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What is FundedNext’s Economic Calendar?
An economic calendar is a collection of previous and upcoming world news, global announcements, and impactful events that have an immense impact on the financial market. With FundedNext’s economic calendar, you can find out what is coming and will impact on a global scale.
Why do we have an economic calendar?
The FundedNext economic calendar has all the information that you might need as a precaution to maintain. On the economic calendar, you can find different currency pairs, week days, levels of impact and the limitation to trade or not.You can filter out the low-impact news or global as your preference.Stay up-to-date with the FundedNext economic calendar before taking each trade to avoid all the unfortunate events that might come with News Time. Do not trade during the restricted period.
Frequently Asked Questions
Why is the economic calendar important?
The economic calendar always keeps you up-to-date with the current global market conditions. As FundedNext has a News Rule restriction, you can prevent yourself from facing unpredictable losses during the news time. Set the economic calendar in “restrictions” to avoid those particular periods of trade.
How to read economic calendar?
You can filter the news and days on the FundedNext economic calendar. If you are an Intraday trader, then select the day you are on and the level of News Impacts (Low, Medium, High, Holiday) and you will see the Restrictions/ No Restrictions for the day.
And if you are an Interday trader, you can choose multiple days for a heads-up for the upcoming global news to have precautions.
How to trade with economic calendar?
In trading, the economic calendar plays the most important role for all kinds of traders. As highly impactful news and events create great volatility in the trading market, it is always good to avoid trading at this time of the day. It is good to take advantage of the news hours as it offers great chances to profit. However, on the contrary, it comes with significant slippage as well. Moreover, profiting during the news hours cannot prove a trader's consistency.