Forex Factory And Its Pros And Cons

forex factory

Traders should not only look over the shoulder of others but also check their own trading from time to time and reflect on their decisions. The Trade Explorer makes this possible in a data-based way. This is linked to your own broker account and shows you how your trading performance is.

forex factory

By doing this, you don’t have to sift through the low-impact news to find the events that are likely to cause increased volatility. Many technical traders make the mistake of thinking that, because they take a technical approach to the market, they don’t have to pay attention to news events. found on the domain is one of the best known resources and a famously reliable forex calendar on the web for trading the news.

Is This Your Company?

ForexFactory has a consumer rating of 2.15 stars from 13 reviews indicating that most customers are generally dissatisfied with their purchases. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

  • First and foremost, the news calendar should never be used as a tool to help you enter the market.
  • The conversations themselves seem very friendly and constructive.
  • So a little familiarization with the calendar data is necessary.
  • To create your explorer, you need to connect your brokerage account where your trading data will be automatically imported.
  • The image below illustrates how you can expand the details of a given news event.
  • In fact, you may even want to add to your existing position at a better rate.

Of course, it’s the high-impact news that you need to pay the most attention. Put simply, when these are released, the price will often drop like a stone, skyrocket or do both. If you’re not particularly familiar with fundamental analysis, you can take a look at the expected impact symbol that is featured along with every event. Long story short, I saw quite some members trolling around, arguing on personal basis. I commented to the trader relation person (Mr. T) and the feedback was very informal and rude by standard of a company-managed forum. The forum content has been diverted into ego bloating show offs. Least professional forum management and trader relation handling I have seen among policed public forums.


With its own editorial team, enables traders to receive relevant news on their own topics always in real-time. The editorial team shows full commitment and actually works around the clock. In the news thread on the website traders can inform themselves about all topics related to Forex trading. So traders can inform themselves about fundamental analysis, technical analysis, or knowledge content. The latest and most popular news is also in sections that can be found quickly.

forex factory

dotbig usa is not afraid to put trading above all else. Promotions, tricks, buzz words, hype these tactics bring short-term gains at best. Forex Factory wastes little time in these areas because the company is focused on the long term. Decisions are made with at least a ten-year horizon, under the assumption that this habit will lead the company on a path to long-term prosperity. You can find out which brokers are particularly suitable for Forex trading using the Broker Comparison tool from Forex Factory. Using the broker comparison criteria company headquarters, year of foundation, regulation, platform, max. Level, min. trade, real-time spreads, and support options, you can find exactly the broker that suits you.

Filled With Broker Ads Everywhere

In addition, you will be shown what the minimum deposit is and what base currency is available. In various forums, traders can give each other advice and tips, as well as talk about current events together. It is always questionable whether the respective forum offers any added value at all. We have answered this question and have tested for you. Our experiences with the offer and the community are presented in this article. It doesn’t matter if you’re doing your first trades or if you’re a seasoned professional; you need to keep an eye on news releases. Without doubt, Forex Factory’s economic calendar is by far the best option.

How To Trade The News

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