If you are a start-up investor or an experienced Forex trader, one of the best ways to get maximum return is to trade via Forex Factory, the 2,962nd world's most popular English-language web-site providing real-time market information.
Forex Factory, established in 2004, is a great resource for traders of all levels. In this section you will find numerous trading forums, statistics on trades, the latest market news, the calendar, a description of current Forex market situation (abilities and possible failures), and a list of reliable brokers with their trading results.
The Forex Factory Forum is one of the best offerings and the most notable products, as it is one of today's busiest online forums in the financial world. The forums are a great place for traders from around the world to interact, share ideas, teach, learn, debate, and swap real-world experiences. As you explore these Forums, you will be surprised by their variety of topics and in-depth debates, which make them an excellent way to broaden your knowledge base.
There's no doubt about it: the Forex Factory Calendar is one of the best and most comprehensive economic calendars ever made. As innovative as this product is, it has changed the very concept of financial calendars. Among the features of this tool are impact ratings, adjustable time zones, detail views, filters, links to event sources, real-time data releases, economic charts, and much more useful elements that help users to execute profitable trades.Trading and money market dealers have completely changed how forex news is presented since the Forex Factory news came out.As tidings structure offered on the website accepts any story posted by members and from a variety of sources, it introduced a completely new concept of Forex news.While Forex Factory has a highly experienced editorial team, it ensures that the readers do not receive false news or misreported news.
The Forex Factory news was instrumental in completely changing the presentation of Forex news to traders and money market dealers. The News product introduced an entirely new concept of Forex news as tidings structure is built to accept any story posted on the website from the variety of sources including all members. However, the tight control by the Forex Factory highly experienced editorial team makes sure that false news or falsely reported news does not make it to the readers.
There are three main innovative elements of the Market product: Scanner, Chart, and Sessions. All three are powered by Forex Factory's Market Data Application (MDA), a complex infrastructure created from scratch to consolidate data from multiple brokers in real-time. This assures that traders get the best real time rates closest to the actual numbers. MDA or the Market Data Application is also known as the True Pricer as it can be used to benchmark prices from many separate operators and bring in a more centralized rate for money market dealings.
The next most important feature of the Forex Factory is definitely the Trade Explorer. It is a web-based interface that empowers traders to intelligently analyze their Forex trading performance and makes trading process easy. It facilitates potentially a seamless trade that can be analyzed in a rather intelligent way and offers the potential trades that might be taken in the nearest future or even now. Moreover, the trade explorer is automated in a way that it synchronizes with the brokerage account connected with it.
It is absolutely clear that the biggest advantage of using Forex Factory is the relatively real time rate that they offer. The Trades product shows real-time trades made by members who opt to make their data publicly viewable, and the Leaderboard shows which of them are getting the best return this month. In the Forex market dealings, this opportunity is extremely useful.
And finally, the Brokers product was created to help first timers glide through the Forex market and access brokers without a huge problem. The guide represents an innovative approach to the way traders go behind brokers, combining up-to-date information, extensive detail, and real-time spreads. From the four winds, this product is an advanced guide that is targeted to explain in very details various elements and challenges of being Forex market brokers.
A unique feature of the Forex Factory offers a unique opportunity to learn how to trade from such a trading Guru as BillyRayVal and IronMan who have been trading the Forex market for about 10 years, generously sharing their wealth of knowledge. According to their blog, "No Brainer Trades" is probably the best winning strategy. A high winning percentage percentage is achieved with this strategy, there are no indicators required, and it is simple to follow. Other methods allow for possible trend-riding along the way, but this technique relies entirely on support and resistance. In light of what the big players do, it makes sense for us to do the same.
The reason why areas of support and resistance hold is because unlike other methods, any trader can view a chart and see where price has reacted many times in the past or where a "no brainer" is in the near future. In response to Forex news or other influences, any level is subject to a breakout. Continually gauging market conditions to determine whether the level should hold or break is essential. This strategy has made profits of +20 to hundreds of pips, so the success rate has been very high.
Make sure you immerse yourself in the Forex Factory trading environment with unmatched professionalism and productivity in order to become a serious player in the money market.