Monday, 21 March 2011

Economic Calendars

Economic calendars are essential to any trader. They provide information about the upcoming economic events that might affect markets, events that good traders take into account when creating their trading strategies.

My free economic calendar of choice is provided by bloomberg, and can be found here.


This particular calendar shows a good level of detail on each event and accurate ideas of the markets predictions. Generally, if a report for example is predicted perfectly by the market, then the release of information should do very little to the financial product price.

The events vary in importance, there are some that I try to avoid when trading. If a GDP report for the U.S is due to be released the next day, and I have no predictions for it, then I will not be as inclined to short term invest in a stock as the report could have a dramatic influence on its price. Alternatively I could have a prediction for an event and invest accordingly.

So I urge you, if you start, or already are trading, please use your economic calendars!

15 comments:

  1. very informative, thanks!

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  2. huh, i didn't even realize these existed. im not into trading but who knows, this might come in useful later. followed!

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  3. Thank you for these helpful tips. Followed. Looking forward to more.

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  4. Morning Star is also good for keeping track of stocks. It's really informative.

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  5. thanks EmoGoth, I'll check it out.

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  6. useful information. followed

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  7. cool thats a nice informating post

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  8. capitalism is just wrong... maybe we can have a debate about this? i have a blog too were im trying to give a different perspective about money... maybe you wanna check it out!

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  9. Kim, I think it can be wrong, but it can also be very powerful, and if its around, lets make the best of it! I'll check out your views on your blog now

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  10. finally some good information!

    Followed :)

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  11. Bloomberg is legit. A few years before I even started investing I would read bloomberg and the wall street journal to see if I could pick out any trends. Best idea...BUY BUY BUY when the market is in the crapper...it will come back around.

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