July 13, 2017, 4:10:30 AM EST
by Newsmovesmarketsforex Staff Writer
A live forex calendar can help you get real-time perspective into news and events that may impact your trading outcome significantly.
Unfortunately, many new traders believe that just because they understand the technical approach to Forex trading, they don’t need to pay heed to events and news in the global markets. And that is when they abandon a very important source of trading information!
It might not be imperative, but it is still quite advantageous to know what the market expects. A strong piece of heavy-hitting news can upset Forex markets immediately and for a very long period of time. This news can significantly impact an open position and may even lead to slippage and gaps, completely destroying pending orders.
Forex Calendar Can Save Money For Traders Every Month
So according to the all news and reports, all FX traders want two things more than anything else. They want:
- To know how make money
- To learn about tools that’ll save money
A live forex calendar or news feed is an important tool that’ll help you do both if used the right way. When you first started trading, chances are that once you placed a trade, you sat back and relaxed waiting for it to make money. And it did. Sometimes.
Other times, the markets moved too quickly to figure out what just happened and you’d lose the trade. This is live news affecting live trade, in action.
Have you ever found yourself in the middle of a losing streak, wondering if you are just a bad trader?
Well, you aren’t!
It’s just that you need to subscribe to a real-time forex calendar and forex news portal. The news can help you plan your trades according to any significant piece of news being released. An economic calendar too can give you access to important events that affect the FX trading world on a regular basis.
If you want to save money and make money as an FX trader, it is important that you consider investing in these tools.
Forex traders should be extremely aware that investing or trading in the foreign exchange markets encompasses a great deal of risk and may not be suitable for everyone. Prior to investing in the forex market one should access or consider your investment objectives, level of experience and risk appetite. One should only use risk capital, traders should never invest money that you cannot afford to lose.
Stay Informed – Let’s Get Started!
Economic data and market sentiments change often, and a forex economic calendar can help you stay on top of these developments on the daily. NewMovesMarketsForex, is your 24/7 news portal that offers live news and analysis, quick updates, commentary and educational articles that can help you interpret the economic news. Learn about technical analysis, politics, local events and more about the currency pairs you trade. Access the economic calendar here.