their holidays and half days. In 2022, the NYSE has 10 full holidays and four early-closing days. The Nasdaq has the same holidays but seems to have fewer half days.

Forex factory calender 2

Top 11 Forex Calendars in 2022.

This guide is a 2022 update to our yearly review of Forex calendars. If you are familiar with our previous reviews, you might be interested to check out the changes in this update (you can just skip it of course):

Updated images for Forex Factory, FXStreet, Myfxbook, and Trading Economics. Clarified how to view additional details of a report on BabyPips.com. The lookback period for Dukascopy is up to ten years for some charts. Updated information about additional details for reports on FXStreet and Myfxbook. Added the mention that BabyPips.com, Forex Factory, MQL5.com, Myfxbook, and Trading Economics provide links to the sources for reports. Added some details about a few calendars. Trading Economics no longer shows the date of the next release in the additional details. Updated charts and their descriptions for FXStreet and Myfxbook. Now DailyFX indicates the values that were revised, and you can see the original value if you click on the report. Updated the list of countries and currencies for Dukascopy, Econoday, FXStreet, MQL5, and Myfxbook. BabyPips.com no longer changes the calendar URL according to your time zone. Updated the example URL for watching the previous years' reports on Econoday. TeleTrader now allows seeing 20 pages (500 reports) maximum at the same time, up from 10 pages (250 events) last year. The week starts now on Sunday on TeleTrader.com. While Investing.com and TeleTrader.com have the beginning of the week on Sunday, the week starts on Monday while setting custom dates on those sites. Sound alerts on FXStreet are turned off by default now. Forex Factory added the notifications functionality to the calendar. Updated the number of events, loading speed, and forecast accuracy values. Updated the list of available languages beyond English for DailyFX, MQL5, and Myfxbook. Myfxbook is now among the calendars with a big number of languages. Updated information about ads on FXStreet, Investing.com, Myfxbook, and Trading Economics. Removed 'the large number of ads' from the list of disadvantages for Myfxbook. Added 'the absence of ads' to the list of advantages of Trading Economics. Removed the mention of the best loading speed from the advantages of MQL5. Added 'fast loading speed' to the advantages of Myfxbook and Trading Economics.

If you are new to our reviews, this post will help you choose the best Forex calendar (or calendars) to use in your analysis and trade scheduling. I recommend reading the entire post in this case.

If you trade based on fundamental analysis or employ a news trading strategy, then an economic calendar is an indispensable tool for you. If you are a technical analysis trader or price action scalper, you can use economic calendars to your benefit for spotting the periods of the day when it is best to avoid trading due to the periods of high uncertainty, which is usually connected to important macroeconomic announcements.

Even though modern trading platforms feature economic calendars right inside the trading terminal, it is much more convenient for traders to consult a web page calendar via their browsers — either on a desktop or using a mobile device. Also, while many Forex brokers offer a calendar on their website, the quality of calendars is usually well below what you get at the websites that are specializing in this sort of information.

The 11 Forex calendars presented below have proven to be the finest, both in form (easy to read, fast to browse, and pleasant to the eye) and in terms of content (lots of events, powerful filtering, additional features), and stand out from the hundreds available online nowadays. Despite lots of similarities, the calendars reviewed below have distinct traits that will make them more useful to some traders — it is in a trader's best interest to find one, two, or even three calendars that most fully suit his or her trading style.

The list.

The 11 top calendars below are introduced in alphabetical order and then assessed according to their parameters and special features.

Interface.

Appearance.

Although the basic elements of the calendars are almost unchanged across all websites — the name of the event, its date and time, the country of origin, forecast, and previous and actual values, — each calendar attempts to improve its data presentation using various methods of visualization and applying its own unique design and style.

Legend.

To make the calendars more compact, the websites use various icons, images, codes, and abbreviations to display the list of events. A legend, similar to those used on maps, can accompany a calendar to describe such elements. However, not all the calendars provide a legend and not all of them are equally helpful.

BabyPips.com provides no legend. DailyFX provides a sort of a legend via its event filtering menu. Dukascopy provides no legend. Econoday provides a complete legend for all icons used throughout the calendar. Forex Factory has a very detailed legend with an explanation of icons and abbreviations used. FXStreet doesn't have a legend per se but offers a textual description of the calendar, which will help you to understand how it works. Investing.com has a brief legend for key elements used in the calendar. MQL5.com has calendar filter settings that also pass for being a sort of a legend. Myfxbook doesn't offer a legend for the calendar. TeleTrader.com also describes most of the stuff with its filtering options. Trading Economics offers a rather poor legend, which is mostly a textual description and does not cover all the styling features used in the calendar.

Images/currency codes.

Calendars use a currency ISO code, a country flag, or a country ISO code to show the origin of each of the listed events.

BabyPips.com utilizes country flags and 3-letter currency ISO codes. DailyFX utilizes only country flags and names. Dukascopy utilizes country flags and 3-letter currency ISO codes. Econoday employs country flags and 2-letter country codes. Forex Factory uses only 3-letter currency ISO codes. FXStreet employs a country flag along with a 3-letter currency ISO code. Investing.com uses a country flag along with a 3-letter currency ISO code. MQL5.com uses a country flag and a 3-letter currency ISO code. Myfxbook uses a country flag and a 3-letter currency ISO code. TeleTrader.com displays info using country flags and names. Trading Economics uses country flags along with 2-letter country codes.

Additional details.

As mentioned before, the basic information provided by an economic calendar for each event is the following: date and time, country/currency, name of the indicator or event, and previous/forecast/actual values. All of the listed calendars also provide a news impact measure of some sort. Some calendars choose to augment this data with additional details.

BabyPips.com provides a detailed description of some events/indicators with a link to the source and the frequency of releases. The icon in the Details column indicates whether the report has a detailed description. To view the description, if it is available, you need to click on the icon. DailyFX provides historical data, related news links, and a textual description. Dukascopy provides only the basic explanation of important indicators, frequency of news release, name of the data source, alternative name/significance of the event, and a historic chart, which includes forecasts, with a maximum lookback period of about ten years for some reports. Econoday gives a detailed explanation of the indicators, historic chart (for some events), release schedule, last released data, and study of recently released data. There is also a quick link named Why Investors Care , which describes the importance of the indicator for the economy. The link provides additional details such as the frequency and approximate time of release, original data source without a link, revision methodology, and, finally, a period that the report covers. Forex Factory shows an elaborate explanation of the indicator, a link to the official source page and the report itself, historic data and chart, related news articles, the next release date, an explanation of why it is important, and the indicator's full name and alternative names (if any). FXStreet provides a definition of the indicator, link to the official report, frequency of the release, the date of the next release, links to the related news, a historic chart with forecast and deviation plots, and elaborate market impact charts for major currency pairs (see the Extra features section below). Investing.com offers a description of the indicator, a link to the official source page, and a very detailed historic data/chart spanning decades into the past. MQL5.com provides a description of the event, link to the official source page, next release date, reference to the previous release, chart of the recent data vs. forecasts, historic data chart, and historic data table. Myfxbook provides a link to the source page, a textual description of the event, the date of the next release, how many days to the next release left, and a historic chart of the data vs. forecast values. TeleTrader.com provides only a basic description of the indicator with a link to the official source page. Trading Economics offers a detailed explanation of the indicator, a link to the official source page, a historic chart (with a quick chart view directly in the calendar table), a data table, and related news.

