Become a wise investor with ForexFactory

ForexFactory is an extremely useful web-based trading support tool. This is also a rich store of knowledge for all traders. In the article below, Learn Forex Trading will guide you to explore important features of ForexFactory news. Also provides some tips to help you use this tool most effectively.

Why is ForexFactory indispensable for professional traders?

ForexFactory is one of the most visited financial websites globally. With a revenue of up to 10 million USD per year, it has reached the top 4 most famous websites today in the Forex market field. Including Forex Factory, TradingView, my books, and Investing.

What is ForexFactory that is so trusted?

Forex Factory is a website that supports investors in the field of Forex and stocks. It provides the following features:

• Quickly update news from the market.
• Quickly and effectively view important economic news.
• Track and analyze trading results from your MetaTrader 4 account effectively.
• Join the forum to discuss trading strategies, and trading systems and build trading support tools.

This website acts as a “factory” for traders in the fields of Forex, stocks, and CFDs. It provides the feature to view exchange rate fluctuations directly on the chart. Along with that are basic technical analysis tools.

In addition, Forex Factory also creates an extensive discussion community about trading techniques. At the same time, it also assists in creating indicators for trading platforms. Examples include MT5, MetaTrader 4, NinjaTrader, and many other platforms.

The benefits Forex Factory News brings

Forex Factory is more than just a reliable source of information. This is also a strong community and useful tool to help users capture and make the best use of trading opportunities in the foreign exchange and stock markets. Let’s take a look at the benefits that Forex Factory brings to users:

ForexFactory economic calendar provides the fastest news for traders’ trading

First, ForexFactory ‘s economic calendar does more than just provide quick information about important economic events. It also allows users to schedule and track these events most conveniently. This helps traders prepare and react promptly to market fluctuations. Thereby optimizing trading opportunities and minimizing risks.

Exchange and learn from experience on the ForexFactory forum

Forex Factory’s forums are a diverse and vibrant community. A place where traders can exchange experiences. At the same time, you can also share effective trading strategies and learn from each other. Interaction and discussion on the forum not only help expand participants’ knowledge and understanding. It also creates a positive environment to promote their professional development.

ForexFactory supports finding quality trading exchanges

Forex Factory’s support feature for finding quality trading exchanges is an important part. Especially for beginners or those looking for a reliable environment.

When participating in the forex and stock trading markets, choosing a trustworthy exchange is one of the most important decisions a trader can make. The exchange is where transactions are made. Therefore, the transparency, reputation, and fairness of the exchange are very important.

Forex Factory provides a platform where users can search and compare industry-leading exchanges. This includes detailed reviews of the exchanges. Includes information on transparency, trading amenities, fees, and commissions. At the same time, it also provides feedback from the trading community.

In addition, Forex Factory also provides independent reviews and reports on trading platforms. To help users have a comprehensive view of the benefits and disadvantages of each exchange.

Before using Forex Factory, you should know about some basic elements of its interface and features:

What parts does the ForexFactory interface consist of?

Forex Factory’s interface includes the following sections:

Track progress and currency pair rates through ForexFactory Trade

Similar to other areas, this section is also divided into three main sections:

Trade Feed (trade orders):

• This is where the trading orders of members registered on ForexFactory are publicly displayed if they choose to share this information. Conversely, you can choose privacy so you can see your transaction information.

Profit rankings:

• This ranking sorts members by their account % growth rate. That is, whoever has a higher % growth rate compared to the initial capital will have a higher rank.
• You can view rankings by time (week, month, year) and account type (demo, real).
• To appear in the rankings, you need a capital of 100 or more.

Position of currency pairs:

• This section displays trading information for the 8 most popular currency pairs. Includes EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, NZD/USD, and GBP/JPY.
• You can see the total trading volume and the number of traders participating in each currency pair at the moment.

Catch Forex market news with the news section

When you notice a sudden and sharp movement in the market without prior information from a scheduled economic bulletin board. That’s when you need to immediately check the news section on Forex Factory.

ForexFactory News compiles information about important political events and press conferences. As well as sudden developments from different countries. When important news is announced, the news section will be highlighted in red. The signal tells you that important information has just been released.

All information on Forex Factory News is always updated quickly and accurately. Made by an experienced editorial team.

Nowadays, the market no longer reacts strongly just because of scheduled economic events but also because of unexpected news announcements.

Therefore, we recommend that you regularly update and follow the news in this Forex Factory News section. This is as important as the message board on the ForexFactory Calendar. Because unexpected factors can confuse and upset the market. This leads to strong price fluctuations.

