Why Economic Calendar is important for traders? OctaFX knows the answer!

July 24, 2015

The Economic Calendar serves as a handy tool for traders. The calendar displays market-moving events that are specified in date and time. Traders pay close attention to the announcement of different indices and indicators which may affect the market.

Why is it so important for a good trader to keep up with the world on a daily basis? While some believe that economic data is only useful for economic analysts and observers, mature and experienced traders use the calendar as a handy tool to get a better understanding of the market and anticipate its moves. The market tends to move due to the release of key economic data such as the GDP, US non-farm payrolls and CPI.

That’s why knowing and understanding the reactions of the market gives an excellent trading opportunity. In a nutshell, economic calendar is a simple and effective way to keep track of the information relevant for trading. OctaFX Economic Calendar is devised specifically for this purpose! We always strive for excellence, and work towards supplying you with the tools necessary for a smooth trading.

The navigation panel will ease the search. You can arrange economic events using different filters, and select your time zone. Experience OctaFX Economic Calendar and achieve great results in trading.

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