It’s the crowd psychology that

forex factory

In forex, the sentiment is the combination of all the different attitudes of traders towards the different currency pairs. It’s the crowd psychology that makes dotbig review prices go up or down. 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.

forex factory

That said, for everybody outside NY, we recommend synchronizing the website with your local time, so you don’t have to do time zone conversions on your own. Of course, the potential profits can be lucrative, and there dotbig mention are strategies to take advantage of these situations. 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.

Guidelines For Interacting In The Forex Factory Forums

Orange stands for medium impact, and red is for high impact. High impact news are what traders love to trade as they create a lot of market volatility. Forex Factory is a highly complex platform that provides curated forex-marketing information to its users in real-time. The data provided here is highly versatile as it can contain anything from trading strategies, economic data, detailed analysis reports from the users, journals, etc. In this Scanner snapshot, we could note how the most recent price action of four out of the eight major pairs have been bearish, three being bullish, and one, particularly the GBP/JPY pair being choppy. We could also note how based on the percentage pair displayed the AUD/USD pair was the weakest, followed by the NZD/USD pair and the GBP/USD pair.

  • Specifically, thanks for mentioning the news calendar filter, so that we can focus only on high impact events.
  • We do not know which markets will be affected by these scheduled announcements until closer to their release date.
  • Economic events are important indicators for price trends and can therefore have a strong impact on one’s own trading decisions.
  • Both appropriate tools and a good community are located on the website and are waiting to be used by you.

Traders tend to trade with higher lots when they are convinced price is moving in a certain direction and tends to trade smaller sizes when they are not sure of their position. The same information, coming from trade decisions of live account traders, is also fed on the Positions tool. The Graph button allows us to view the historical comparison of the Actual, Forecast and Previous economic figures. This allows us to gauge how accurate the forecasts are for a certain economic data and the degree of its effect on a currency pair.

Top 5 Best Forex Swing Trading Strategies That Work

Forex News – the fastest breaking news, useful Forex analysis. By taking advantage of all these features, you can become an expert in trading who knows the ins and outs of their trading investments. There are a few advantages to maintaining a journal on the website as you can share it with other traders who can give you their valuable insight to you. Having like-minded traders interact with you can be a huge morale booster in the long run. One of the key mistakes a lot of online traders make is to not keep a journal with them.

forex factory

Overview We’re generally right here to reply issues, solve troubles and ensure you get probably the most out of one’s reviews you can check here account. The calendar can, nevertheless, be a great way to keep an eye on approaching gatherings.

What Is The Forex Factory?

Forex indicators refer to the tools and indicators that are used by traders to forecast or predict the movement of prices on the trade market. Additionally, this feature will be synchronized with the time zone that you had set earlier on the Forex calendar making it easier to make sense of the data that it provides you with. Live forex charts will be displayed on your screen showing real-time market updates for you to analyze and make decisions with. This is a trader’s sentiment indicator derived from Trade Explorer. It’s converted into a visual chart showing you how many % of traders are long or short . Identifying which position most traders on Forex Factory are on allows us to have a sample of what the market sentiment is. Although, the sample size might not be big enough to be definitive, the information given is already helpful.


When you get into the market, you will need to know all the terminology. The jargon of any industry is important if you want to succeed in an industry that relies heavily on terminology for efficient communication. All breaking news is rated high , medium , or low depending on the how much it impacted the market. You can narrow your search to brokers regulated by a specific authority from the settings window at the top left corner. In addition to all this, there will be corrections in every trend.

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