The Forex Economic Calendar and how to use it effectively
The calendar provides economic information, covering events that include GDP, the consumer price index, and the Non-Farm Payroll report.
Knowing how to interpret the news from the economic calendar effectively is important to maximize your trading potential prior and after important events. Reading every piece of news in its default mode can be information overload and exhausting.
In order to avoid it, one thing to note is that events on the calendar are usually graded as low, medium, and high depending on the degree of impact it has on the market.
The next step would be to customize the calendar view and apply filters to fit within your interests. That can be done by setting your time frame and prioritizing the news of more importance which provides organization to your newsfeed and allows you to read the economic calendar with much more precision.