An economic calendar is an essential tool for every Forex trader. It lists key events like central bank meetings, employment data, and inflation reports, all of which can significantly impact currency prices. Plan your trading around high-impact events to avoid unnecessary risk or capitalize on volatility. For example, if the Federal Reserve is announcing interest rates, anticipate heightened USD movement and adjust your strategy accordingly. Avoid trading right before major announcements unless you’re a seasoned news trader. Being prepared with an economic calendar helps you stay ahead of the market and trade with confidence