Charts.

Historic data assists in the study and interpretation of the economic data announced recently. Most of the charts show some amount of historical data related to the concerned economic event. However, the level of interaction possible with the chart differs from calendar to calendar. This section makes an attempt to assess the quality of the charts provided by the economic calendars.

BabyPips.com does not offer charts. DailyFX offers a small historic chart with about a year's worth of past data: Dukascopy offers a scalable line chart providing the actual and forecast values for the past few years for a given indicator. Econoday doesn't offer any charts. Forex Factory shows a scalable interactive histogram chart with all values — actual, forecast, and revised. The problem with the revised data representation on the chart is that its color (dark blue) mixes with the actual data presented in light blue. FXStreet provides a zoomable chart for historic data analysis with an option to add forecast and deviation values: Three additional charts are available also (more on them in the Extra Features section below). Investing.com offers a scalable chart with a period selector and a switch between line and area. The data (actual, forecast, and revision) along with the date of the announcement is shown when the mouse pointer is moved over the chart. MQL5.com provides a very simple historic line chart with forecast and actual values. Pointing the mouse cursor over will show the exact value. Myfxbook provides a zoomable historic line chart with forecast and actual values. Pointing the mouse cursor over will show the exact values: TeleTrader.com does not offer charts. Trading Economics provides an interactive chart with a period selector and some basic charting tools: column, line, area, spline, spline area, candlestick, bars, trend, average, histogram, variance, mean, maximum, minimum. Only actual values are plotted. The chart provides the facility for comparison with other countries and events.

Revisions.

Most of the actual announcement values are calculated by governments (or other reporting institutions) using partial data. Because some of the data gets updated or new data is coming later, the revised values are released with the next reports.

When new data is announced for an indicator, simultaneously, the revised value (corresponding to the previous period) for the same economic indicator is reported. Most economic calendars display such revised information in a different color. There are also calendars that provide both revised and unrevised values for the trader’s convenience. Approaches of different economic calendars to revised values are explained below.

BabyPips.com shows revised values, marking them with an asterisk. On mouseover, the 'revised from' value is displayed. Unfortunately, not all events get revisions displayed with this calendar. DailyFX displays revised values. If the value was revised, it says Revised instead of Previous . You can see the original value in the Previous revised from section if you click on the report. Dukascopy shows only original values. Econoday shows both unrevised and revised values, but you have to click on an event to get to them unless you watch a daily view. Forex Factory gives revised values alongside a small yellow triangle. Moving the mouse pointer over the triangle reveals the previous value. FXStreet displays revised values alongside a small round gray bullet with the letter ‘i’ in the center. The previous value is revealed by placing the mouse pointer over the icon. Investing.com shows revised values with a dotted line underneath. Placing the mouse pointer over the number reveals the previous unrevised value. MQL5.com displays revised values with a dotted underline. The original values are displayed in a tooltip. Myfxbook displays revised values with a dotted underline while the tooltip reveals the original value. TeleTrader.com displays only original values. Trading Economics shows revised values and uses a circled ‘R’ symbol next to them. On mouseover, the original data is revealed.

Filters.

Using a filter, a trader can prioritize the list of events to monitor as per personal need. Nearly all calendars offer these three basic filters:

Countries/currencies Nature of event Impact.

We shall look at the specific filters offered by each of the economic calendars taken here for assessment.

BabyPips.com allows filtering based on currency, impact, and session (London, New York, Tokyo, Sydney). The currency filter offers a selection of 9 currencies (AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, and USD). By default, all the currencies, news events, and sessions remain selected. Remember Filters option can be used to make the website remember your choice of filters.

DailyFX supports only country and filtering. It does not offer an filter. However, a event search facility is provided. In total, 41 countries are available for selection in the filter list:

Australia, Austria, Belgium, Brazil, Canada, China, Colombia, Czech Republic, Denmark, Euro Area, European Union, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Kingdom, United States.

Dukascopy offers country, currency, and impact filters. There is also a provision to perform a keyword search. In all, 21 currencies are listed in the currency filter. They are: AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HUF, JPY, MXN, NOK, NZD, PLN, RON, RUB, SEK, SGD, TRY, USD, and ZAR. The filtering can also be done using 31 countries:

Australia, Austria, Belgium, Canada, China, Czech Republic, Denmark, Europe, Finland, France, Germany, Hong Kong, Hungary, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States.

Econoday offers a filter to show events for one particular country of your choice from the following selection: Australia, Canada, China, Eurozone, France, Germany, Italy, Japan, South Korea, Switzerland, United Kingdom, and the USA.

Forex Factory offers currency, impact, and an filter. There are 9 currencies in the filter: AUD, CAD, CHF, CNY, EUR, GBP, JPY, NZD, and USD.

FXStreet offers all three filters — country, impact, and event. The calendar also offers a event search. There is also a custom date filter. Most other economic calendars do not allow search between two specific dates. This facility overcomes that issue. Unfortunately, the maximum search range is three months now, whereas it was twelve months previously. While Dukascopy can also filter by keyword in a custom date range, the maximum period is 60 days there. At Investing.com , the calendar resets to the current date if the search keyword is entered.

There are 44 countries and one monetary union in the country filter:

Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, European Monetary Union, Finland, France, Germany, Greece, Hong Kong SAR, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Russia, Singapore, Slovakia, South Africa, South Korea, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom, United States.

Investing.com offers all three kinds of basic filters — country, impact, and event. Furthermore, there is also a filter to view the actual display time or the time remaining for the announcement. keyword search is also possible. There are 97 countries, territories, and monetary unions in the country filter:

Argentina, Australia, Austria, Bahrain, Bangladesh, Belgium, , Botswana, Brazil, Bulgaria, Canada, Cayman Islands, Chile, China, Colombia, Costa Rica, Cote D'Ivoire, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Euro Zone, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kuwait, Latvia, Lebanon, Lithuania, Luxembourg, Malawi, Malaysia, Malta, Mauritius, Mexico, Mongolia, Montenegro, Morocco, Namibia, Netherlands, New Zealand, Nigeria, Norway, Oman, Pakistan, Palestinian Territory, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam, Zambia, Zimbabwe.

MQL5.com offers impact, currencies, and country filters. For currencies, there are: AUD, BRL, CAD, CHF, CNY, EUR, GBP, HKD, INR, JPY, KRW, MXN, NOK, NZD, SEK, SGD, USD, and ZAR. For countries, there are 22 entities in total. However, only a single country can be selected at a time:

Australia, Brazil, Canada, China, European Union, France, Germany, Hong Kong, India, Italy, Japan, Mexico, New Zealand, Norway, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, United Kingdom, United States.

Myfxbook provides impact and currency filters, though you have to be registered to be able to use them. Overall, 154 currencies are supported in the filter:

AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD. BTN, BWP, BYN, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, IQD, IRR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LPB, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR. SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SRD, SSP, STD, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, and ZMW.