Check market information thanks to the Forex Factory economic calendar

This area is important because it provides information about economic factors that directly affect the currency you are trading.

This place includes two main parts:

• News panel: Displays all news related to the coin. Provide technical parameters and indicators.
• Sidebar: Includes a customizable timetable and navigation menu for economic calendars of other sectors.

  

• News release time.
• The currency to which the news pertains.
• The importance of the news.
• Content of news.
• Specific data related to news.
• Predictions and actual results of news.

You can customize the type of news you want to see using the Filter button. You can then choose to display the specific currency pairs, importance, and type of news you are interested in, or leave that out.

To see detailed information about a specific news story, you can click on the icon in the red box below. Specific information will be displayed in a yellow frame below.

Monitor Forex market charts with Forex Factory Markets

Similar to other areas, this section is also divided into three parts including:

Scanner:

• The scanner will allow up to 8 rows and 8 columns to be displayed. Includes information such as buy price, sell price, and spread.
• You can customize the chart display time and the Pip number that changes with each time frame.
• The volatility percentage for each timeframe is also displayed.

Chart:

• You can choose one of the currency pairs you are interested in and display it as a candlestick chart.
• Basic drawing and analysis tools are also provided.
• Time frames vary from 1 minute to 1 month. You can also change the color in the settings.

Market sessions:

• This section displays a 24-bar time frame corresponding to 24 hours.
• Includes four sessions: Sydney, Tokyo, London, and New York.
• Clear identification lines show where the current market session is taking place.

Note that in winter-spring, there will be a time change due to daylight saving time.

This area is a list of brokers introduced by Forex Factory.

All brokers recommended by Forex Factory must comply with certain criteria set by Forex Factory. This includes being regulated by reputable regulatory agencies.

However, you also need to be aware of that to appear on this list. Brokers must pay a fee to ForexFactory for listing. Therefore, whether it is completely reputable or not cannot be certain.

What are the parts of the ForexFactory ecosystem?

Fair Economy, Inc. is developing four main ecosystems including:

• Forex Factory Calendar: Focuses on the Forex market, providing information and calendars about events and economic indicators related to the foreign exchange market.
• Crypto Craft: Covers the cryptocurrency market. It provides services and information related to cryptocurrency and blockchain.
• Metal Mine: Focuses on the metal market such as gold, silver, and other precious metals. provide necessary data and information for investors interested in this market.
• Energy EXCH: Focuses on the energy market, providing information and services related to oil, gas, and other energy sources.

How important is Forex Factory news? How to use ForexFactory correctly?

News from Forex Factory is of great importance for traders and investors in the Forex market. 

• Market updates: Forex Factory provides timely information on important economic events and indicators from countries around the world including world oil prices. To help traders clearly understand the market situation. From there, you can make effective and reasonable trading decisions.
• Influence on price: News from Forex Factory often causes significant fluctuations in the Forex market. Understanding and properly reacting to this information can help traders take advantage of trading opportunities. Besides, it also helps avoid unnecessary risks.
• Create a knowledge base: ForexFactory not only provides news but also a large community with discussion forums. A place where traders can share experiences, learn from each other, and develop their trading skills.

Instructions on how to view Forex market news from ForexFactory

To access the news, simply click on the “News” tab. You will then see a lot of different items organized into categories. Include:

• “Latest Stories”: This is a collection of the latest news.
• “Hottest Stories”: The hottest, most interesting news.
• “Most Viewed 12H” in the “Fundamental Analysis” section: Most viewed fundamental analysis articles in the past 12 hours.
• “Latest Liked” in the “News” section: The latest news that users love.
• “Latest Stories” in the “Entertainment News” section: Latest entertainment news.
• “Latest Story” in the “Educational News” section: Latest transaction-related news.
• “Most Viewed 12H” in the “Breaking News” section: The most viewed “breaking” news in the past 12 hours.
• “Latest Stories” in the “Technical Analysis” section: Latest technical analysis articles.
• “Latest Story” in the “Forex Industry News” section: News related to the forex industry.

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Switch the time zone to display Forex Factory news accordingly

To convert the time zone, display news on ForexFactory to match your time zone. You can perform time conversion with the following steps:

• Log in to your account: First, you need to log in to your account on the Forex Factory website.
• Select Time Zone: In the upper right corner of the website, you will see a time box icon (default is GMT zone). Click this icon to open the “Time Zone Settings” window.
• Set New Time Zone: In the “Time Zone Settings” window, you can select a new time zone that matches your time zone. You can select a specific time zone or select “Auto Detect” to automatically determine the time zone based on your location.
• Save Changes: After selecting the appropriate time zone, click the “Save” or “Apply” button to save the changes.

