The world of foreign exchange trading (Forex trading) can often seem convoluted and intimidating due to its inherent complexities. However, with the help of breakthrough tools like the DailyFX Economic Calendar, both beginners and professionals alike can efficiently track major economic events and announcements that impact the Forex market.

The DailyFX Economic Calendar is a comprehensive tool that combines a wealth of valuable information such as the schedule of economic events, their importance, previous data, expected forecast, and actual results once they are out. Thus, the calendar offers traders valuable insights into the potential trajectory of currencies, equities and other financial instruments.

What makes the DailyFX Economic Calendar exceptional is its user-friendly layout and in-depth details. The multi-dimensional tool has a default list linked to a detailed view of the events, where traders can dig deeper into individual news times. This enables traders to stay ahead of the market, as they can plan their strategies around these impactful announcements.

Key Features of the DailyFX Economic Calendar

The major features of the DailyFX Economic Calendar include:

• A detailed agenda of major global economic events: This data provides an in-depth look at events that can potentially shift the Forex market.
• Ability to filter events: Traders can choose to display only the events and announcements that are of interest to them.
• Exclusive online webinars: These programs provide further insight on currency market movement predictions.
• Forecast trends: By studying the forecast figures of the DailyFX Economic Calendar, traders can anticipate monetary market movements.

This tool can also serve as a fantastic starting point for those wanting to learn Forex for free. It is common for newcomers to feel overwhelmed by jargon-heavy technical analyses and perplexing financial forecasting models. However, the DailyFX Economic Calendar helps simplify these complexities, providing even a novice trader with a more comprehensible view of the Forex market.

Why is the DailyFX Economic Calendar Essential?

Financial markets are known for their unpredictable shifts and fluctuations which are often triggered by various political, economic, and social events happening worldwide. The DailyFX Economic Calendar provides traders a clear snapshot of such events, allowing them to adapt their trading strategies accordingly.

Having a tool that keeps them informed about the major events scheduled for each trading day, week, or month enables traders to anticipate potential changes in the market. This form of planning and anticipation is a quintessential aspect of successful Forex trading.

Moreover, the calendar’s ability to highlight the expected impact of each event helps traders manage their risk exposure effectively. By evaluating the potential outcomes, traders can make calculated decisions on whether to perform a trade, wait it out, or exit a current position.

In conclusion, the DailyFX Economic Calendar has become an indispensable tool in the toolbox of both amateur and professional Forex traders globally. It delivers valuable details of economic events that can impact financial markets, thereby empowering traders to make informed decisions and turning the complex realm of Forex trading into a more navigable journey.

Managed Forex Trading – Risks And Benefits

by

Matthew John

Managed forex trading is having someone else to manage your account and trades for you, it can be a professional trader, a trading company, or a forex robot. When you have extra money that can be invested instead of stacking in your bank account, this method is one of the best.

There are some benefits that you can gain from managed forex trading:

1. If you still have doubt, you can perform testing by opening a small account. There are companies that allow you to create an account for as low as $30 investment.

2. A good forex trading company is transparent, so you now what they do with your account, when they trades, how much their earning / commissions, profits and loss, what currencies they trades, what strategies that they used, etc.

3. If you choose professional trader, your money is managed by professionals who do trading as a living.

4. If you choose forex robot, your money is managed by tested software that has been proven to make profits from forex market.

5. A good company will also offer real time account management and report; this means you can ask for a detail reports for the trades at anytime you want and withdraw your money at your will. Note: for money withdrawal, it will still require some times to process.

6. If you dont know anything about forex market or you just simply dont want to bother with such details, you can just pass all the trades to the company/robot and waiting for the profits reports.

However, managed forex trading is not without risks. You have to aware that no trading company can give their promise to make profits for you in a paper with their company logo, CEO sign, and companys stamp. According to the law, it is forbidden to promise such things and this is put them in a secure position.

How? At the front page of a forex company website, usually you will see Managed by professional traders written with big fonts, but these are some points that you get when you click the tiny Risk Disclosure link way at the bottom of the page:

1. The possibility exists that you could sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You may be liable for losses that exceed the amount of margin that you post.

2. All opinions, news, research, analysis, prices or other information contained on this website are provided as general market commentary and do not constitute investment advice. We will not accept liability for any loss or damage, including, but without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

3. We have taken reasonable measures to ensure the accuracy of the information on the Web site, however, the company does not guarantee its accuracy and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the Web site, for any delay in or failure of the transmission or the receipt of any instruction or notification sent through this Web site.

Basically, according to this Risk Disclosure, they dont have any responsibility to make profits for you as the investor. They will take commissions or gain compensation from spreads with every trade they do; no matter that is a winning or losing trade. Basically, these people don’t have anything to concern in each trade while your money are on the line. This is a reality that really exist in managed forex trading.

With all that facts, you may be ask: Is it possible to have a managed trading account in a company and gain profits from it? Of course; but only if you can find a REAL trading company who aims to make profits for its clients. You have to be very careful when you trying to find this type of company since forex market are full of unskilled people who can spit very convincing bragging. They are the scam forex companies.

They are attract investors by promising various benefits and make him deposit his money, believes that it is the wisest step. This money is NOT really traded at the forex market; these fake traders only pretend to make analysis and trades based on current market data. These trades mostly contain of loss trades and they devised various excuses for their losses. After they have squeezed the investor dry, they will take cover behind the risk disclosure and move on to the next target.

It is not easy to spot these companies; I can only suggest you to be very cautious of these signs from a company:

1. Guarantee large profits.

2. Promise little or no financial risks.

3. Refuse to give their performance track record.

4. Engage high pressure tactics.

5. Encourage you to transfer money quickly.

6. They reach you by unsolicited phone calls, sometimes even through an outsource service.

With various risks behind it, managed forex trading is still a great way to invest your money. Just remember to be very careful on selecting your trader.

Be very careful on where you put your fund. Check

online forex trading broker

for clever ways to recognize a fake forex broker. Also, look at

free automatic forex trading system

to find out the best way to utilize free automatic system from your broker.

Article Source:

ArticleRich.com

Looking around today, you will easily find an endless number of people making huge profits through forex trading. Though most of them are those who have years of experience in this form of trading, but still there are few who are just beginners. But then, how are they able to earn money so quickly?

The answer to the above question lies with the advanced tool like forex software system trading that enables even the beginners to earn good money through forex trading. Today, millions of people are already benefiting from this tool and it is because of its relevance that even the experienced people go for taking its help.

If you also want to go for this trading software and if you want to know why you must go for it, then given below are the 3 reasons which you should consider:

• Offers full information of the prevailing market trends: The first and the most important reason to go for this trading software is that it offers full information of the prevailing market trends which further helps in taking the fruitful decisions.

• Helps in predicting future trends: With the help of good trading software, a person can easily predict the future market trends. This prediction helps a person to take correct decisions that helps in giving great returns.

• Helps in making the whole trading system simple: With other things, the biggest advantage of reliable trading software is that it helps in making the whole forex trading simpler. The information that is provided by the software is not just updated and accurate but is easily understandable as well. Thus, even a beginner can take the maximum benefit out of the information provided by the software.

Given above are the 3 reasons why you should also go for forex software system trading.