Every forex trader must consider using an economic calendar when trading Forex. The Forex factory economic calendar shows the news releases in different countries. The calendar indicates the exact time of each news release and its influence on the market. This is a great indicator for a fundamental analysis and news trading strategy. If you trade on the news, then the economic calendar will be your great help. After being published the news usually cause a quick reaction in the market. This is the time where traders take advantage of it and enter the market.
How to set up your economic calendar? For a start, you can adjust the calendar according to your local time. Once you set up the time, your browser will remember the information. The next time you visit the site your time preference will be already synchronized. You can use this calendar without a registration.
How to use the economic calendar? Once you enter the calendar page, it is opened for the whole week by default. If you wish to track only the current day, select the appropriate date in the block on the left.
How can you know the importance of the news? There is a color indicator placed next to each news or event. Red — the news has a strong impact on the market. Orange — medium impact, yellow — low impact, white — no impact,
The news is published immediately after the release. At this time, the calendar displays the icon, indicating the expectation of the publication of the actual value. By clicking on this icon after the publication of news, you will see its value.