After performing the above steps, your time zone displayed on Forex Factory will be updated to match your time zone. This is to help you monitor market information more conveniently and accurately.

Notable events and topics on the Forex Factory economic calendar

• Retail Sales m/m: Retail Sales measures the fluctuation in the value of retail sales adjusted for inflation. This is an important forecast indicator of consumer spending. It has a major impact on overall economic activity.
• PPI: Producer Price Index (PPI) measures changes in the prices of manufactured goods. This is the leading indicator of commodity inflation. It plays an important role in overall inflation.
• FOMC: The Federal Reserve Open Market Committee (FOMC) is the agency that decides the Fed’s monetary policy. FOMC decisions affect interest rates and other economic factors. At the same time, it is closely watched by financial market traders.
• CPI: The Consumer Price Index (CPI) measures the fluctuations in prices of consumer goods over time. CPI is an important tool to measure inflation. This is a key index in monitoring market stability.
• Non-Farm: Reporting on the labor force excluding agriculture (Nonfarm Payrolls – NFP) is an important indicator to assess the level of employment in the economy. NFP fluctuations can signal economic growth or recession.

See more: Instructions for registering an Exness account

How to register a ForexFactory account?

You can access information on Forex Factory without having to register as a member. However, if you want to customize information according to your personal preferences, registration is necessary. Once registered, your settings will be remembered. You don’t need to readjust them each time you visit.

Becoming a Forex Factory member brings many advantages along with terms of use. While membership is free, failure to comply with site rules may result in an account ban. Before participating in any discussion, you should carefully read and comply with the rules. Avoid Spam and Scams in all forms. More details about scams can be learned here.

Is there a fee to use Forex Factory News?

No, using Forex Factory News is completely free. The information on this website, including an economic calendar, market news, and analytical tools… All are provided free of charge to users. 

However, if you want to take advantage of customization features and other offers, you can sign up for a membership at Forex Factory. This is also completely free.

Experience using the news ForexFactory provides 

ForexFactory Calendar is considered an indispensable tool in the Forex trading world. It provides a complete and detailed economic information calendar. To help traders track economic events and indicators around the world. From these data, traders can evaluate the impact of economic information on the currency market. From there, users can make appropriate trading decisions.

Registering as a member of Forex Factory brings more benefits to users. You can customize the interface and display information according to your personal preferences. Besides, registration also helps you store your personal information and settings. To help save time and improve user experience.

Forex Factory News is another important source of information that traders should pay attention to. This section provides the latest economic and financial news from many reputable sources. It helps you capture sudden and hidden fluctuations in the market. This feature is especially useful when the market is highly volatile without regular news. Helps you make accurate and timely trading decisions.

Finally, choosing the display time zone that matches your time zone is important. Make sure you can enter the market at the most appropriate time.

Overview of remaining shortcomings of ForexFactory

ForexFactory News is a useful tool for Forex traders. However, it also has some remaining disadvantages that need to be overcome such as:

• Update time: Although Forex Factory provides information quickly. But sometimes information is still not updated fully and promptly.
• Information bias: Some information on Forex Factory may be biased or not highly accurate. Due to the influence of the personal opinions of members of the editorial team.
• Complicated interface: Forex Factory’s interface can be complicated to use for those new to trading. This makes finding information and using features difficult.
• Potential for inaccuracies: Although efforts are made to provide information from reliable sources, the absolute accuracy of all information on Forex Factory cannot be guaranteed.
• Cost and subscription requirements: Some features and services on ForexFactory may require a fee or premium membership to access. This reduces the platform’s appeal to some users.

Conclude

ForexFactory is an indispensable tool for professional traders. This is their trusted companion. Carefully study how to follow news and events announced daily and weekly on ForexFactory to be able to promptly react to market fluctuations during analysis and trading. Learn Forex Trading hope the above information will help readers in their investment process!

Frequently asked questions

What is the highlight feature of ForexFactory news?

Forex Factory’s standout features include a detailed economic calendar, fast forex factory market news and analysis, open discussion forums, and technical analysis tools.

How to use ForexFactory to find quality exchanges?

You can use the “Broker” section on the website to search. You can then compare exchanges according to criteria such as reputation, trading conditions, and user reviews.

How to use ForexFactory news to read and understand the economic calendar?

You can visit the “Calendar” section on the website to see a detailed economic calendar. Includes key events and their impact on the market.