Introduction to TradingFinder's Forex Economic Calendar Tool
This service on the TradingFinder website displays financial market-affecting events in a list format on a weekly/daily basis with date and time.
There is an option to select a preferred time zone for the calendar along with filtering events based on country. This tool is free to use.
Key Features of TradingFinder's Economic Calendar Tool
The Economic Calendar tool on TradingFinder offers traders the following capabilities:
- Explanation of Events: Display of "details" for most events;
- Navigation between days and weeks: Access to options for quick jumping to previous or next days and weeks;
- Multiple Time Zones: Various options for setting your preferred time zone on the calendar;
- Global coverage: More than 150 countries.
Understanding the Economic Calendar Table Values
TradingFinder's Forex Economic Calendar tool displays 4 parameters for each event in addition to Event Start, Market Name, and Event Title:
- Impact: Event importance level and its effect on related financial markets in 3 levels [low, medium, and high];
- Actual: Official rate announced by the country for data in the current period;
- Forecast: Predicted value for data in the upcoming period;
- Previous: Officially announced rate from the previous year/period of the event.
How to Use the Forex Economic Calendar Tool? User Guide!
Here are the steps to use this tool:
- Set time zone: Select your local time from the "Time Zone" menu at the top of the calendar
- Filter events: If needed, click the funnel-shaped button on the left side of the page to filter the calendar based on country and impact level
- Select day or week: Through the options above the list, specify the day or week to view events.
In addition to being available on-site, this Trading Finder tool is also available as Economic Calendar Mini App and Forex Economic Calendar extension; You can use them for free.
Purpose and Importance of Economic Calendar
Events such as interest rate decisions and CPI reports published in the forex economic calendar are the primary motivators for financial markets' volatilities; analysts determine the entry and exit points by combining these data with technical indicators and risk management. Additionally, the economic calendar is useful for:
- Predicting market and price trends;
- More precise risk management;
- Identifying Market Sentiment in countries.