Know more about Forex Factory - Forex News

forex factory

Know more about Forex Factory is important for for traders. As a nation of economic literacy, the extent of our knowledge about forex? And terms associated with forex forex Resembling like factory and his friends. Before we find out more about the forex world, how well we know in advance about the meaning of forex itself. From various sources, found that forex (forex factory) or more familiar with foreign exchange trading term foreign currency (foreign exchange) that is the alternative netter (in this case the government in many parts of the world, the world's major banks, international-class enterprises, foreign exchange speculators and personal) to work by investing online through internet. Forex trading is the trading transactions of foreign currency exchange rates on international money market.

Among the many terms forex, forex factory there term. Forex = foreign exchange, factory. Thus the foreign exchange forex factory mean that factory? In a forex factory site was expressed that the most popular portal about forex trading on the internet that provide various information on forex trading and other economic news.

Site at Forex Factory

Forex Factory is a site that provides forex news. Since then, the forex factory became popular and the most active forum on the internet. Forex factory have many pages, but the most often visited of which :

1. Interactive Trade Forex Factory

This page gives an overview of :

• Forex market players to discuss the action occurs when trading forex.
• Area forex trading system where people can interact and experiment with new and existing trading system.
• Discussion forum related to forex trading broker and associated problems.
• Part of forex trade journals that can be visited by netter to learn forex trading.
• Forex factory always interesting things to post in the forum. Nevertheless, new traders in forex factory claimed to be careful in taking advice and information in forex factory forum before knowing the accuracy of the information.

2. Forex Factory Calendar

Forex factory calendar is very useful facilities to ensure that when market movements are due to be released. Here is part of the forex factory calendar :

• Dates. Schedule data are days when forex will be released.
• Currency Exchange. The currency will tend mempengarungi potential forex trading activities.
• Impact. Potential impacts on listed forex currency when this news was released.
• Detail. Additional information related to the release of economic data.
• Actual. Show the actual results of the next release.
• Forecast. Analysts estimate the release.
• Previously. Pictures from the last time data was released.
• Chart. A graphical representation of the historical data.

3. News Forex Factory

Pages in this factory filled with a variety of forex related news forex trading (forex trading) which can be visited by forex traders and boarding ordinary netter to find out news about forex. This news forex presents data on the development of different parts of the world. At this site there is also a result of technical analysis.

4. Trades Forex Factory

Site on forex factory forex serves commercial activity. Displayed with various sale and purchase of forex activity from different countries with different currencies.

Forex Factory - Site News for Forex Trading Fundamental Analysis

Fundamental analysis is very important in trading foreign exchange (forex trading, forex factory), this information can be used to determine the strength of a currency, price changes occur, the value of the currency that is too low or too high, and estimate the potential profit is found. Data are most commonly used are economic, political and news relating to the economic factors of a country, such as central bank policy, industry, unemployment, export-import and so on. More fundamental analysis is used to take the position of middle and long term.

Economic news continues to run at Bloomberg, MarketWatch, forex factory and other news sites. This is because forex factory is one of the most popular sites.

There are no steps to implement fundamental analysis in trading as follows :

1. Forex Fundamental Analysis Applying steps Factory - View Economic Calendar

Can be seen early in the week on news sites, for example: forex factory. Selected day of the week so that when trading Monday morning, we had a fundamental picture of the week. But only a reflection, because the economic calendar is only available schedule, the previous data and predictions. Better determine the actual results.

2. Forex Fundamental Analysis Applying steps Factory - Actual Data Monitor

Usually if the calendar is a schedule of key economic indicators (eg on sites forex factory usually red). Monitor the actual data that comes out at a pre-determined (see calendar). Actual results can be seen on forex factory calendar. On the website just loaded the economic data that have a significant influence.
3. Forex Fundamental Analysis Applying steps Factory - Technical

Combine data in forex technical factory. When fundamental parallel with the technical effect will be quite uncertain significance. Fundamental priority when not in the same direction as the fundamental data is very significant during the time the release of such data. The rest use your technical analysis. When there is no important data (usually on Monday or Tuesday or the first week of the month), can practice technical skills.

Forex Factory - Sample Fundamental Analysis Based on Economic Data

Data on the economic calendar forex factory showed the following data :

Date 7 April 2006 Non-Farm Payroll data last month predicted = 190 000 = 243 000. Based on the results predicted NFP values predicted to fall. This will result in lower USD, and this means to signal buy euro / usd. But be careful! Because the most important time to learn forex factory is actual data. Commentary on the data often makes Insight USD weight class like this NFP.

On 7 April 2006 that, given that the data Insight January 170,000 243,000 February data. When the NFP in the 210,000 will support The Fed rate increase to 5%. Also are reminded of the existence of possible revision of NFP data (in the forex factory) last month.

Actual data with the revision of NFP is 225 000 210 000 February data. Revised February data is still higher than in January. MARCH-month data was also higher than in February. All this supports the move The Fed raising rate (which is the market's expectation) and the strengthening dollar - >> signal sell euro / usd. Terms like this are familiar in your ear when discussing forex factory.

But again be careful! Do not fall for open positions directly sell euro / usd. See the graphics! Obviously the graphics on the forex factory showed euro / usd up, do not panic and buy directly open position. Wait until the highest point of exit and then open posisisell target set at the point of strong support.