Higher rates mean a higher currency, while lower rates are bearish for a currency. For a currency, it is all about the interest rate level. Hence, the Federal Reserve interest rate announcement and press conferences move the dollar. On a Wednesday, right after the London’s close, the Fed releases the FOMC Statement.This is a text describing the monetary policy. You can also get access to breaking news when you need it so that you can be aware of new information that could impact your trades. Yellow means the upcoming forex news will have a low impact. Brown means that there will be a medium impact depending on the forex news to come.

Every time to track your trades you can reflect on how accurate that flag pattern was, or whether or not they are supply and demand zones. The information generated from a journal is vital for an up and coming trader to succeed. Although you are looking at past data, you can use it to gauge how the market participants are reacting to certain data releases, which can give you an edge in the future.

Step 1: Getting Started With The Forex Factory Calendar

TeleTrader.com offers a mobile app called StockMarkets . In addition to multiple other things, it offers an economic calendar, which is much easier to use than the mobile web version.

You can first apply filters and date range, and the export function will respect those settings. Myfxbook — has an interstitial ad, a top banner, and a list of brokers below the calendar. Investing.com — has a forex banner above the calendar, multiple normal right-side banners, and a list of brokers below the calendar. DailyFX — the calendar belongs to the IG broker, so its banner can be seen just below the event list.

Event descriptions for the French version aren’t translated, while everything in both Chinese versions is translated. DailyFX — alerts can be created by adding the events to Google, Yahoo, iCal, or Outlook calendar in a semi-automatic way. Offers a mobile-friendly website that does a great job providing nearly the same information as the desktop version of the calendar. There is no mobile phone app for the BabyPips.com calendar. MQL5.com — by default detects the time zone via your browser. The time zone can be changed, but not saved without registration.

With the correct information entered and verified, you’ll be able to automatically update your performance via forex the website. You may receive helpful comments when you are doing something wrong and learn from the community.

Forex Factory Calendar Feature #3:  Currency Column

Rayner Teo is an independent trader, ex-prop trader, and founder of TradingwithRayner. CFDs are complex instruments and are not suitable for everyone as they can rapidly trigger losses that exceed your deposits. You should consider whether you understand how CFDs work. Please see our Risk Disclosure Notice so you can fully understand the risks involved and whether you can afford to take the risk.

• When new data is announced for an indicator, simultaneously, the revised value for the same economic indicator is reported.
• Forex Factory gives revised values alongside a small yellow triangle.
• This is achieved by synchronizing the traders’ broker accounts with the Forex Factory account.
• Alternatively, you can set a date range using a calendar, which lets you get some announcement data from decades ago.

Plus, you can enter your timezone so events are displayed in your local time. You should now have your time zone set and your filter configured the way you want. This is the span of time that will be shown on the calendar. After clicking the time stamp, you will be taken to a page where you can set your time zone.

No Open Positions Ahead Of A News Event

The symbols are the same as the forex news calendar so you will know what they mean instantly. CNY, EUR, GBP, USD. The rest are optional depending on what you trade – for example, if you trade JPY crosses then include JPY news events. Specifically, thanks for mentioning the news calendar filter, so that we can focus only on high impact events.

Trading Economics offers a detailed explanation of the indicator, a link to the official source page, a historic chart , a data table, and related news. The 11 Forex calendars presented below have proven to be the finest, both in form and in terms of content , and stand out from the hundreds available online nowadays. And most of it does not affect the markets as they are not a major news event. Forex Factory is more than just a place to find new trading strategies.

Trade Explorer: How Good Am I At Trading?

Hey Rayner, Thanks for this detailed post on the ins-and-outs of how to use Forex Factory. I totally appreciate what you mean about the beginners forex cycle, where traders just keep looking out for new trading systems. But as you’ve shown, there’s a lot more you can do on this site.

However, the tight control by the Forex Factory highly experienced editorial team makes sure that false news or falsely reported news does not make it to the readers. The Forums is one of the best offerings and the most notable products from Forex Factory as it is one of the busiest online Forums in the financial world today. Traders from every corner of the world can be found interacting on the forums, sharing ideas, teaching, learning, debating, https://www.marigoldrelaxation.com.au/moomoo-named-best-trading-platform/ and swapping real experience. You will be surprised with the variety of topics and kind of in-depth discussions which make these Forums a great platform to expand your knowledge base. Justin Bennett is an internationally recognized Forex trader with 10+ years of experience. He’s been interviewed by Stocks & Commodities Magazine as a featured trader for the month and is mentioned weekly by Forex Factory next to publications from CNN and Bloomberg.

All of the above can quickly help you analyse the market’s bigger picture for just a few minutes a day work. To check which currency is weaker, or which is stronger, forex factory news you can use the currency strength meter. You can just multiply your time frame by a factor of 4. Never wonder the other tools provided can also be useful.

This is very well known web forum in forex community and still zero attention from trustpilot ? Makes me wonder about the real reasons behind that, anyway I am putting 5 now. To follow the latest and most upto date fundamentals this is a great site for Forex traders. Therefore, the federal funds interest rate level is THE Forex news to watch.

Don’t forget, it is better to learn from one another, but if you are already profitable – don’t change your own rules and strategies to think someone else does it better. Not only that but you can become part of a community, make friends with traders and interact different trading ideas with one another. This is really useful if you want to understand the granular aspects of account performance, plus all it takes is 5 minutes to set it up and get going. The key behind having a trading journal is that it will keep track of all the past trades you have made, with a description of whys and outcomes. Click apply and you will have a new, more concise news calendar. The next thing we can change is the type of data we see in the news calendar.