“He who owns the information - owns the world” -, is the acknowledged saying especially actual for currency trading. Every second in the Forex market takes place a set of processes any of which can reverse a situation by the most cardinal methods. Thus, for successful trading it is necessary to be aware of world events in economic, political and social spheres. GuruTrade offers you the opportunity to keep the track of Forex market key events in a business work environment.
All necessary information for successful trading you can find in the GuruTrade section “Analytics”. In the subsection “Brokers news”, you will find regularly updated information about Forex brokers, including bonuses and special offers, promotions, competitions, changes in trading conditions and trading schedule. Thanks to GuruTrade you shouldn't spend the time to visit the official sites of brokerage companies, all necessary information is already collected on our portal, allowing all users to get easy access to all data.
Another useful tool for traders is the Economic calendar. It allows Forex participants forecasting the fundamental factors connected with important points of world economic life without which the profit by the trader can considerably decrease. The economic calendar represents a data set about time and date of the publication of reports, releases, statistics or other events in the world of economics and finance capable of affecting the behavior of the currency rates. The schedule of the Calendar includes the forecast about the expected extent of events impact on the Forex market. In fact, the Economic calendar is peculiar “notebook” of the trader - the schedule in which dates of the most important events and their possible consequences are registered.
For each event in the Calendar are displayed basic indicators, a chronology of their dynamics, a ratio with the predicted value, a source of this information and extent of its influence (importance) for the Forex market. Often the Economic calendar is integrated into a trading platform where it can differ from the commonly accepted standard configuration of regular Economic calendars. There is a number of the industrially advanced countries with a powerful economic and financial structure events which are capable of rendering especially strong influence on the international exchange market. Such states macroeconomic statistics releases (including publications of reports or performance of officials) can suddenly change the balance of forces on Forex and provoke large low-predictable exchange rate fluctuations. Considering the scale and force of influence of similar factors, the Calendar contains dates and time of indicators on inflation releases, GDP, interest rates, and other, less significant financial and economic parameters of the most developed world powers.
To make the work with the Economic calendar, convenient possibility of filtering and sorting of data is realized. All information can be sorted by date of the news release, the degree of indicators importance, terms of trading sessions, the countries, etc. In the Calendar are displayed currencies, the period (date) of the data release, indicators in dynamics (previous, current and predicted). For correct use of the potential pledged in the Calendar, it is important to set the right time zone of the location in settings. It will allow to carry out the analysis on the basis of reliable data about the date and time of event's approach specified in the Calendar, providing the constituted forecast the accuracy and efficiency.
For GuruTrade users, we publish not only the Calendar of economic events, but also the Catalog of brokers with the list of the most reliable and stable participants of the exchange market, with regularly updated and the most current information.