TeleTrader.com allows filtering based on event type, impact, region (North America, Europe, Asia, and Emerging Markets), and country. Overall, 51 countries and one monetary union (eurozone) are provided in the country filter:

Argentina, Australia, Austria, Bahrain, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Estonia, Eurozone, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Italy, Japan, Korea, Latvia, Lithuania, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Singapore, Slovakia, South Africa, Spain, Sweden, Switzerland, Taiwan, Turkey, United Arab Emirates, United Kingdom, United States of America.

Trading Economics offers country and filtering. In addition to selecting several countries one by one, it is possible to select All , Major , Africa , America , Asia , and Europe groups. The list of countries, territories, and monetary unions includes 136 entities:

Afghanistan, Albania, Algeria, Angola, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahrain, Bangladesh, Belarus, Belgium, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Cambodia, Cameroon, Canada, Cape Verde, Chile, China, Colombia, Congo, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, El Salvador, Estonia, Ethiopia, Euro Area, Finland, France, Georgia, Germany, Ghana, Greece, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malaysia, Mali, Malta, Mauritius, Mexico, Moldova, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Netherlands, New Zealand, Nicaragua, Nigeria, Norway, Oman, Pakistan, Palestine, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Republic of the Congo, Romania, Russia, Rwanda, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Sierra Leone, Singapore, Slovakia, Slovenia, Somalia, South Africa, South Korea, Spain, Sri Lanka, Sudan, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Trinidad and Tobago, Tunisia, Turkey, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Zimbabwe.

Time zone.

A trader may or may not be located in the same time zone used by the economic calendar to display the schedule of economic announcements. Thus, it is a good idea for the Forex calendars to display their active time zone and to allow synchronization of the server time with the computer’s clock. The economic calendars tackle this issue in the following manner.

BabyPips.com — detects local time and uses it to display the schedule of events. The local time settings can be changed using the menu but cannot be saved permanently. DailyFX — detects your time zone. The settings can be changed using the dropdown menu and will be remembered via cookies. Dukascopy — detects and uses your local time to display the schedule of event announcements. You can toggle between Local and GMT . There is no way to save the choice and it is impossible to select any other time zones. Econoday — uses EST/EDT as the default time settings. However, it offers a provision to change the time zone as you want and save it in a cookie file. Forex Factory — detects your local time zone by default. You can manage the time settings with or without registration. The calendar uses cookies (for unregistered users) and member profiles (for registered users) to remember the time zone. FXStreet — uses GMT as the default. Time zone can be changed (including to autodetect ) both for registered and unregistered users. The website will remember the choice regardless of your registration status. Investing.com — default time zone is EST/EDT. The time zone can be changed, but not saved without registration. MQL5.com — by default detects the time zone via your browser. It can be changed and saved even without registration. Myfxbook — by default detects the time zone via your browser. If you open a free account with Myfxbook, you can change and save the time zone in your account settings. There is no way to change the calendar time zone without registration. TeleTrader.com — automatically detects local time and uses it to display the event announcement schedule. If the time settings are changed using the dropdown menu, then the latest setting (saved in cookies) is used when opening the economic calendar during the next visit. Trading Economics — automatically detects your time zone settings and applies them to the economic calendar. You can also set an arbitrary time zone and it will be saved for your next visit even if you do not register.

Time browsing.

Forex traders might need to browse through past economic data or look at the future schedule of events for a variety of reasons. Thus, every economic calendar strives to offer such a facility, albeit each in its own way.

BabyPips.com — you can choose to browse either by day or by week. The actual browsing is done by a kind of page flipping or by selecting a particular week from a dropdown list, though to see the list you have to narrow the browser window. Unfortunately, historic Actual values are rather inaccurate on the BabyPips.com calendar. DailyFX — you can view the events using five time presets: last seven days, yesterday, today, tomorrow, and next seven days. Additionally, you can select one specific day via a calendar, but you cannot set a date range: Dukascopy — you can browse through dates, months, and years. However, the maximum listing range is 60 days. There is also a provision to manually enter the beginning and end date. As usual, there are quick links for viewing the events scheduled for today, tomorrow, this week, and next week. Econoday — follows a very simple approach to facilitate calendar browsing. At the top of the event table, four quick links for browsing monthly, weekly, daily, and today's data are provided. Beneath the quick links, two rows containing sequential dates and months of a calendar year are displayed. Unfortunately, the links work only for the current year. To see the last year's reports a direct link is required. For example, to view US non-farm payrolls in 2021, one can go to the June 2021 NFP report and change the fid parameter up or down by 1 to see the next or the previous report. Forex Factory — provides an easy and flexible browsing facility. It is possible to browse through dates, months, and even years. The default week can be set and saved. For quick reference, there are links to visit the week and month that just ended. Similarly, there are quick links to visit the event schedule for the week and month that are about to come. FXStreet — a calendar browsing facility is available. There are also quick buttons to jump to Recent & Next , Today , Tomorrow , and Next Week events. The latter can also be changed to This Month , Next Week , Next Month , Yesterday , Previous Week , and Previous Month via a menu. It is possible to set the date manually, with 2007 being the earliest year available. A bit of a problem is the fact that the event dates lack any indicator of the year they belong to, so it can be confusing if your range includes several years. Investing.com — you can browse through days and weeks. Alternatively, you can set a date range using a calendar, which lets you get some announcement data from decades ago. MQL5.com — lets you flip through the weeks back and forward. You can also choose current, previous, or next week as well as current, previous, or next month. A calendar selection is available where you can choose a period of up to 90 days long. Myfxbook — has Today , Tomorrow , This Week , and Next Week buttons. You can also use the calendar facility to set a date range, and its start and end fields can also be edited manually. The time range cannot be longer than three months. TeleTrader.com — the time scale allows a quick selection of data pertaining to the previous day, current day, and the next three days. Additionally, a tab to view the entire list of events during the current and next week is available. Using the input box in the custom search facility, a trader can choose the period of interest for studying the economic data. The calendar in the custom search facility allows flipping through months, but not years. A drawback, which we came across while using the custom search facility, is that the number of events that gets listed is restricted to 500 despite increasing the time period of search. For example, if we are studying the events in the month of April 2022, only the first 250 events are getting listed. Once we reach the tenth page of events, we have to input the new dates to study the rest of the data. A tiny square box within each calendar date in the time scale provides the number of anticipated events for that particular day. Trading Economics — calendar browsing facility is not available. However, there is a menu named Dates , which provides a quick link to view the event schedule for today, tomorrow, last week, next week, and next month. There is also a facility to manually enter the starting and ending dates of the event schedule.

Week beginning.

Four of the 11 economic calendars use Monday as the starting day of the week. They are DailyFX , Econoday , MQL5.com , and Trading Economics . In the case of Forex Factory , you can set the first day of the week according to your choice and save it via the browser cookies. Registered users can save the settings through their profile manager. The rest of the researched websites use Sunday as the first day of the week. Investing.com and TeleTrader.com are somewhat special in the sense that, while the calendars show Sunday as the first day of a week, a week starts with Monday in the custom dates setting of those calendars.

Automatic updates.

feature lets you avoid the need to manually refresh a web page to view the latest announcements. The following economic calendars offer automatic updates:

Other calendars require explicit reloading to see the changes, which is not a big problem itself, but it certainly makes working with announcements tedious.

Mobile-friendly.

