Reply To: Using economic calendars effectively for day trading
As mentioned by ‘TraderTim’, a popular third-party economic calendar to use is https://www.forexfactory.com/calendar
Many traders ‘specialise’ in trading high-impact economic events like NFP (NonFarm Payrolls), but it’s extremely risky.
I look daily at the excellent economic calendar built into my trading platform, cTrader, to ensure I don’t place a trade 1 hour before or after a high-impact event because of the potential to cause significant volatility.
Some day traders are very good at capitalising on big price movements, but it takes years of practise. I’m not very good at all.
