Forex traders, especially day traders use Forex Factory to keep up to date with the news that moves the forex market. 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. One of the great advantages of trading currencies is that the forex market is open 24 hours a day, five days a week (from Sunday, 5 p.m. until Friday, 4 p.m. ET). Since markets move because of news, Forex news economic data is often the most important catalyst for short-term movements. This is particularly true in the currency market, which responds not only to U.S. economic numbers, but also to news from around the world. Here, we look at which economic numbers are released when, which data is most relevant to forex traders, and how traders can act on this market-moving information. The next step is trading the forex market for professional forex traders using the economic calendar.
- Now, both the forecast column and actual columns are really important because many traders react to the differences in the forecast and actual.
- Your style is not exactly a match to mine, as I am developing pattern trader style, but a trend follower at the core.
- When it comes to trading the news, there are three groups of traders.
- The US economic calendar is the most important one since the country is the largest world economy.
- 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.
Apart from these features, the calendar also allows you to change the time zone to your local time. Too many words, too much information to read ,next time please make it short while message is passed .
Forex Factory Calendar Feature #7: Actual Column
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We mentioned earlier that trading news is harder than you might think. You can be making dotbig investments the right move but the market may simply not have the momentum to sustain the move.
Forex Factory Calendar Feature #9: Previous
Your style is not exactly a match to mine, as I am developing pattern trader style, but a trend follower at the core. I learn something for consideration https://www.cnbc.com/money-in-motion/ every video I watch, so it’s always of value to me. I hope you’ve realized that Forex Factory is more than just a forum to learn new trading strategies.
The most likely outcome would be that there will be lots of buying. 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 https://editorialge.com/dotbig-ltd-review/ time. A quote currency, commonly known as “counter currency,” is the second currency in both a direct and indirect currency pair. A currency pair is the quotation of one currency against another.