If you are investing in the Forex markets, one of the best opportunities to book maximum profit is trading via Forex Factory. A website dedicated to traders, the ForexFactory. This is exactly why features like Forex Factory calendar and Forex Factory news help investors get better value for their investment and book significantly sustainable gains. Whether you are an amateur small-time investor or a professional Forex trader, Forex Factory is a popular choice for most serious players in the money market.
Launched in , this is one of the top-rated Forex trade websites globally as per Alexa ratings. One of most striking features of ForexFactory. The regular inflow of information and news keeps them ahead of the competition and helps them to peg a profitable trade constructively. The insightful details coupled with timely updates make sure that the investor is always ahead of peers in terms of investment strategy as well as the profitability and that makes for assured gains.
While the design of some websites appeals users, the content of others might provide them with greater information. The idea is, whatever the content might be, it should be available to users in a simple and uncomplicated manner. It is pretty much a one-stop shop that provides you unflinching quality without compromising on the design elements.
Focused essentially on the needs of Forex traders, this website helps you access the most relevant details in the shortest possible time. It enables relatively error free access to a minefield of information that can enhance your trading abilities and offer better prospects of gains.
The tabs, the operation procedure is rather uncomplicated, and anyone can master it rather simply. Whether you want to undertake a trade or validate the authenticity of news to base your trade upon, you will get a rather clear and constructive idea on the way forward. Moreover, the fact that Forex Factory has been in business for nearly 15 years now is pretty well borne out in the content and presentation.
It provides a host of information and data without even the click of a mouse. From the latest rates of different currencies to the latest news updates, you get it all on the home page.
When you are looking at different Forex trading platforms on the internet, what is the base on which you can differentiate between a great site and a mediocre site?
One of the simplest ways would be by comparing the various features that are available and the way all of that can help expand the scope of your profit. Not only by sheer numbers but the variety of topics and kind of in-depth discussions that happen make these forums a great platform to expand your knowledge base. According to estimates, these forums on ForexFactory. You have brokers from across the world interacting on a variety of financial issues and trading trends.
In many ways, it is not just an interactive hub but will offer you some direct life lessons on trading Forex. Another big advantage of the forum is that you can quickly get a solution on any trading issue that you might be facing.
The trader who is looking for potential options can easily refer to any of these forums and get some simple and easy to apply solutions.
Depending on the kind of information that you are looking for, you can easily join the necessary forum and connect with the people who could help you. If you are trading in Forex, it is unlikely that you have not heard about the Forex Factory calendar. As many money market traders have mentioned, this is that key catalyst that helps you make the most of your investment.
Most reviews posted by regular Forex Factory users indicate that often getting access to the Forex Factory calendar is the single biggest motivation to sign up for this online Forex trading platform. This is undeniably one of the most comprehensive economic calendars that you could lay your hands on.
According to a review, the Forex Factory calendar was so innovative that it has actually changed the economic and financial calendars. The Forex Factory calendar has several unique and useful elements that no doubt help you undertake profitable trades. Along with it, they have a comprehensive viewing chart and relevant filters that make sure you are able to access the most relevant news to aid their trade.
In fact, just by deciding to enter a trade before or after a certain data release, you can clock in gains or losses. In both cases, you will know exactly how to position your trade in sync with these data releases. It is also because of the battery of highly trained experts who are constantly keeping a watch and updating details at regular intervals. The financial economists who are working day and night with Forex Factory are working overnight to keep the data list updated and also make changes wherever necessary.
There are many other Forex trade sites that use the Forex Factory calendar as a primary source to create their own calendar. Therefore, the best way to deal with these is to be aware of the various news developments and adjust your trade accordingly. Moreover, the Forex Factory news was instrumental in completely changing the presentation of Forex news to traders and money market dealers.
It was for the first time a unique forum was created where news was submitted from a variety of sources. However, the tight control by the Forex Factory editorial team makes sure that false news or falsely reported news does not make it to the readers. However, at the same time, many news buzzes or even presumptions that are moving Forex market is made available to the readers. This means the reader gets access to the trigger, but at the same time, they are able to make an informed choice based on the authenticity of the news.
The Forex Factory News team employs very experienced editors to make sure that the quality of the news is not compromised with and the users can remain updated about the most important developments. You can position your trade well in advance, even before your local markets respond to.
In fact, you can also take advantage of the movement or gains that might be seen in some market that is operational when the news breaks. It is a rather state of the art sophisticated and innovative infrastructure that has been developed by the Forex Factory technical team.