Nowadays, when lots of traders prefer to use their mobile phones to analyze the charts, access news, and even submit orders, it is crucial for a calendar to have a view. In addition, calendars can offer apps that can offer their own features and be even better than calendars. Below we assess how are the top Forex calendars in our list.

BabyPips.com.

BabyPips.com has a responsive mobile-friendly website. The mobile version provides the same information and nearly identical interface features as the desktop version of the calendar. In fact, it looks like they developed the calendar with mobile as their first priority and then expanded it somewhat for a desktop view.

There is no mobile phone app for the BabyPips.com calendar.

DailyFX.

Offers a website that does a great job providing nearly the same information as the desktop version of the calendar.

The iOS and Android apps are available for the DailyFX calendar. It has a slightly different design but offers almost the same information as the mobile web browser version, except for the former not showing any details about announcements.

Dukascopy.

Dukascopy's calendar is not mobile-friendly at all. It retains all the main features of the desktop view, but it seems that you cannot even scroll horizontally even though the site does not fit the browser window horizontally.

Dukascopy's calendar is available in an app called Swiss Forex (published by Dukascopy). The calendar in the app is more but lacks some of the filtering options available in the website calendar.

Econoday.

It is certainly a website with a very convenient event browsing interface. Unfortunately, it lacks a weekly view but otherwise has the same basic functionality as the desktop version.

Currently, Econoday does not offer a calendar app for mobile devices.

Forex Factory.

This calendar could be a great example of a website, but despite having lots of interface features transferred at a quality level, it only shows the Actual values for all announcements in the event list. You have to click on the specific announcement to view the Previous and Forecast values. And you cannot see the value, though you can still tell if the Previous value has been revised.

No official Forex Factory calendar app is available for your phones. There is an unofficial app, which looks very bad and isn't worth a detailed review.

FXStreet.

Offers a mobile version of the website, which is almost on par with the desktop one. You can use the same filtering options as in the desktop web calendar, even allowing you to set custom date ranges. Unfortunately, revisions aren't even shown.

The app offered by FXStreet features a calendar with a simple layout but, for the most part, suffers from the same issues as the webpage for mobile browsers. It has the impact filter but lacks the event type filter. You cannot switch the dates only to today, tomorrow, and the next week. Time zone settings are either your local or GMT. Same as the mobile web version, the app doesn't show any revisions — only values are displayed.

Investing.com.

The mobile version of the calendar is ridden with ads but is built to be rather convenient. Unfortunately, browsing through the past weeks is not possible. Revisions are marked and values are available in the history tab after clicking on a report.

The app for mobile devices offers only one improvement over the calendar — a search feature that lets you find any particular economic indicator and see its release history. However, the app lacks the event category filter.

MQL5.com.

MQL5.com calendar transfers all the features from the desktop web version to the mobile web version flawlessly. You can even set date ranges! Everything is displayed in a clear and concise way. The revisions and values are shown.

The MQL5.com mobile app is called Tradays and, surprisingly, is worse than the mobile web version. Most filters are lacking. Events are displayed only for a selected day. Revisions are shown but neither are marked nor allow viewing of the values.

Myfxbook.

Myfxbook is very mobile-friendly, having largely the same features as the desktop web version, even allowing to set custom date ranges in the filtering options. The only notable difference is that the mobile version doesn't show a specific time for releases. Instead, it shows the number of hours or days until the future releases.

The Myfxbook mobile app is available for Android and iOS mobile platforms. It has slightly crippled functionality — you cannot set arbitrary date ranges for time browsing. Also, revised previous values aren't shown.

TeleTrader.com.

TeleTrader.com is not a site. To browse through it, you have to endure lots of scrolling and tight tapping. On the bright side, all the desktop features are retained in the mobile version.

TeleTrader.com offers a mobile app called StockMarkets (though it is listed as baha in the Play Store market for Android). In addition to multiple other things, it offers an economic calendar, which is much easier to use than the mobile web version. Time browsing is rather limited and there and only two filters are available — impact and country. Revisions are completely ignored.

Trading Economics.

The calendar is totally . All interface features are there, including advanced ones, like charts and alerts. Revised values are shown but no mark indicates that the value is a revised one.

The calendar is available via the official Trading Economics Calendar app. It is quite similar to the web version of the calendar but has some differences. It lacks a custom date range selection tool but offers a watchlist to track events. Similar to the web version, there is no indication that the shown values are revisions when this is the case.

Delays.

In our previous reviews of the best economic calendars, some websites have demonstrated considerable delays in the publication of the actual values for macroeconomic indicators. Fortunately, this year, all calendars fared well and updated the display values promptly. Thus, you are safe to conclude that you are unlikely to encounter any announcement delays when relying on any of the 11 calendars reviewed here.

Notification.

Notifications can alert you about a news event with sound or other means even when you aren't watching the calendar. Here is how different calendars from our top 11 work with notifications:

BabyPips.com — none. DailyFX — alerts can be created by adding the events to Google, Yahoo, iCal, or Outlook calendar in a way. Dukascopy — none. Econoday — none. Forex Factory — alerts are available for every event. You can turn on or off the options for notifications in the browser and the email. You can also choose when to be notified: with a 2-hour, 1-hour, and warning, as well as when the data is released. FXStreet — offers sound notifications for all events, which are turned off by default. You can also add alerts to Google calendar automatically or by downloading a file and adding the event to a calendar of your choosing. Investing.com — provides an notification engine with a choice of recurring/ alerts, reminders (before notification), and a choice of delivery method (website popups on desktop or to a mobile device). MQL5.com — none. Myfxbook — offers email notifications for either N minutes or N hours before the calendar event marked for notification. The feature works only for registered members. TeleTrader.com — none. Trading Economics — provides email and desktop alerts and reminders but only for registered users.

Loading speed.

For many traders, an economic calendar has value only if it loads quickly. In this regard, the performance of all the eleven researched websites is assessed using the service of WebPageTest. The websites were tested using six different geographical locations: US East Coast (Virginia EC2, USA), US West Coast (California EC2, USA), South America (Sao Paolo EC2, Brazil), Europe (London EC2, UK), Asia (Tokyo EC2, Japan), and Oceania (Sydney EC2, Australia). The browser was set to Chrome and the median of three first loads has been measured for each calendar from each of the six locations. Then the average load time has also been calculated. The results are presented in the table below.

Website/Location US East Coast US West Coast South America Europe Asia Oceania Average BabyPips.com 4.57 3.67 5.31 5.95 4.81 6.16 5.08 DailyFX 4.41 3.79 5.94 4.76 5.34 6.52 5.13 Dukascopy 6.57 7.51 9.61 5.61 9.23 9.93 8.08 Econoday 2.99 3.02 4.37 3.72 4.39 4.81 3.88 Forex Factory 3.99 3.71 3.70 4.37 3.73 5.01 4.09 FXStreet 4.29 3.78 6.19 4.46 5.28 5.72 4.95 Investing.com 18.88 23.69 5.79 4.97 43.58 58.89 25.97 MQL5.com 3.37 4.00 3.20 2.57 4.25 4.51 3.65 Myfxbook 2.00 2.00 2.33 2.12 2.37 2.35 2.19 TeleTrader.com 5.03 6.72 8.49 4.38 6.76 9.74 6.85 Trading Economics 1.49 1.60 2.84 1.83 2.59 3.11 2.25.

