forex factory

This is great, quick insight, into the news before you have even clicked into it. As you can see above, we have switched it to our local time zone and preference, including 24-hour format.

forex factory

The Forex calendar news out of the United States is one of the busiest of them all. That column demonstrates what people were predicting before that news being released. https://www.britannica.com/topic/Bank-of-the-United-States You’ll see whether those predictions were correct or incorrect, and that’s measured by the “actual” figure information that is shown in the actual column.

Don’t Waste Your Time

First and foremost, the news calendar should never be used as a tool to help you enter the market. In other words, attempting to trade a news event for the volatility it causes is a surefire way to blow up a trading account. By now you should know how to configure your https://corporatefinanceinstitute.com/resources/careers/companies/top-banks-in-the-usa/ calendar as well as how to manage news events.

forex factory

The two factors are in turn affected by factors such as political stability of that country and the interest rates. As such, nobody can manipulate the currency prices in order to earn lucrative profits. However, you can still make money from the Forex market by learning more about the market and how to predict changes in currency prices. This way, the trader will earn profits from the changes in foreign currency prices. Everyone knows these days that the ECB has a problem with inflation in the Eurozone. As part of the ECB’s mandate, a normal inflation should hover around 2%. In this relation, levels of 1.8% or 2.2% are enough for a steady economic growth.

Select Your Timezone

To set the filter, click the “Filter” icon in the upper right hand corner while on the calendar tab. dotbig company While it isn’t necessary to study the news, it is advantageous to know when news is expected.

  • The main forums themselves are then subdivided again into different forums that deal with specific subject areas.
  • The services, products, and information that members receive are consistent and provided with impeccable quality.
  • You’ll see whether those predictions were correct or incorrect, and that’s measured by the “actual” figure information that is shown in the actual column.
  • Even beginners can make money on the Forex Factory platform.

Let’s finish up this tutorial by discussing how price action plays a role in all of this. When a high impact news event is around the corner and you have a position that is well into profit, you have more options. It’s much easier to ride out a major news event if you know your position is 200 pips in the money.

Economic Indicator Analysis

The https://websitevaluerank.com/dotbig.com/ Calendar is by far the most user-friendly and accurate calendar to keep track of Forex-related news events. By the end of this tutorial, you will know how to use the calendar as well as how to read it in a way that is beneficial to your trading. Because part of the fundamental analysis of Forex market is to trade expectations. In this case, based on the inflation data, expectations grew that the central bank will cut rates at the next meeting. Cutting rates are bearish for a currency and sellers step in.

Step 4: Selecting The Desired Time Frame

That will sustain people’s interest and prompt them to check back with you over and over again. Select the “Filter” option at the top right-hand side of the calendar, and you can quickly get rid of everything you don’t need. The Forex Factory is constantly evolving to meet the needs of its members. The services, products, and information that members receive are consistent and provided with impeccable quality. Forex Factory Blog The Forex Factory strives to offer the very best educational content available. There is never a dull moment at the Forex Factory, and you will always walk away with something useful for the market.