Economic calendar is a key instrument of traders, particularly traders in Malaysia with interests in keeping relevant to the market moving events. There are too many economic reports, news releases, and announcements that take place on a regular basis that it is difficult to follow. The economic diary will keep you on track and remind you of events that may occur in the next few days that could affect the currency, commodities, or stocks markets. The ability to know in advance what is going to happen makes the traders be able to make their trade plans concerning these events and they do not get surprised and can take advantage when the situation comes.

An economic calendar is a savior in forex trading. It monitors the most critical events such as interest rate announcements, GDP announcements and inflation announcements, which may radically shift the markets. It is important that a trader in Malaysia keeps track of this calendar. The performance of economic activities in major economies such as the US or China need not be felt in the markets of other economies but this will trickle down affecting every aspect of the market such as exchange rates and prices of commodities. Whether you want to trade in volatile conditions or stay off the market during volatile periods, you can be better informed by having the knowledge of such events beforehand.

The best thing with an economic calendar is that it is flexible. You are able to sort according to the level of impact or according to the markets you are trading in. As an illustration, when you are interested in forex, you can pay attention to central bank meetings or jobs statistics. Through timing your trades with these events you can benefit the volatility that they tend to cause. The calendar is such a proactive strategy development tool some traders in Malaysia go to the extent of using it to plan their points of entry and exit point when they seek to invest in a position.

Finally, a calendar of economic events is not only a list of events but also it is a tool that can assist you to predict market movement. Being a trader in Malaysia, you have to keep up with the market and calendar will provide you that advantage. There is a way to take advantage of this tool to navigate through a calm market environment and volatile market environment with the right preparedness.