Be up-to-date on the forthcoming events and economic releases. Keep in mind, when the EUR/USD rate falls, the U.S. dollar is going upward, and vice versa. A flag icon indicates the country of the data release, and next to it, its currency. So you can quickly scan and see what currencies might be affected today or in some specific days.
Most appropriate article after what has just happened from the FOMC’s 0.25% rate hike. I want to dig deep here because what I just stated is the root of the problem with most new traders. At the end of the day, the market’s opinion is the only one that matters. Instead of trading what I think will happen or should happen, dotbig testimonials I’m trading what actually happened. So if we buy that pin bar, we’re technically buying the result of that surprise rate hike. We also provide additional information about the specific indicators and the graphs showing changes in value by month or year – click the indicator you’re interested in to learn more.
News Tab On Forex Factory
I didn’t expect the dollar to fail, but from my experience everything can happen and it happens. Also, my first job as a trader is to protect the money in my account. I do that by staying on the sideline during volatile news events. Once things settle down, I can begin looking for opportunities.
- After a weak number in September, the euro was holding its breath ahead of the October number, which was to be released to the public in November.
- This is a good option to buy if you actually have a view on whether the number will be stronger or weaker than the market’s consensus forecast.
- An expert in consumer credit and consumer rights, management strategy, and small business, she is a veteran editor of consumer and business publications.
- 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.
- In an ideal world, every trader has access to all market-moving information at the same time, and every day Forex Factory is working to making that a reality.
- When a new data is released, the calendar page is automatically refreshed so you do not miss it.
Fortunately, Forex Factory collects all the upcoming economic data, aggregate forex market data, and major news events and put them into an economic forex news calendar. The Forex Factory https://www.cnbc.com/money-in-motion/ calendar is especially important in an example like the below when there is a FOMC meeting, major news event or any other big economic news announcements like non-farm payrolls .
The next most important feature of the Forex Factory is definitely the Trade Explorer. It is a web-based interface that empowers traders to intelligently analyze their Forex trading performance and makes trading process easy. It facilitates potentially a seamless trade that can be analyzed in a rather intelligent way and offers the potential trades that might be taken in the nearest future or even now. Moreover, the trade explorer is automated in a way that it synchronizes with the brokerage account connected with it. The https://www.glassdoor.com/Overview/Working-at-Dotbig-EI_IE6535232.11,17.htm?__cf_chl_jschl_tk__=qA5WBtFZB.DokpqJvVO.s9MsQWzwBsaa4rvwvHZZ9aE-1641375506-0-gaNycGzNFtE was instrumental in completely changing the presentation of Forex news to traders and money market dealers. The News product introduced an entirely new concept of Forex news as tidings structure is built to accept any story posted on the website from the variety of sources including all members. 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.
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. Justin created Daily Price Action in 2014 and has since grown the monthly readership to over 100,000 Forex traders and has personally mentored more than 3,000 students. Forex news Place