Forex factory economic

Forex factory economic

09/04/ · The Forex Factory Economic Calendar. The Forex Factory calendar provides a list of news releases that impact global economics. The schedule includes significant news releases like: Housing data; Employment data; Inflation data; Interest ratesEstimated Reading Time: 9 mins Anticipate market-moving events long before they happen with the internet's most forex-focused economic calendar Why Forex Traders Need Economic Calendars. These are the 4 main reasons why Forex traders need economic calendars: Forex news traders need to know know what kind of fundamental news is coming out that has a great chance of impacting the Forex market and they want to capitalize (make profit) on the resultant market move that happens when the news is blogger.comted Reading Time: 7 mins

Forex Factory Economic News Calendar - 11 Things To Know

Here are the list of 11 Forex Factory calendar features that you should know about that are shown on this image:. I always set my time on Forex Factoryy website to my local time zone because the time you see there is not your local time zone. This makes it easier for my head not to calculate by converting the timezone there to my local time.

As mentioned, the time that you see here is not based on a different time so, if you want to, you can change it to match your own local time. All you need to do is click that link and you will be taken to a page where you can change the time zone settings so that the time in the Forex Factoryy website matches your local time on your computer:. This column list the currency pairs that are going to be impacted by the release of forex news.

For example, if Australia is going to make an interest rate announcement, any currency pair that is pegged to the Aussie Dollar will be impacted. This column simply tells the potential severity of the impact a forex news is going to have on a currency pair.

The impacts are color coded into 3 colors:. In the detail column, forex factory economic, you have a yellow folder icon. When you click that icon, a page opens up you can read a lot more detail about the particular news, forex factory economic, details like:. The actual column shows you the actual figures figures that were released during the news.

For example, if the Australian unemployment rate released was 5. Right after the actual column, you have the forecast column. The forecast column shows you what economists were forecasting BEFORE the news was to be released.

Now, both the forecast column and actual columns are really important because many traders react to the differences in the forecast and forex factory economic. How do you think the traders will react to that? The most likely outcome would be that there will be lots of buying. When you go to the graph column and click the graph forex factory economic, a page will show up showing you a graph of the actuals vs the forecast figures of the news from the past dates that were released:.

I should have placed the Forex factory calendar legend in the 1 spot but hey, I got distracted whilst writing this post so that means its going to make the last of the list. Right, on the legend on Forex Factoryy calendar simply tells you what each of the objects, forex factory economic, symbols and colors that you see on the calendar means:.

There are few others under the legend as you can see which I have mentioned here but are really self explanatory. You may also be interested to read about the 8 Amazing Facts About Forex Factory that Not Many Forex Traders Know About.

Only after the news is released and the market settles down then they start looking for trading setups to trade. Some Forex traders need to Forex calendar to move their stop loss closer to lock in a lot more profits when they know that a major news is about to be released because they know, the market can go either way, up or down and this can work against their current running trade and eat up whatever profits that they have accumulated so far.

Some Forex traders simply want to see what time and date the Forex news is going to be released and as that time is being approached, they exit all their trades. Forex Factory Calendar Feature 1: Time I always set my time on Forex Factoryy website to my local time zone because the time you see there is not your local time zone.

Makes sense? RELATED Forex Trading Training 8 THINGS TO KNOW FIRST. RELATED Top forex factory economic Best Forex Price Action Trading Websites Forex factory economic The Planet. Forex factory economic Article Next Article.

#9 How to use forex factory news - economic calendar forex

, time: 10:31

Economic Factors That Affect the Forex Market

Forex Calendar. Calendar Time Zone: America/New York (GMT -4) Printed Aug 22, at am (Filters Off) 09/04/ · The Forex Factory Economic Calendar. The Forex Factory calendar provides a list of news releases that impact global economics. The schedule includes significant news releases like: Housing data; Employment data; Inflation data; Interest ratesEstimated Reading Time: 9 mins Why Forex Traders Need Economic Calendars. These are the 4 main reasons why Forex traders need economic calendars: Forex news traders need to know know what kind of fundamental news is coming out that has a great chance of impacting the Forex market and they want to capitalize (make profit) on the resultant market move that happens when the news is blogger.comted Reading Time: 7 mins