An economic calendar is a very useful tool in binary options trading. The calendar gathers all major statements by banks and governments that have an impact on the market. A standard economic calendar displays the daily or the weekly upcoming or past events usually categorized by the type of statement and the country that is effected by the statement. The calendar includes such statements like the FOMC statement.
Economic calendars are mostly used by traders to better assess the economic aspects that influence a specific market. It is usually advised to filter the low importance statements and to focus on statements that involve your market of choice.
The economic calendar is covered in an article about beginner traders binary options strategy named Forex fundamental binary options strategy.