Forex Factory is one of the most popular sites for forex traders online today. Its calendar provides great information for all types of traders. Using it will help you to understand the impact of news on the market, which could reflect on increased profit on your account.

So, how do you use the Forex Factory calendar? We explain all you need to know in this video:

1:11 Forex Factory Features.
1:56 Economic Calendar Navigation
3:29 Economic Calendar Features
5:49 How to Read an Economic Event
10:00 Changing Time Zone Settings
10:47 Using the Event Filter

Link to full guide: https://www.forexboat.com/fore....x-factory-economic-c

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Economic Calendar Tips For FX Traders. What is a forex economic calendar? If you're trading fx you will probably be familiar with the economic calendar. This is a calendar of scheduled economic data releases from different countries. These are announcements that look at a variety of different things like the interest rate announcements, jobs numbers (non-farm payrolls..etc), CPI, PPI..etc and these potentially effect the price of the currency pair you are trading.

- Filter for yoru pairs
- Avoid holding data over data that are new/tight
- Understand what data is important and which is not.
- Use data as a starter to conduct analysis from.
- Plan how you will/won't trade after a major move.

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In this video, we'll show you how to use the Forex economic calendar to stay on top of the latest economic events and data releases that can affect currency prices. Whether you're a beginner or an experienced trader, understanding how to read and interpret the economic calendar is essential for making informed trading decisions.

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A quick video on how to get the most from the Forex Factory Calendar.


We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.

You understand the markets and trade with confidence. Learn more at our website here: https://financialsource.co


We have a subscriber here saying that they currently they're not using something like MetaStock Xenith for their economic calendar like we do, which is this one over here, but they are using the Forex Factory calendar and wanted to know whether the calendar was okay to use and how they can get the most from it.

Yes, you can certainly use the Foreign source, or Forex Factory calendar rather. I use Xenith, the Xenith calendar on a daily basis, but you know, I also go through the Forex factory one, from time to time as well as making sure whether there's, you know, anything extra or significant that I might've missed.

So absolutely nothing wrong with using the Forex Factory calendar. And it would be a calendar that I would recommend any new traders to use, if they don't have Xenith because it's very user friendly.

Now you asked specifically about Forex Factory, so I'm not going to go into any major details right now about any of the other free calendars, but just for reference like, you know, the economic calendars from investing.com as well as the other one from Trading Economics as well as Myfxbook, all of them offer great calendars on their sites and definitely other options you can also consider apart from Forex Factory, so just keep that in mind.

So I think the first place to start will be just the basic navigation of the calendar. So I'm looking over to the left-hand side we have the dates that's obviously going to be important. Yeah, you can select either a specific days, or you would just wanna see the upcoming day coming up, which is Monday the 15th, or you wanna see the entire week, you can just click that arrow, it'll show you the entire week, or you can select, you know, this month, if you select this month, it's obviously gonna give you the entire month.

So that's just a quick navigation tool to use on the left-hand side. The other one that's handy is the time selection. So if you go right, you're on the right hand side, you'll see there's an actual time there. And if you click on that, you can actually change the GMT to fit your time. Make sure that whenever you are seeing the news event, you're seeing it in your own local time.

Then looking at the basic layout of how it's structured on the left-hand side we have the dates. Obviously we have the time when it's coming out, which will be important once you've changed your local time, then you have the currency that it's expected to impact. You'll also have the impact measurement.

Obviously news, the importance of news events will change based on the anticipation, based on the market's expectations of it, based on the current market sentiment and the fundamental analysis or fundamental bias with the currency. So take the impact with a patient of salt. Sometimes a red or high impact event won't have any impact in the market and sometimes a very lightly, or a light impact a marked event can have a huge impact in the market. There we also we'll get to the details just now. Then we have the forecast column, which is obviously handy to see where the consensus is aimed.

Also keep in mind that the consensus year, it's probably not gonna be as accurate as some of the paid versions, and because we're not sure where they get that full cost information from. So also keep that in mind. And then very handy is to see the prior reading for these events as well. Now going into the details, this is really very handy from the calendar.

Now, if we click on that little folder, which has open detail actually gives us a nice description of exactly what the economic event is all about, you know, what it measures the usual effect and why traders care about it. And of course, that's very handy on the right-hand side, it gives you the history, you know, so it gives you a trend, it gives you an information on a more trending basis showing you what the recent numbers looked like.

Overall all in all a great free economic calendar with plenty of nifty features as we've seen. As with most calendars, you know, the events they're gonna be fast, but not as far as some of the pay calendars like Xenith in my opinion. And it also lacks some of the more in-depth details, for more thorough analysis. But for those looking for a free calendar, that this is definitely one, a great option in my opinion to use.

So hope that helps with all of the questions we've gotten about Forex Factory. Great calendar to use from a free, as a free source. And any other questions on this, please don't hesitate to let us know.

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It’s common to hear that news-based trading might be advantageous. Many traders read Forex tutorials and attend Forex webinars to better understand the Economic Calendar and its benefits.
Hop on to our video to learn to trade on NFP and CPI releases. With the examples, we are showing how the Economic Calendar strategy can become the winning strategy.

00:00 What is the Economic Calendar?
01:47 How to trade on the events?
03:02 Example of trading EURUSD on NFP

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IN this video I explain that how to take trade on the bases of news .. in this method there are no use of any software bug indicator freely from that' '. self analysis and self trading

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Enjoyed this video? Check out more videos about predictive analysis:

The #1 Trend Trading Technique Of All Time:
https://www.youtube.com/watch?v=rWOwM...

The ULTIMATE beginners guide to reading a candlestick chart:
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The ULTIMATE beginners guide to Price Action Trading:
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Using structure to Defeat the markets:
https://www.youtube.com/watch?v=bHTwS...

How To Do Technical Analysis:
https://www.youtube.com/watch?v=cPDea...

Top 2 Best Currency Trading Indicators:
https://www.youtube.com/watch?v=cvGBj...

*****
In this video, Steven shares some advanced structure trading techniques for the Forex market and a few key steps to building a Forex trading strategy.

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BIO
Steven Hart -

Steven was recognized as a top 30 Trading educator on YouTube by the very critical feedspot.com.
Link - https://blog.feedspot.com/trading_you...

He became a self-made professional trader at 20 years old. Today he is the "Honest Trading Coach" to hundreds of thousands of traders around the world.

He is the founder and CEO of The Trading Channel.

For over 9 years Steven has studied the science of trading and psychology. This combination allows him to not only be an incredible trader, but a very understandable teacher as well.

He has developed numerous rules-based trading systems and strategies that are used by top traders around the world.

Today, Steven is on a mission to help 1,000 traders become independently profitable over the next 12 months. Will you be one of them?
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JOIN US IN OUR LATEST FREE TRAINING:

Link - https://thetradingchannel.org/optin

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OTHER LINKS:
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Song link - https://www.youtube.com/watch?v=2Ax_E...

Outro music provided by - TULE - Fearless pt.II (feat. Chris Linton) [NCS Release]

Song link - https://youtu.be/S19UcWdOA-I

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