Forex Factory Calendar is a big opportunity to Forex traders. we all know about forex or currency exchange. it is a great option to work with and invest in it. so when you start with Forex and you have opened a Demo account after this you need to know about that country economics that you want to trade. the first way is to Learn about economics and watch the news of that currency that you want to trade but Forex Factory Calendar is a beneficial way to know about that Country Economics. it is not that much hard that you think. forex trading becomes beneficial with economic forex news calendar/Forex Factory Calendar. with this forex news calendar, you can predict the forex market. so in this Article, we will talk about What is Forex Factory Calendar? without west of time let’s begin
1. What is Forex Factory Calendar? ( Visit Website )
Forex Factory is a website which provides economical news from all over the world to its visitor. it shows you the detail of every single new. it shows the effect of any new on the forex market. it is an amazing tool for any Forex Trader. if you follow this tool/website you can get any trade in a profitable trade. for short trades, this tool works 80% perfect. if you want a tool for economic analysis then this is best for you. basically this is forex news calendar.
How to use Forex Factory Calendar for Economic News
1. Getting Start with Calendar
First Navigate Calendar from the top the page and click on that. Once there, you should be presented with a screen similar to the one below. Don’t be intimidated by all of the activity on this page. It will all make sense by the end of the tutorial.
2. Configure your Time Zone in Calendar
Now we will begin configuring the calendar so that you can get the most out of it. Now that you’re on the calendar tab, you will want to set your time zone. To do this, simply click the time in the upper right-hand corner.
- After clicking the timestamp, you will be taken to a page where you can set your time zone. This will synchronize the time for each news event with your local time.
Note: Setting the correct time zone is extremely important. If not set, it will be difficult to determine the correct time for each news event.
At this point, you also have the option to turn Daylight Savings Time (DST) on or off. Lastly, you can toggle the time format to show either am/pm or 24 hours (military time). Once you are happy with the settings, click “Save Settings” so that you won’t be required to do this each time. As long as your browser’s cache is not cleared, your settings will remain the same each time you revisit this page. After saving your settings, you should now see the correct time displayed in the upper right-hand corner of the screen. If not, repeat step 2 to make sure your settings were saved properly. now you are done with Calendar configuration.
3. Setting the Event Filter to the Calendar
At this point, you should have the Forex Factory calendar in front of you with each news event synchronized with your local time. Next, we are going to set the event filter to determine the type of news and currencies to display. this allows convenient if you only want to display certain types of news events or are only interested in specific currency pairs.
- To set the filter, click the “Filter” icon in the upper right-hand corner while on the calendar tab.
After clicking “Filter”, you will get a screen like the one in the above photo. This screen gives you the ability to filter events by expected impact, event type as well as currency.
4. Selecting the Desired Time Fram
The navigation pane you see in the above photo will allow you to set any time frame you desire. From this window, you can choose a single day, a week or even the entire month. Also, note that you can quickly select predetermined time frames in the bottom half of the navigation pane.
5. Digging Dipper
Forex News Calendar
In addition to seeing the (surface content) such as the event name, expected impact and scheduled time, you can also expand each event to see additional information. Be sure to use this feature with caution. It can be far too easy to get caught up in the nuances of each event. As to price action traders, we need to be more concerned about what’s happening on the chart and less concerned about the fundamental significance of the news. The image below illustrates how you can expand the details of a given news event.
Forex News Calendar
Once the icon above is clicked, you will immediately see additional details of the event. 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. this is how you can see the details of any news. you are done now.
Hope this Article Helps you To Know more about Forex Factory Calendar and its Usage.
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