An economic calendar is an essential tool for every Forex trader, helping you stay informed about upcoming events that could impact the market. From central bank meetings and interest rate decisions to GDP releases and employment reports, these events can cause significant volatility. Use the calendar to identify high-impact events and plan your trades accordingly. For example, if a major news release is expected, you might choose to close your positions or tighten your stop-loss levels to avoid unnecessary risk. Alternatively, some traders use the volatility to capitalize on large price movements. Whatever your approach, understanding the economic calendar allows you to trade with confidence and avoid being caught off guard by unexpected market shifts. Stay informed, stay prepared, and use the calendar to your advantage