Question

WECO - World EConomic calendar

describe the type of company that may use it and the types of job positions that require the use of that technology. Try to link outside of the boc and consider not only in miami but across the world..

has to be a minimun of 3 paragraphs!

Answer 1

WECO - World Economic calendar

The economic calendar is a calendar of dates of significant pre-scheduled events that may affect movement of individual security prices or markets in part or as a whole. Investors and traders use the economic calendar to plan trades and portfolio re allocations, as well as to be alert to chart patterns and indicators that may be instigated by these events. The economic calendar is available for free on multiple financial and market websites.

Traders and investors rely on the economic calendar to give them information to make better predictions of movement and plan trades for higher profits. Traders often time movement into or out of positions to correspond either with an announcement of some event or trend affecting the industry of the specific security, or with the heavy trading volume that often precedes a scheduled announcement. Following the economic calendar can be especially beneficial for a trader who wants to take a short position, because if they guess correctly about the nature of the announcement, they can open the position immediately before the scheduled announcement and then close it within hours of the announcement, instead of having to wait longer to close the position of the trend is stagnant or volume is low.

An economic indicator is a statistic that conveys certain information about economic activity. Economic indicators allow investors to analyses the economic performance of a state, country or region, as well as make forecasts about future performance.

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are typically announced or released in a report, have a high probability of impacting the financial markets.

An economic calendar is usually displayed as a chart showing the days, weeks and months of a particular year. Each day lists several market-moving events in chronological order, giving investors time to research and anticipate the specific release of interest to them.