Forex Factory is an online platform created for professional foreign-exchange traders. Its mission is to connect traders to the markets and to each other.
It does this by promoting transparency and providing education to traders. It also weeds out misinformation and bad trading strategies that can cost a trader money.
Calendar
Forex Factory is a free trading platform that offers a full suite of features including market analysis, trading forums, and a customizable charting tool. Its comprehensive set of tools makes it a must-have for anyone looking to take their trading to the next level.
One of the most important features is its calendar, which enables traders to keep track of the news events that could impact their trading. This feature is essential for all traders, whether they are technical or short-term traders. With this information, traders can make better trade entry placements that won’t be impacted by a widening spread or sudden news event.
The calendar is easy to use and can be accessed by visiting the Forex Factory website. Once you’ve logged in, you can view the economic calendar by clicking on the Calendar tab. From here, you can set the time zone to match your local time and filter the type of news and currencies you’re interested in. You can also choose the time format (am/pm or 24 hour “military” time) and save the settings so that you don’t need to change them every time you open the site. แนะนำโบรกเกอร์ Forex 2023
Once you’ve configured the calendar, you can browse through the event schedules for the past, present, and future. The platform allows you to set the date range by using the dropdown menu or by entering a specific year. It’s worth noting that the platform detects your time zone and uses cookies or member profiles to remember your selection.
Unlike other economic calendars, Forex Factory allows you to choose which country you’d like to filter by. This is especially useful for new traders who are trying to familiarize themselves with the various markets. The platform offers a variety of filter options, including currency pairs, country names, and event types.
Another benefit of the Forex Factory app is its ad-free experience. It also provides a distraction-free, sleek, and modern interface. Moreover, it has a fast load time and is compatible with most devices. It also supports multiple languages, including Arabic, Chinese (simplified and traditional), French, German, Hungarian, Indonesian, Italian, Japanese, Russian, Spanish, Turkish, and Vietnamese.Sentiment Indicator
Forex factory is more than just a place for traders to share trading strategies; it also provides an array of market intelligence tools that can help you make better trades. These include the sentiment indicator, which displays a visual chart showing the percentage of short and long-term traders. This can help you decide whether to go long or short, depending on your trading strategy. This can help you avoid a lot of risk and potentially increase your profits.
Another useful tool is the economic calendar, which lets you monitor global economic events in real time. This feature gives you up-to-the-minute data on everything from GDP growth to inflation rates. It also shows you a list of current economic indicators and historical data. Each entry includes a link to a more detailed report, an explanation of the indicator, release schedule, last released data, and a comparison with a previous report. The economic calendar is an invaluable resource for anyone who is serious about investing in the forex market.
You can use the alert system on Forex Factory to keep up with news and price movements, and it can be accessed from the header or your profile. It allows you to set up alerts for specific currencies or events, and you can choose how you want to receive the notifications (through browser notifications or email). You can also edit your subscription preferences by visiting the Comms window.
In addition to a new alerting system, Forex Factory has made significant changes to its content policies. These updates have improved the site's quality and usability, making it more user-friendly and easier to navigate. The website now features a cleaner layout and has more links to other services. The site is also free of advertising and spam, which makes it a great place to learn about the Forex market.
Another valuable tool that Forex Factory has is the Brokers tab, which provides a database of brokers. You can filter the results by various criteria, such as minimum deposit and language. It also displays a summary of each broker's relevant statistics. You can even find reviews from other users to help you select the best one for your needs.
Market Monitoring
Forex Factory offers a wide range of tools to help traders make better decisions. These include a trading calendar, a sentiment indicator, a trade journal and a broker search feature. These tools are free to use and are designed to provide a more efficient way to digest and understand relevant information. Traders can also monitor their current and previous trades through the Trade Explorer interface, which allows them to synchronize their trading accounts with the site.
The Forex Factory calendar is a powerful tool that gives you a full view of all upcoming and short-term global events that can affect the currency markets. This is particularly helpful for people who are new to trading, as it can be difficult to keep track of the many different news events that occur on a daily basis. This calendar is easy to navigate and can be customized for your own preferences.
Another useful tool on Forex Factory is its market tab, which provides a clear overview of all current and pending trades in the major currencies. It also displays the most recent price and volume data. This is a very helpful feature for new and inexperienced traders, as it can help them avoid mistakes that could cost them a lot of money.
One of the best features on Forex Factory is the fact that it allows users to create and maintain a trading journal. This is an important tool for any trader, as it allows them to keep track of all their ideas and past trading activities. By maintaining a journal, you can learn from your mistakes and improve your trading skills. This will ensure that you have a greater chance of making a profit.
The site also has a wide variety of other helpful tools, including an economic calendar and an advanced market monitor. The forum is tightly moderated and does not allow flaming, trolling, or fake news. It also has a reputation for attracting a community of intelligent traders.
The website also has a comprehensive set of user-defined time zone settings. These can be used to synchronize all timestamps across the website, eliminating the need for mental time conversions. The synchronized time is displayed in the header of all pages. In addition, there are options to match the time zone of your browser or mobile device.Market Tab
Forex Factory is a free tool that offers a range of tools for traders to help them navigate the complex and volatile world of foreign exchange trading. Its useful features include a currency-related news calendar, comparison tools, and the market tab. These features are essential for anyone who wants to succeed as a trader. They will help you avoid making rash decisions that could cost you a lot of money.
The market tab is an extremely helpful feature for any forex trader. This is because it provides a quick overview of the markets with a single click. This way, you can quickly check your positions and see if they are still profitable. In addition, it will save you valuable time.
Unlike many other news aggregates, Forex Factory’s news tool is focused on delivering only the most relevant market-affecting news in real time. The site’s round-the-clock editorial team ensures maximum quality and minimum noise. You can also use the news to track trend changes in the major currencies. The site’s forums are also a gold mine of information for the latest developments in the world of trading.
However, if you’re not careful, the forums can become a breeding ground for scammers and liars. The website has strict community guidelines, which means that members must be polite and friendly in their interactions. In addition, the forums are tightly moderated, allowing only a constructive exchange of ideas. The site also prohibits trolling, flaming, and fake news.
It’s important to remember that your username and most of the things you post on Forex Factory are publicly visible. This means that other traders can read what you have to say. As a result, you should be aware that your posts and comments could potentially lead to financial loss or other legal consequences.
Forex Factory also prohibits members from promoting commercial products or services in its discussions. Traders who do so may be suspected of being company shills, and action will be taken against them. Moreover, you should only operate one Forex Factory username at a time, as controlling multiple usernames is against the site’s rules and compromises the integrity of discussion threads.