Want to know more about forex factory?
This is represented in your mind when you hear the word forex factory? What exactly is the advantage for our business?
When we hear the word forex factory, surely our minds fixed on a website or company that provides forex calendar and Forex fundamental news. Although the actual fundamental news that could be linked to an index or a stock, but because we are a forex trader, then that comes to our mind is that forex factory news associated with the movement of the currency market.
The services provided forex factory is not only a forex calendar or fundamental news, if you know the Forex Factory website also provides a forum, trading system, trading journal can be followed, and the conditions of the market to date.
although many forex traders or perhaps even nearly all forex traders factory, but most have also not been able to read the forex calendar factory and use in commerce. S ehingga as fundamental news is published only benefits a handful of parts only.
For those who want to understand the fundamental forex news factory that you can see on the fundamental news page reading forex factory in this Siembah.com.
Back in the forex factory, okay lah Although the service is not only on the forex calendar or any fundamental news, we assume that it provides forex factory calendar and forex news only. In doing so, we can stay focused and use the forex factory as a friend of our negotiation.
So what exactly is the importance of the factory calendar for our forex trading?
we must first understand that the forex market player is the change in the economic conditions of a country, the more extreme the changes measured in numbers over the impact on the foreign exchange market.
Why?
Theoretically stage, the improved economic conditions of a country will strengthen the value of its currency, this currency pair with a base curency of the country's currency will increase. And vice versa.
Try to remember once again, a forex news published on a certain date and time. And there is something that is expected by many stakeholders to make a decision to invest or speculate. When we were waiting for our unexpected or non-compliance with our expectations would have provoked an emotional reaction / panic state or the data we receive. Well emotion is then made back to the turbulent market or movement.
you can imagine for example when you want to watch a concert of your idol. Provided that the main artists will perform at 9 pm. But it is during the hours of 9, it was announced that the singer could not attend because of a blow to the hospital. What will happen to you? What would you do? Could you be emotionally booed committee or crowded crowded theater.
Or, conversely, when the hours of 9 singers appeared and proved to show more menggunacang more pantastis memlebihi shadow or your expectations before you certainly will also be pleased to extraordinary it could you just be with emotion, happiness and all the contents of the suddenly fun dance scene.
things like the above is also the same as forecast or prediction of the towers of the forex calendar factory does not match the actual data or official data. There will be incredible emotions if the trader happy or disappointed. When emotions are increasingly more impact that resulted in the market being very volatile.
The atmosphere when the fundamental news will be published with seconds seconds penyanyai our idol perform. The situation will be calm or quiet despite the fact that our heart beat. When seconds seconds forex news to be released in renatng usually 30 minutes -. 1 hour market will be quiet or silent conical graphically
When the news was released there was an escape for berbodong flocking trader make transactions or to produce inversion of the extreme for their panic.
Back to the importance that the forex factory calendar for our business. If you are a fundamentalist then it is obligatory for you to know when a piece of news published so that you can determine the time to open trades and positions .Or determine what strategies will be used.
conversely, if you are a teknikalis, you should know that technically limit the limit will be hit and become invalid when the news of the forex factory was released. Therefore, as teknikalis when he knew the time clock so will this news release. you can do:
1. Set your stop losses and profit tartget to avoid momentary market movements are not expected. Or even close the open position and resume later when the market has calmed.
2. If no position is open, you can expect the impact of new usually disappears 1-2 hours. Or even delay the opening position by not negotiating at all, waiting for the right technically enter the market.
Maybe here you understand the importance of a forex news and forex calendar factory, so his advice if you want to be fundamentalists should be able to read the meaning of his new and dampaknya.D late for teknikalis forex news can be used as panels for analysis.
regarding the company's forex factory, the Forex Factory website was launched in March 04 and dedicated to focus on providing quality and timely news for traders. corporate forex factory itself was in America at: 100 North Tampa Street, Suite 1935, Tampa, Florida 33602.
This is an overview of the forex factory hopefully, there is little advantage to be taken and implemented in your trading ....
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