The notable development this year was the fact that almost all calendar pages had faster loading times compared with the previous year. Myfxbook and TeleTrader showed an especially big improvement, being more than ten times faster in some areas compared with the previous year. One of the exceptions was MQL5.com , which showed slower speed in all regions. While the slowdown was not big, it cost MQL5 its leading position in all regions. The fastest calendar overall was Myfxbook , which is really impressive considering it was among the last year, though Trading Economics was not far behind. Both calendars were the fastest in three regions each. The loading speed of Investing.com slowed in Asia and Oceania, resulting in the slowest loading speed among other calendars in those regions. While the loading time improved in other regions, Investing.com still came out as the calendar in the North American regions as well. And on top of that, Investing.com became the worst-performing calendar overall. Dukascopy was the slowest in South America, while BabyPips.com showed the worst loading time in Europe.

Number of events.

A Forex trader who needs to stay informed about all the events related to the currencies he or she trades, would be naturally inclined to look for a calendar that offers the maximum number of events. While the economic calendars do not miss out on any major currency, they curtail the number of news events listed in their economic calendar. Since there is no way to add a custom news event to an economic calendar, it is important to select an economic calendar that offers as many relevant news events as possible. We have calculated the number of events provided by the 11 calendars for the four major currencies (EUR, GBP, JPY, and USD). In the calendars that don't support currency filters, a country filter has been applied to include Japan, the United Kingdom, the United States, and all the countries of the eurozone. The calendar month used for assessing the completeness of an economic calendar was April 2022.

Investing.com is a clear leader in terms of providing the maximum number of economic data items related to the four most traded currencies. Trading Economics , Myfxbook , MQL5.com , and DailyFX are also quite heavy on the number of economic reports. On the other hand, Econoday and Forex Factory would be more helpful to traders who are less interested in minor events and variations of the major ones.

Forecast accuracy and similarities.

Quite often, a trader will come across differences in the forecast values offered by different calendars. The use of different primary data sources contributes to the difference in forecast values. Are forecasts provided in one calendar consistently better than forecasts offered by other calendars?

To assess the forecast accuracy of economic calendars, we used the ‘US Payrolls’ data, a popular fundamental indicator, to calculate the standard error of forecasts for the period of 12 months, starting with the report released in June 2021 and ending with the report released in May 2022.

The following table provides the difference between the forecast and the actual values in thousands for the given month and calendar. For example, if the forecast value was 177k and the actual value was 75k, the difference recorded in the table is positive 102k; if the forecast value was 181k and the actual value was 263k, the negative difference -82k is recorded. The final column is the absolute value of the average difference for the sample of 12 observations for the given calendar:

Website/Month Jun 21 Jul Aug Sep Oct Nov Dec Jan 22 Feb Mar Apr May Avg. BabyPips.com 51 -200 -43 515 281 -131 330 226 -437 -328 29 -13 215 DailyFX 91 -159 -73 515 306 -81 340 201 -317 -278 59 -37 204 Dukascopy 390 174 -489 158 290 -324 401 376 -496 -520 46 2 303 Econoday 91 -147 -43 505 281 -81 335 201 -317 -288 59 -28 198 Forex Factory 86 -125 -73 485 296 -76 343 227 -357 -271 61 -38 203 FXStreet 91 -159 -73 515 306 -106 340 201 -317 -278 59 -37 206 Investing.com 91 -150 -73 515 306 -81 340 201 -317 -278 59 -37 204 MQL5.com -955 -847 -562 -212 -496 -584 120 180 -659 -1091 -351 -111 514 Myfxbook 91 -150 -73 515 306 -81 340 201 -317 -279 59 -37 204 TeleTrader.com 91 -150 -73 515 306 -106 340 201 -317 -278 59 -37 206 Trading Economics 91 -150 -73 515 306 -81 340 201 -317 -278 59 -37 204.

Without the interference of coronavirus-related volatility, calendars were much more precise this year. Econoday remained a winner this year, though most other calendars, with the exception of Dukascopy and MQL5 , were not that far behind. MQL5.com remained the least precise with its predictions. September 2021 demonstrated the biggest misses in forecasts, while in April and May of 2022 forecasts of most calendars (MQL5 again being an exception) were very close to the actual value.

The calendars of DailyFX , FXStreet , Investing.com , Myfxbook , and TeleTrader continued to use the same source for their forecasts. Trading Economics joined them this year, providing the same forecasts. It is interesting to note, though, that those calendars had a strange discrepancy in their forecasts for November 2021. DailyFX , Investing.com , Myfxbook , and Trading Economics predicted an increase of 450k, while FXStreet and TeleTrader.com predicted an increase of 425k.

Translations.

All the top 11 Forex calendars are available in English. However, for the majority of FX traders, English is a foreign language, so it might be preferable for them to access the economic calendar in their native language. The calendars reviewed here approach this issue in different ways:

BabyPips.com does not offer its calendar in any language other than English. DailyFX offers its service in Chinese (both simplified and traditional) and French. Event descriptions for the French version aren't translated, while everything in both Chinese versions is translated. Dukascopy doesn't offer many translations of its economic calendar despite the fact that the website itself is available in a number of foreign languages. The only translation available is in Japanese, and even then, it is only partial, with names of countries in the filter and the names of events remaining in English. Econoday does not provide any translations of its calendar. Forex Factory offers web site only in English. FXStreet offers its website and the economic calendar in 14 languages apart from English. The languages are Arabic, Chinese (simplified and traditional), French, German, Hungarian, Indonesian, Italian, Japanese, Portuguese, Russian, Spanish, Turkish, and Vietnamese. The translations are very professional and thorough. Investing.com offers translations of its website and calendar in the following 23 languages: Arabic, Chinese (simplified and traditional), Dutch, Finnish, French, German, Greek, Hebrew, Hindu, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish, and Vietnamese. MQL5.com calendars in languages are well done. You can use it in Chinese (Simplified), French, German, Italian, Japanese, Portuguese, Korean, Russian, Spanish, and Turkish. Myfxbook offers its calendar in 20 languages (in addition to English). For Chinese (both traditional and simple), French, German, Hindi, Japanese, Malaysian, Polish, Portuguese, Russian, Spanish, Swedish, and Turkish, the translations are very good with only minor interface elements left untranslated. Conversely, for Czech, Korean, Latvian, Portuguese (Brazilian), Slovak, Thai, and Vietnamese, almost nothing is translated. TeleTrader.com offers its website and calendar in German, Hungarian, and Polish translations. Trading Economics provides services in 24 languages in addition to English: Arabic, Bengali, Chinese, Danish, Finnish, French, German, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Norwegian, Persian, Polish, Portuguese, Russian, Spanish, Swahili, Swedish, Turkish, and Urdu. The event details can be read in the listed languages. However, the description is not provided.

Trading Economics leads the fray. It is closely followed by Investing.com , Myfxbook , and FXStreet . BabyPips.com , Dukascopy , Econoday , and Forex Factory will be of little use to traders with a poor understanding of English.

Extra features.

Some calendars offer extra features which deserve to be mentioned. The list compiles the additional features, if any, in each of the calendars being researched:

Forex Factory — displays the major central bank interest rates in a for quick reference.

