Every week, different countries publish their macroeconomic reports. On Mondays, we highlight the upcoming data releases in our Economic Calendar.
Why should you keep an eye on this news?
When an important macroeconomic report is released, it affects major currency pairs.
Normally, a notable price fluctuation lasts 3-5 minutes, providing traders with excellent profit-making opportunities.
To make the most of our Economic Calendar, do your homework:
Write down the key events for next week and mark the ones you will use for trading.
Decide if you will trade in FTT or Forex mode.
Set an alarm on your phone not to miss the event.
Decide on the trade amount and duration. The recommended duration is 3-5 minutes.
Consider placing a pending order to open a trade at a specific time. Many Olymp Traders successfully use this feature when trading on the news.
We hope these tips will increase your profits.
Olymp Trade Investment