To make sure that the users get the most relevant and real time rates, they source the information from multiple brokers, and then they collate it. It can be used to benchmark prices from many separate operators and bring in a more centralized rate for money market dealings. This makes sure that an otherwise OTC market gets a relatively better and a fairer deal to execute their trades.
The scanners and charts are freely accessible to all the users, and they can use it at any point of time to undertake their trade effortlessly and without any glitch. Moreover, to make it even simpler for the users, Forex Factory has even incorporated a series of user guides that help users to take advantage of these facilities rather seamlessly. These user guides also help address any doubt that Forex Factory members might have about the potential of the chart and the relevant usages.
The next most important feature that you must know about the Forex Factory is undoubtedly the Trade Explorer. In fact, the reason why this website is so popular is that the ease of trade that it portrays through the various trading elements that it incorporates. Forex Factory launched this feature in , and this is essentially a web-based interface for easy trade. It facilitates potentially a seamless trade that can be analyzed in a rather intelligent fashion.
Moreover, the trade explorer is automated in a way that it synchronizes with the brokerage account connected with it. Though there are some areas where there is scope for further development, the Trade Explorer is rather dynamic. Forex Factory has been continually bringing in a whole gamut of innovation that will help improve the trading experience even further. Features like the graphing capabilities that is quite powerful, time-zone synchronization and control on equity balance make trade execution quite seamless.
Forex Factory keeps adding new features depending on the various demands of changing trade dynamics. This makes the deal even sweeter for users, and they can easily take advantage of these in a comprehensive fashion. It helps traders understand the patterns real-time and undertake a constructive fundamental analysis of the different parameters that go on to complete their trade properly. Therefore, it is almost needless to add that the equity balance control also improves the relative focus in trade.
When you compare the Forex Factory with several other websites that enable live trade, you will obviously compare the features and the ease of execution. We have already understood that one of the biggest advantages of using Forex Factory is the relatively real time rate that they offer. It is not just extremely close to fair price levels, it also helps the traders take up trade as close to market price as possible.
While on an individual basis, it was just a few cents, in the end, he could add many millions to his profit. Therefore, the importance of this innovative offering from Forex Factory is pretty well borne out. It was available on ForexFactory. Often the hub of many experience and astute traders, this live trading window can often be your best training ground for Forex market dealings. Essentially these trades are also made by other Forex Factory users who had opted to make their account public.
That is another great feature of this product. The automated analysis by the Forex Factory website enables a real-time analysis of the trades that can be seen. There is also a readymade Leaderboard that keeps scores of the returns that each account is getting. You can always try and replicate the trade that they are undertaking and take advantage of the big returns. However, if you think that the Forex Factory features are only created to help seasoned investors, then you are mistaking.
In many ways, this product is an advanced guide that is targeted to understand the various elements and challenges of being Forex market brokers. In fact, this broker guide boasts of several state of art features coupled with a variety of information that enables users to assess and understand the market challenges in a far more succinct and comprehensive manner.
Moreover, Forex Factory also brings in latest information and real-time spreads to helps them create better trade and enable greater profit. That makes sure that you are able to get the maximum possible advantage as a broker using this platform. All the information is right in front of you, and you can easily decide on the basis of several parameters.
There are some unique features about this online platform that completely set it apart from most other online Forex trading platforms:. One of the reasons why Forex Factory comes across as a rather reliable platform to undertake complex Forex trade also is because of the huge traffic it attracts. At any given point of time, ForexFactory. It means it invests a significant amount of money in not just creating these hosting resources but also monitoring and patrolling them.
The Forex trade platform also invests in manpower to continuously weed out spams and issue warnings to users. For a single website to generate that kind of funds, Forex Factory has to really generate very high profit. For a website that has over 10, traders online at any given point and over , visitors a day, imagine the money that brokers would pay to place an ad on their site? There are also estimates that they are probably charging brokers separately to get listed on the ForexFactory.
Be it the Forex Factory News or Forex Factory calendar; it is quite clear that they are taking advantage of the best possible technological advancement to help its users stay on top of every development in the financial world. If you speak to the company, you would realize, Forex Factory is not even planning to create one. They feel it is working just as fine and they are not interested in working on a mobile version just yet.
Though you can easily ascertain that it is a company based in the United States, the whereabouts of real owners is still a mystery. There is no clear understanding or precise information about who owns it or who is the founder of this mega online Forex trade platform. Of course, if you are very interested you can undertake a detailed probe to get closer to the truth.More...