The Forex Factory web site is a very popular site among developing Forex traders as shown by an Alexa rating of around 5,400 most visited sites on the web. Any site within the first 100,000 gets serious traffic!
Forex Factory provides 3 main services listed in my personal order of importance:
Calendar
News
Forum
Calendar
News
Forum
Calendar
The main attraction of the Forex Factory calendar of upcoming economic reports and fundamental announcements is that it is so visual and easy to read.A color coding system gives an indication at a glance as to how volatile the announcement is expected to be:
Yellow - Low Impact
Orange - Medium Impact
Red - High Impact
Another good feature of this calendar is the ability to customize the time to your own time zone. So instead of having to add or subtract a certain number of hours from GMT to arrive at the time of the economic report in your country, you can set the calendar according to your time zone and see the time accurately displayed.
This feature saves some confusion and prevents a newer trader from leaving a trade in around a volatile news report because of getting the time mixed up!
The main attraction of the Forex Factory calendar of upcoming economic reports and fundamental announcements is that it is so visual and easy to read.A color coding system gives an indication at a glance as to how volatile the announcement is expected to be:
Yellow - Low Impact
Orange - Medium Impact
Red - High Impact
Another good feature of this calendar is the ability to customize the time to your own time zone. So instead of having to add or subtract a certain number of hours from GMT to arrive at the time of the economic report in your country, you can set the calendar according to your time zone and see the time accurately displayed.
This feature saves some confusion and prevents a newer trader from leaving a trade in around a volatile news report because of getting the time mixed up!
News
A number of news reports are featured daily from authorities and advisors in the financial markets.Within a few minutes the trader can come up to speed on the latest economic factors that might impact the market.
A number of news reports are featured daily from authorities and advisors in the financial markets.Within a few minutes the trader can come up to speed on the latest economic factors that might impact the market.
Forums
The Forums at Forex Factory have a huge appeal as indicated by the thousands of users online each day.The forums are divided into various themes including:
General Discussion
Trading Systems
Broker Discussion
Forex Beginner Questions and Answers
The Forums at Forex Factory have a huge appeal as indicated by the thousands of users online each day.The forums are divided into various themes including:
General Discussion
Trading Systems
Broker Discussion
Forex Beginner Questions and Answers
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