Reply To: Using economic calendars effectively for day trading

#192883
George@C12

    Learn the most impactful economic indicators that can affect market movements:

    • Gross Domestic Product (GDP)
    • Unemployment Rate
    • Consumer Price Index (CPI)
    • Central bank interest rate decisions
    • Retail Sales

    Plan your trading sessions around the release of key economic data and be wary of the ‘whipsaw’, where prices move quickly in one direction and then reverse.

    Set alerts for big economic events (many decent trading platforms support this). That way, you can stay updated without having to constantly monitor your calendar.

    I don’t think the economic calendar you use is important – they all largely contain the same events and filters these days.