This type of trading strategy is known as ‘forex news trading’. The calendar can, however, be a great way to keep track of upcoming events. Knowing when these events are scheduled can help you make decisions https://forum-assures.ameli.fr/questions/2584410-affiliation-securite-sociale-famille-accompagnante-passeport-talent#none about the timing of your entries. It’s also helpful if you have an open position as it gives you the opportunity to book profits before a potential increase dotbig testimonials in volatility.
- To do this, simply click the time in the upper right hand corner.
- Launched in 2004 the Forex Factory website is indeed a great resource for all categories of traders.
- It’s much easier to ride out a major news event if you know your position is 200 pips in the money.
- You’ll look to go long when most retail traders are short, and long when most retail traders are short.
- The standard interpretation is that when inflation falls, the currency depreciates.
If you see the forecast of the NFP is higher compared to last month, it is bullish news for the U.S. So, for example, it will be the bullish impact on the USD/JPY and a bearish effect on the EUR/USD. Nevertheless, anytime you see dotbig review a forecast of growing CPI, it would be bullish news for the currency. For example, if the forecast for CPI of UK is 2.5% for a quarter, and the CPI of Australia remains at 1.5%, then it will have a bullish effect on the GBP/AUD.
The Most Important Forex News
The Forex news calendar is a vital tool for any serious trader. It shows the scheduled dotbig review news events for the week and usually ranks them from low to high impact.
That concludes the process of setting up the Forex news calendar. Now let’s get into the second half of this tutorial and discuss how to use what you’ve just learned to your advantage when trading Forex price action.
Where Should I Send The Exclusive Forex Factory Calendar Guide?
All they do is to go into the forum, enter the “Trading Systems” thread, and look for new trading systems. Rayner Teo is an independent trader, ex-prop trader, and founder of TradingwithRayner. With FNG’s Newsletter you’ll get all the latest breaking FX Industry news stories – in a concise daily email, directly to your Inbox. Forex Factory is owned and operated by Fair Economy, Inc., a company dedicated to the democratization of financial information. To edit the Alerts for a Subscription, click the icon a second time to access the settings. In addition to being the best mobile trading platform I’ve ever used for cryptos, Bybit is giving away $30 in BTC when you complete all 3 steps at the link below. From the screen above, you can see additional details such as the source, frequency and history of the event to name a few.
To close this window, simply click the “X” shown in the image above. Once the icon above is clicked, you will immediately see additional https://www.ambitionbox.com/overview/dotbig-overview details of the event. Once you are happy with the settings, click “Save Settings” so that you won’t be required to do this each time.