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Follow on Google News | Forex Economic Calendar...Why is it important?Economic indicators are among the most closely watched pieces of news in the investment world.
By: Don Marriot Watching the economic calendar not only helps you consider trades around these events, it helps explain otherwise unanticipated price actions during those periods. Consider this scenario: it's Monday morning and the USD has been in a tailspin for 3 weeks, with many traders short USD positions as a result. On Friday, however, U.S. employment data is scheduled to be released. If that report looks promising, traders may start unwinding their short positions before Friday, leading to a short-term rally in USD through the week. For the best Forex Economic Calendar with up to date and advanced results visit http://www.forexfactory.com/ We offer a live trading room, forex trading signals and managed accounts. PFR said. "Essentially we are offering a one stop shop.. many traders come into the trial and see a system working live in action. take our months for January, February, March, April, May and June... not one losing month ... in fact these were record months for members in the live forex trading room trading foreign currencies... especially during a time when everyone was fearful of the Euro collapse as the headlines in the papers were saying". PFR also said today, for a free trial of the room simply go to http://www.proforexroom.com and register for a free trial where you will be given a pass to see the room live in action and see how a professional trader makes his trades. You can ask our traders questions and be guided in respect to the strategies and tactics they employ to trade for foreign exchange market. # # # Whether your new to currency trading or a seasoned trader, proforexroom is designed to either teach or follow alongside the traders in the room. Proforexroom is a live currency trading room each day during the European fx session in English & Italian. End
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