Everyday before I start trading I always check if some important news are coming up on the calendar. My favorite tool is the calendar from forex factory. I will explain you how to use it quickly. Once I am on their main calendar page, I click on the current date, on the top left. Then you will see todays main news event. The next news coming will be highlighted by a little blue arrow to its left.
Personally, I only take into consideration the red news, meaning that under the Impact label, we have a red highlight. Its also possible to have some details concerning the news if you click the next column.
Btw when the news is about to get released, the Actual column will show off a little refresh button, so you can click that instead of reloading the whole page.
I thank you and look forward for further guidance.
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.