How To Trade Forex On News Releases

You may notice a shift in the sentiment indicator, but as long as the majority of factors are pointing in the trend direction, Forex you have nothing to worry about. In fact, you may even want to add to your existing position at a better rate.

forex factory news

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News Tab On Forex Factory

Please note that the explorer is only compatible with the MT4 and fxTrade platforms. The reason you should check your calendar each morning is because certain pieces of data tend to spark significant volatility in the market.

  • All else being equal the economic news should affect the currency as follows….
  • Be careful with the variable curr_year, it is quite possible that a given week overlaps two years, in which case the dt will be incorrect I believe.
  • Whether they were right or not not is determined by the “actual” figure that comes out in the actual column.
  • Learn how Forex Factory provides free trading tools and how to use them to gain a timely and quick overview of today’s markets.

After saving your settings, you should now see the correct time displayed in the upper right hand corner of the screen. If not, repeat step 2 to make sure your settings were saved properly. Forex fury December 1, 2017Very useful, nice one for keeping us up to date on your trading progress.

Economic Indicator News

A stack of numbers on their own is not just dull but mind-numbing. By studying dotbig testimonials the numbers, you can get a realistic picture of how you’re doing.

forex factory news

Fortunately, the Forex Factory team knows this, and that’s why they built the trade graph which makes it easier to understand critical aspects of your trading performance quickly. Not only does our brain process visual information more effectively than text, but visuals are also more compelling.