FXStreet — offers a special dashboard for each news event. This dashboard, in addition to the abovementioned amazing historic chart, features three volatility charts that show how a chosen currency pair (you can select from EUR/USD, USD/JPY, GBP/USD, AUD/UDS, and USD/CAD) behaved statistically following the given news announcement. The first chart is the True Range one with 15-minute and 4-hour true ranges (plus average true ranges) plotted for several years of historic releases:

The second chart is the Volatility Ratio one with 15-minute and 4-hour VRs (plus average VRs) plotted for several years of historic releases:

The third chart is the most interesting one — True Range vs. Deviation. It plots the 15-minute and 4-hour true range against the deviation of the actual value from the forecast. As a result, you can see how the currency pair volatility correlates with larger news surprises. For example, here is the True Range vs. Deviation chart for EUR/USD and ISM services PMI:

Investing.com — displays the time remaining for the upcoming news releases. There is also a handy link to the holidays' calendar. Also, the central bank rates are available on the right sidebar:

Myfxbook — in addition to the date and time of each event, the calendar displays the time remaining till each event. This might come in handy to quickly assess the remaining time.

Trading Economics — provides a comparison of economic indicators. For example, you can compare the US payrolls with the Canadian employment change:

Advertisements.

Most calendars use advertising as their main source of revenue. This allows them to provide free data services to all traders but cripples the calendar's usability. Some calendars use advertisements sparsely while others can be overloaded with ads. Here, we review the situation with advertisements on Forex calendar websites:

BabyPips.com — has one banner above the calendar and two banners below it. They don't distract from browsing at all. DailyFX — the calendar belongs to the IG broker, so its banner can be seen just below the event list. It is easy to ignore the banner. Dukascopy — the calendar is on the broker's website, so there are no ads at all. Forex Factory — has a sliding side banner and a bottom banner. The former can be somewhat distracting. Econoday — doesn't show any ads. FXStreet — features a banner at the top of the calendar, a background banner, and a sliding sidebar with a flashing table of brokers' spreads. The ads are very distracting. Investing.com — has a banner above the calendar, multiple normal banners, and a list of brokers below the calendar. MQL5.com — features one top banner. It is easily ignored. Myfxbook — has an interstitial ad, a top banner, and a list of brokers below the calendar. TeleTrader.com — has no ads on the calendar page. Trading Economics — has no ads to distract you.

Exporting and printing.

Printing the calendar events allows traders to work on their trading plan away from the keyboard, which can be useful sometimes. Exporting to formats or spreadsheets lets further processing of the economic calendar data. Unfortunately, not all calendars allow such manipulations.

BabyPips.com — none. DailyFX — lets you print out the calendar. Dukascopy — none. Econoday — none. Forex Factory — lets you export the current week as CSV, JSON, and XML. FXStreet — allows exporting the calendar in CSV and ICS format. You can first apply filters and date range, and the export function will respect those settings. Investing.com — has a view of its economic calendar. Unfortunately, the function has some serious glitches. Users also report being able to manipulate calendar data through the calendar's embedding feature. MQL5.com — doesn't allow exporting or printing but allows accessing the calendar events via its MetaTrader 5 platform. Myfxbook — lets you export your filtered view in CSV and XML formats. TeleTrader.com — none. Trading Economics — offers data export and API access to paid subscribers only.

Summary.

Use BabyPips.com if:

You are looking for a simple calendar with basic features. You are looking for a calendar that doesn't look congested and flashy. You don't need an event type filter. Printing or exporting the macroeconomic data is not your priority. You can read and understand English very well. You don't mind a long loading time.

Use DailyFX if:

You would use a keyword search to find events. You want browsing with a sleek modern interface. You often need to look back to a particular date to check past events. You wish to quickly know the number of scheduled announcements for a day. You don't need to read about news events in languages.

Use Dukascopy if:

You wish to know the frequency of an announcement. You wish to view the historic chart with actual and forecast values. You aren't interested in the revised values. You don't want to print or export the calendar. You are not bothered by a rather lackluster mobile version of the calendar.

Use Econoday if:

You want the best forecast accuracy. You want a simple calendar. You wish to have a detailed description of events. You would like to monitor only the most important events. You want a calendar that loads really fast. You don't want to see any ads. You don't want to print or export the calendar. You aren't looking for an feature. You want to go through hell to browse past year's events.

Use Forex Factory if:

You want a detailed explanation of the indicators. You regularly use historic graphs/data. You are looking for a and calendar. You prefer accurate and timely reporting with clear revision marking and annotation. You need a calculator. You can read and understand English very well. You don't want to stare at a long list of events.

Use FXStreet if:

You need the feature. You want to filter events simultaneously with keywords and custom dates. You prefer an study of the economic data. You want to export the calendar to CSV or ICS. You want to use event notifications. You don't mind an abundance of ads.

Use Investing.com if:

You prefer detailed explanations. You wish the calendar page to and show the latest values. You want to be able to search events by keyword. You have a need for a calendar of market holidays in a lot of countries. You aren't bothered by too many ads occupying the calendar page. You don't mind waiting for the calendar to load.

Use MQL5.com if:

You prefer an uncongested lean calendar. You wish the calendar page to and show the latest values. You want nice historic charts of the macroeconomic indicators' values. You like browsing your calendar on mobile. You want to be able to load calendar data via MetaTrader 4 or MetaTrader 5 platform. You don't use event notifications. You aren't bothered by poor forecast accuracy.

Use Myfxbook if:

You want to easily set custom date ranges. You want to export the calendar in CSV or XML formats. You want to get email notifications of upcoming announcements. You want your calendar to load really fast. You don't need historic charts of past indicator values.

Use TeleTrader.com if:

You wish to study data based on specific events such as central bank interest rates. You wish to quickly know the number of scheduled announcements for a day. You prefer an experience. You aren't particular about printing or exporting the calendar. You are OK with a small number of languages the calendar is available in. The poorly done mobile web version and mediocre mobile app experience don't bother you.

Use Trading Economics if:

You wish to monitor nearly all the economic data of a country. You want to compare two events on the chart. You want the event values to . You do not want any ads to bother you. You prefer to use a calendar with a fast loading speed. You don't mind registering to create a watch list and portfolio and for economic news.

That is all for our 2022 review of the top economic calendars. The research will help you in choosing the right Forex calendar for your analytical needs. Of course, you can always use not just one but several calendars that fit your requirements.

You can tell us how you use Forex calendars in your trading and which calendar is your favorite on our forum for traders.

If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to our monthly newsletter.

Opções binárias o que 2

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Forex factory calender 1

Forex Factory - Forex Calendar And Forex News.

The Forex Factory Calendar is by far the most user-friendly and accurate calendar to keep track of Forex-related news events.

Latest Version.

Apr 25, 2022.

Google Play ID.

App APKs.

Forex Factory APK.

Forex Factory - Forex Calendar And Forex News APP.

The Forex Factory Calendar is by far the most user-friendly and accurate calendar to keep track of Forex-related news events. By the end of this tutorial, you will know how to use the calendar as well as how to read it in a way that is beneficial to your trading.Forex Factory provides information to professional forex traders; lightning-fast forex news; highly-active forex forum; famously-reliable forex calendar; aggregate forex market data.

