How To Trade With The Calendar?

A quick video on how to get the most from the Calendar and other useful features.
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We’ve had a couple of questions about the calendar. And also a couple of questions about the Forex Factory and we did a video on Forex Factory as well so make sure to check that one out if that is something that you’ve wondered about.

So, we’ve had a couple of questions asking whether trading with something like the free calendar, whether we think it’s a good option, as opposed to many of the other options out there.

Now, to be honest, there are plenty of great free economic calendars out there like Forex Factory, like Myfxbook, like Trading Economics, So, it really comes down to which one works best for you.

I prefer to use the economic calendar from Metastock Zenith just to show you guys what that one looks like for those of you that don’t know, this is basically the one that I use for for Zenith. Of course, this is not a free calender, it’s a pay subscription, but it’s not a must have, depending on the type of requirements that you have from a economic calendar.

So, let’s quickly jump over to I think a good place to start like we did with you Forex Factory. I wanna just to take a quick look around the navigation of the calendar, where we can choose different settings et cetera. The first one as always is gonna be the date, now, the date option is this one over here you can either select today, tomorrow, this week, next week, and obviously a calendar option for you to select a predetermined date range which is very nifty.

Just like Forex Factory you can change your local time which is important. So make sure to change your GMT to whatever your local time frame is to make sure that you’re always watching or that the data is presented in your local time.

Now, reading the layout is quite simple, very simple, you have the date, obviously, on top you have the time when it’s coming out, the currency that is expected to impact, the impact ratio like most of the free calendars out there, take this one with a pinch of salt, it’s not always gonna be as accurate. Obviously these ones are more generically chosen, so, if it’s something like inflation or GDP, it’s always gonna have a high impact ratio, but depending on expectations, anticipation, the sentiment, the fundamentals, it might not always be important as you know. So just take the impact with a pinch of salt.

Then of course, you have the actual events so what the event is called, when it’s coming up. Then you have the forecast and the prior like most of the calendars out there.

Now, it’s also nifty is if you click on any one of these data points, it actually opens up a separate window and gives you a little bit more information on what exactly the the event is about like most of the calendars do so very nifty trick to get a little bit more context on the event, also seeing a chart of the most recent train of that data very, very handy. And apart from that below, you also have some news of it, recent news articles that talk about this specific indicator, which is very handy.

So if you have this coming up, always a good idea to just pop in, have a quick scan through these articles see exactly what the prior info was with regards to that particular event. Now, what’s also great about the calendar for me is if we just go to tools we can see apart from, just the economic calendar, they also have other economic calendars, which is very handy.

So apart from just the economic one, you also have a holidays’ calendar. So this will actually show you, what type of banking holidays you have coming up, obviously, that’s gonna be important from a market liquidity point of view, also very handy from a equities point of view. And of course, how that can influence currencies, comes back to risk flows, or risk sentiment is an earnings calendar. So it actually shows you what type of earnings is coming up in the week ahead.

So, lots of additional information on the site. Apart from the calendar, you can also set up your own portfolio which is quite nifty as well, if you click on portfolio, you have different options.

Now the one that I’ve set up here, basically looks at all the various or different asset classes equity, equity futures is the first one. Looking at all the major equity futures markets around the world, obviously very important from a risk sentiment point of view.

We also have commodities, I’ve set up one for volatility as well, looking at some various volatility matrix, keep in mind that some of these have actually been discontinued, so just keep that in mind. Also have bond yields day as spreads and of course, currencies, I set up this currency, basically tracker to resemble the one that we have in Zenith.

So all of that information that we have here in, all of these various asset classes and various metrics, all combined in this one sheet, obviously, that’s what I prefer something like Zenith everything is a little bit more user friendly, so to speak, but by all means, if you can find the information for free, then use it, by building your own portfolio, it’s also a handy trick there, so, all in all, a very handy and free economic calendar, which is the one, which has many other benefits and features as well, like we’ve seen.

Again, with most of these free calendars, it might not always be as fast as some of the paid calendars and might not have the same type of depth in terms of features or maybe the same type of user friendliness, like something like Zenith like we’ve just seen. But for those looking for a free calendar, or some additional benefits, this is definitely a great option to keep in mind as well.

If I didn’t have access to Zenith I probably would have, used something like as an alternative. So, hope that helps for the questions. Any other equations out there, please let us know.

Also for the portfolio specifically, we actually did do a video of exactly how we set this up.

So, for those of you that want to see that just go to the video library in the terminal, open up the video Q&A archives, and just search the it’s either gonna be or it might be something like, just search asset classes it should be under one of those names you can see a rundown of exactly how we set that up in as well. Any other questions guys, don’t hesitate to let us know.

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