Community
Classroom
Calendar
Members
Leaderboards
About
Sep '23 in Educational Resources 馃摉
Beginner's Guide to Using ForexFactory Calendar for Incoming News Events
For forex traders, staying updated with the latest economic news events is crucial. These events can significantly influence currency price movements. One of the most popular tools traders use to track these events is the ForexFactory Calendar.
If you're new to forex trading and want to learn how to use this tool effectively, this guide is for you.
What is the ForexFactory Calendar?
ForexFactory Calendar is a free online tool that provides a comprehensive list of major economic events scheduled to be released. It's user-friendly, customizable, and offers insights into how these events might impact the forex market.
Getting Started with ForexFactory Calendar:
  1. Access the Calendar: Visit ForexFactory.com and click on the "Calendar" tab.
  2. Navigating the Calendar:
  3. Filtering Events:
  4. Understanding Event Details: Clicking on the folder icon next to an event will provide more details, including a brief description of the event, its source, and historical data.
  5. Time Zone Settings: Ensure the calendar's time zone matches yours. This will help you prepare for news events in real-time.
Tips for Using ForexFactory Calendar Effectively:
  1. Plan Ahead: Check the calendar at the start of the week to be aware of the major upcoming events. This will help you plan your trades accordingly.
  2. Stay Updated: Economic forecasts can change. Regularly check the calendar for any updates or revisions to forecasts.
  3. Combine with Other Tools: While the ForexFactory Calendar provides valuable insights, it's essential to combine this information with other analysis methods, like technical or fundamental analysis, for a comprehensive trading strategy.
  4. Avoid Trading Immediately After High Impact News: The period right after a high impact news release can be highly volatile. If you're a beginner, it might be wise to wait until the market stabilizes before making a move.
2
0 comments
Dylan Shilts
4
Beginner's Guide to Using ForexFactory Calendar for Incoming News Events
skool.com/forexia-beginners-3918
Forex Trading for Beginners
-Learn to trade Forex in 48 hours
-Learn my $10,000 Trading Strategy
-Learn how to scale $1k to $100k
Forexia Mastery Academy
Leaderboard (30-day)
1
Chewe Mwanza
+3
2
Thulani Gumede
+2
powered by