Forex Factory provides information to professional forex traders; lightning-fast forex news; highly-active forex forum; famously-reliable forex calendar; aggregate forex market data.

Forex Factory, Tampa, Florida. 114K likes. Forex Factory provides market intelligence to forex traders worldwide.

The Forex Factory Calendar is by far the most user-friendly and accurate calendar to keep track of Forex-related news events. By the end of this tutorial, you will know how to use the calendar as well as how to read it in a way that is beneficial to your trading. But before we get into the details, I want to dispel a common.

This post will teach you how to interpret and successfully apply the Forex factory calendar into your trading.

Discover these free powerful trading tools that Forex Factory offers, and how you can use it and improve your trading results.

Become a successful Forex trader using Forex Factory. Whether you are fresh investor or a professional Forex trader, one of the best opportunities to get maximum return is trading via Forex Factory, the 2,962th worlds' most popular web-site in English providing exclusive market.

Forex Factory, Inc. operates forexfactory.com, a Website for forex traders. The Website offers discussion forum for traders; financial calendar; financial news; and financial tools such as charts, composite quotes, broker quotes, and sessions. Further, it provides Trade Explorer, an online tool for forex traders to analyze.

Forex Factory Is Such a Helpful Site for the Forex Traders, but If You Are a Forex Trader, There Are a Few Things That You Have to Note, Otherwise You Will Get Scammed by the Scam Forex Brokers. If you are investing in the Forex markets, one of the best opportunities to book.

Forex factory calender

FFCAL Forex Factory Calendar Download.

Every Forex Trader knows that any economic news, big or small, can impact the Forex market. As a result of these news releases, the Forex market fluctuates, becoming highly volatile. What if a trader can foresee the impact of such a news release on the Forex market?

While trading Forex with the MetaTrader, a trader can use the Forex Factory Calendar Indicator to check possible economic news releases and their impact on the market. With the help of this indicator, they can plan their entry and exit from the market or may decide to hold their current position. As a result, this indicator has assisted many traders in improving their decision-making ability. In addition, it has helped them coordinate between the economic news and the market trends on a single screen.

Let us see how this indicator works with your MetaTrader terminal and how it can help you with your Forex trading.

FFCAL Forex Factory Calendar Download.

How To Use the Forex Factory Calendar?

We know that any news release by an economy or a central bank can significantly impact the Forex trading market. These impacts can be so huge that they can even reverse the trend within seconds of the news release. This can highly impact traders’ trading strategy as the market situation is sometimes reversed from what they had anticipated.

Many traders use different indicators to plan their entry and exit from the market. But what these tools show is irrespective of what may or may not happen in an economy. Therefore, most traders use the Forex Factory Calendar Indicator so that these sudden impacts do not affect their trading plans.

When you apply this indicator to your MT4 terminal chart, it indicates the expected news release as a warning to make the trader aware of what changes may happen to the current market trend. These warnings help the trader plan their entry and exit from the market or change their current position. Some traders may also use this indicator to place the take profit or stop-loss levels.

It doesn’t matter if you are a fundamental trader or a technical trader, an expert at trading Forex, or a novice in the market; the Forex Factory Calendar indicator can help you irrespective of your expertise or trading style. You can either use the indicator to anticipate the impact or plan your move based on the previous data. Or, you can wait for the actual news to release and then plan your trading strategy. Either way, the indicator will provide you with many trading opportunities.

Conclusion.

This indicator may not provide traders with direct exit-entry or buy-sell signals. But it can do what other hands cannot. It can give a heads up to Forex traders about upcoming economic conditions and how they can impact the forex trading market. Other tools lack such features that this tool has. So, if a trader wants to consider such information while trading Forex, they must use the Forex Factory Calendar Indicator with other tools . Its pre-warning feature gives a trader enough time to plan their move. Another advantage of this indicator is that it can be combined easily with other systems or strategies used in Forex trading. Therefore, a trader does not have to worry about switching between different systems.

However, traders must understand that this indicator cannot be used as a Buy-Sell indicator, but only for the purpose, it is made for.

Trader at Leanta Capital.

Igor has been a trader since 2007. Currently, Igor works for several prop trading companies. He is an expert in financial niche, Long-term trading, and weekly technical levels.

The primary field of Igor's research is the application of machine learning in algorithmic trading.

Education: Computer Engineering and Ph.D. in machine learning.

To contact Igor write on: igor@forex.in.rs.

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Forex factory calendar 6

The Complete Guide on How to use Forex Calendar.

Forex trading involves the buying and selling of currency pairs for profits over a short time. Trading differs from investments as the former is driven by the fluctuations in the currency markets. Moreover, economic events may create fluctuations in the Forex market, and tracking them is imperative to maximize gains. A forex calendar is an effective tool for tracking any forthcoming events and assessing its significant impact on the currency markets.

A forex calendar or economic calendar is a list of all the important events in a year, which may likely impact the Forex markets. Specifically used for planning trades and portfolio relocations, the Forex or economic calendar offers market indicators, chart patterns based on the forecasted events.

Simply put, a Forex or FX calendar is an active tool to aid traders to predict Forex market trends. They are economic indicators that enable traders to create Forex trading strategies. So, what are the events listed in the Forex or economic calendar?

Interest rate decisions, gross domestic product or GDP, consumer price index, the monetary policy of nations, among others, are few such economic events that generally impact the currency markets either directly or otherwise.

An Overview of an Economic Calendar.

The economic calendar is an integral and effective tool that any successful modern trader cannot do without. The forex calendar provides economic data. And with this data, the trader can predict and speculate changes that may occur in the Forex markets. Typically, lucrative Forex trades revolve around an upcoming event and announcements that may impact the financial markets like GDP, price index, etc. And, professional traders look for opportunities to maximize their ROIs owing to the event-driven price movements.

The impact of similar events on the economy and the Forex market acts as a precursor aiding the traders to derive profitable trading strategies. Moreover, experienced traders rely on fundamental analysis, which includes analyzing past profitable Forex trading opportunities and its propelling events.

As one of the indispensable tools for both fundamental and technical analysis, Forex calendars alert traders about news, market trends, and the statement that may impact price movements in the financial markets.

In this article, we will learn all about using the Forex calendars, its importance, and tips for using them effectively. We will also determine the role of these calendars concerning the price movements of the currencies in the financial markets.

How to Use a Forex or Economic Calendar?

The objective of using an economic calendar is to make better trading decisions. It typically involves:

Understanding the FX Calendar.

The first glance of the FX calendar is often intimidating, especially to new traders and beginners. Always take the time to study the calendar to better understand how to navigate it. An FX calendar features time zone, nation, events, forecast, actual value, the previous value, time frame, etc.

The next step in using an FX calendar is to configure the time based on the trader’s current time zone. Configuring the time zone is crucial to determining the accurate time of the news events. Traders must also consider factors like the exact time of the news release and the effective time frame to take the required actions.

Determining the Events and Currencies.

Most calendars can filter the type of events the trader is keen on using as market indicators. Users can set filters to showcase only those events and currencies on the economic calendar and compare the forecast with that of the past occurring. Most FX calendars also have options like low, medium, and high impact events filters. Enabling the filters will display only those news and currencies that interest you and makes the calendar appear less cluttered.

Which News Releases Should I Trade?

