Can someone help me with economic indicators?

<p id="isPasted">Indicators of the economy can help you understand where the economy is going. &nbsp;By using these indicators, investors can decide whether to invest or sell at the right time.&nbsp;</p><p>There are many types of economic indicators. The majority of economic indicators are released on a regular schedule and can be useful in certain situations. The three most important types of economic indicators can be grouped into these three categories.</p><p>Leading Indicators: Indicators that point to future economic changes are called leading indicators. The fact that they usually change before the economy does makes them extremely useful for predicting short-term economic developments.</p><p>Lagging Indicators: Typically, lagging indicators appear after the economy has changed. Generally, they are most useful when used to confirm specific patterns. Economic predictions can be made based on patterns but lagging indicators cannot be directly used to predict economic change.</p><p>Coincident Indicators: Coincident indicators provide valuable information about the state of the economy in a particular area because they occur concurrently with the changes they signal.</p>

<p id="isPasted">Economic indicators such as interest rates are reliable. Different nations have their own central banks that set interest rates for managing the economy.</p><p>As in the Corona pandemic, lower interest rates are used to boost demand and promote growth when the economy slows down too much.&nbsp;</p><p>When the economy grows too quickly and inflation rises, interest rates are raised to slow it down.&nbsp;</p><p>Since the pandemic started, interest rates have been lowered globally to boost economic activity. In order to maintain economic control, rates are now gradually rising across all nations.</p>

<p id="isPasted">Economic indicators such as interest rates are reliable. Interest rates are established by the central banks of various nations in order to manage the economy.</p><p>When the economy slows down too much as it did during the Corona pandemic, lower interest rates are used to boost demand and promote growth.</p><p>Similarly, when the economy grows too quickly and inflation rises, interest rates are raised to slow it down.</p><p>Ever since the pandemic began, interest rates have been lowered globally to boost economic activity. To maintain economic control, the rates are now gradually rising across all nations.</p>

<p id="isPasted">Economic indicators are statistical measures that reflect the state of the economy. They can provide valuable insights into the health of an economy and can be used to predict future economic conditions. Some common economic indicators include:</p><ul><li>Gross domestic product (GDP): The total value of all goods and services produced within a country in a given year.</li><li>Employment data: This includes indicators such as the unemployment rate, which measures the percentage of the labor force that is unemployed and actively seeking work, and the non-farm payrolls report, which measures the number of jobs added or lost in the economy.</li><li>Inflation: The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Central banks attempt to limit inflation and avoid deflation, in order to keep the economy running smoothly.</li><li>Consumer confidence: A measure of how optimistic or pessimistic consumers are about the economy, based on their spending and saving habits.</li><li>Manufacturing activity: Indicators such as the purchasing managers' index (PMI) and the Institute for Supply Management's (ISM) manufacturing index measure the health of the manufacturing sector and can provide clues about the overall direction of the economy.</li></ul><p><br></p><p>By tracking economic indicators, traders and investors can get a sense of the overall direction of the economy and make informed decisions about their trades.</p>

<p id="isPasted">Trading has never been a prediction game. First of all, because nobody can predict the future. Trading is a follower game. As a trader, you have to sit, observe and try to identify the psychology of the big traders on the market and follow them. Traders follow the movement but never predict the movement.</p><p>Indicators cannot make one a profitable trader. The main reason is, the reasonable threshold of indicators as we understand them, the earlier support and resistance levels, are breached, time and again, and then the strategy breaks down, giving away the profits, and accruing losses.</p><p>Expert Advisors and bots would be making a hell lot of profits if indicators worked all the time, which is not the case. The market is much smarter than these indicators and it would need smartness of another level to earn from the market consistently without blowing the account, in the long term.</p><p>The most important factors that can make one a profitable forex trader is risk management (smart position sizing), money management, discipline, control over emotions, and the ability to think in the shoes of both market makers and the majority of retail traders.</p>