Some of the vital events that experienced traders look for include (and are not limited to); gross domestic product, nonfarm payrolls, unemployment rates, consumer price index, monetary policy announcements, and announcements from the central bank, which may impact interest rates. Apart from the events, choosing medium and high impact data releases over the low impact events helps traders to look for events that would likely impact the market in a major way.

Determining the Preferred Time Frame.

Typically, an FX calendar has the following time frames; day, week, and sometimes months. Most often, professionals choose a time frame of a complete week as it enables them to consider the important dates for trade movements.

Make Informed Forex Trading Decisions.

Based on the events and the previous actual results, traders can make informed trading decisions, which is the end objective of using an FX calendar.

Now that we know the basics of using the FX calendar let’s understand the significance of the Forex calendar in trading.

Why Economic Calendars are Important.

Profitable trading is when you buy for less and sell for more, and the difference is the gains you earn. Although this sounds quite straightforward, traders must consider certain factors like entry and exit points, stop-loss limits, etc. The future positions of the popular currency pairs, though dynamic, are often fluctuating. It is this volatility the trader banks on for better gains.

The role of the economic calendar like the ones found at Forex Factory is to provide information about the market changes. Such a calendar enables traders to plan trades based on the likely future positions of the currency pairs. Thus, a calendar like the one found on the Forex Factory site is ideal for options trading with better gains. Moreover, the calendar enables you to create trading strategies for a particular time or period with high-profit margins.

Does the Information Really Help Traders?

Experienced and professional Forex traders rely on fundamental analysis for trading signals. Forex news, economic data, and news events form the crux of fundamental analysis. And the calendar is an exhaustive resource of all that important economic data accounting for most of the Forex news events. Thus, most of experienced FX traders interpret the information provided in the economic calendar and forex signal providers mentioned here to execute profitable trades.

Apart from economic factors, there are political aspects as well that directly influence the value and demand of national currency. Most often, a reliable Forex or economic calendar provides information on all the changes or volatility a currency may experience due to economic and non-economic aspects influencing the markets. It also provides data to create economic reports with leading and lagging indicators, impacting the traders’ movements.

Impact on the Forex Market.

The calendar can indirectly impact the FX market as traders make decisions to buy or sell a currency pair based on the data available on the calendar. In fact, the trader’s movements based on the data provided in the calendar can also impact the demand for goods from countries. Naturally, the higher the demand for goods, the higher the value of the particular nation’s currency. Simply put, for purchasing goods from a particular country, the buyer must first convert their currency to that of the country they are trading with. The bottom line is an FX calendar is a very useful tool that enables traders to make important Forex trade decisions. While this is a given, the FX calendar also impacts the Forex market making it an extremely vital tool for fundamental analysis due to its data releases. And, apart from Forex Factory, there are other FX calendars like Tradays, FXStreet, Exonoday, etc. So, which is the best economic calendar among a plethora of options? Let’s find out.

Which Economic Calendar Is the Best?

As we established earlier, there are many Forex or economic calendars in the market. Choosing the best that meets your trading requirements may get difficult. But when you consider certain aspects, determining the best gets convenient.

Consider the following questions and use the website version of the calendar to determine whether it would work for you or not.

Is the economic calendar easy to use? Does it have enough filter options for data releases? Does it support a myriad of time frames? Is it easy to customize the economic calendar based on the trader’s preferred time zone?

Most importantly, consider if the economic calendar is free to use and whether it has a mobile app or not. And if yes, is it compatible with both Android and iPhone. While Forex Factory is one of the popular calendars, there is another easy to use an economic calendar called Tradays. It is an online calendar and is also available as an easy to download mobile application for trading on the go.

A free forex calendar: How do you use Tradays?

Tradays is a free calendar with many easy to use features. It is customizable in terms of time zone and time frames.

Listed below are some of the salient features of Tradays economic calendar;

The calendar was developed by MetaQuotes Software Corp, the developers of the MetaTrader platform. The information showcased on the calendars is usually from the original sources, thus no licensing hassles. It supports over nine languages, including Germany. Also, most of the events can be easily translated into many languages used across the globe. It is easy to install, enabling widget users to incorporate it into their websites, blogs, etc., for free. It supports uninterrupted usage as it lacks ads. Also, any new event is instantly updated so that the user can make informed trading decisions in real-time.

Although there are many FX calendars, the trick lies in research and testing the calendar to determine whether the calendar would help you make trading decisions or not. Also, using the calendar the right way also matters to make the most of them. Below are some basic tips that would help new traders to learn how to use the calendar effectively. You can also explore the forex broker USA platforms that support calendar features & choose as per your need.

Tips for Using FX Calendars.

Identifying the Indicators.

Generally, economic calendars predominantly have leading indicators and lagging indicators that aid in defining the economic trend. Identifying these indicators is crucial for trading where leading indicators represent large financial adjustments and lagging indicators represent the past performances.

Study the Data.

Trades are made based on the trade movements, which reflect as data in the calendar. Make sure to estimate values by comparing the past data and forecast to understand the price fluctuations or volatility that would impact the market. The past data is important to rely on alongside the projected data. Thus, a thorough study of the data is of primary importance.

Determine the Factors that Affect Financial Markets.

Certain factors, like inflation data, GDP, employment data, to name a few, often affect financial markets across the globe. Make use of these factors to derive projected data on how the market will change owing to these events.

Apart from the above listed, news events also play a major role. Let’s understand their significance, which is as follows.

Trading News Events.

News events are basically the economic indicators that determine the risk involved and the level of risk. Nevertheless, high risk is often associated with high volatility where the gains are quite high.

The fact is that predictions are never 100% accurate. Nevertheless, they are an active aspect of fundamental analysis in trading Forex. While the calendars and trading strategies help, to a certain extent, what truly matters is studying the market for actual price movements to open and close trades.

Conclusion.

Economic or financial data is regularly released in the market where it likely causes price fluctuations. In other words, economic data is used as a trading signal prompting the trader to make informed trading decisions. While some data is accurate based on past occurring, there are also forecasts determined based on the type of event. And, Forex calendars are useful tools of fundamental analysis that contain past data along with predictions based on upcoming events. Such calendars are ideal for tracking economic data releases that may impact price movements of currencies. The aim of using FX calendars is to aid the trader make informed trading decisions. While this may be true, it is also important to understand that predictions in Forex are never 100% accurate.

FAQs.

Name some of the common trading strategies involving FX calendars.

While traders design strategies based on their experience and real-time data, oftentimes, they also use strategies that revolve around the economic calendars. Trading in the direction of the news release and scalping following the news releases with pending orders are some such common trading strategies involving Forex calendars.

What does trade in the direction of news releases mean?

Trading in the direction of the releases is quite common. Here, traders buy a national currency when the event is better than what’s forecast while they sell it when the value is lower than the projected value.

What is a Pip in Forex?

PIP or Price Interest Point in Forex is the price movement of a currency based on the currency exchange rates. PIP enables traders to determine the difference in the price value to create trading strategies accordingly.

What are some of the common features found in Forex calendars?

The trader’s time zone and also the exact time at which the news event or data is released; currency and currency pairs; actual value, expected value, and the previous value of the currency owing to the event are some of the commonly found elements in Forex calendars.