{"id":3190,"date":"2021-07-13T04:28:37","date_gmt":"2021-07-13T01:28:37","guid":{"rendered":"http:\/\/doctor-igor.vhost.kiev.ua\/wp\/?p=3190"},"modified":"2022-05-04T10:21:04","modified_gmt":"2022-05-04T07:21:04","slug":"how-to-use-forex-factory-free-trading-tools","status":"publish","type":"post","link":"http:\/\/doctor-igor.vhost.kiev.ua\/wp\/?p=3190","title":{"rendered":"How To Use Forex Factory Free Trading Tools"},"content":{"rendered":"
Using the news to trade forex is called fundamental analysis. One of the great advantages of trading currencies is that the forex market is open 24 hours a day, five days a week (from Sunday, 5 p.m. until Friday, 4 p.m. ET). Since markets move because of news, economic data is often the most important catalyst for short-term movements. This is particularly true in the currency market, which responds not only to U.S. economic numbers, Forex news<\/a> but also to news from around the world. Here, we look at which economic numbers are released when, which data is most relevant to forex traders, and how traders can act on this market-moving information. In the 17 hours before the release, EUR\/USD was confined within a tight 30-pip trading range. As a price action trader, you have a distinct advantage over other market participants using something other than price action.<\/p>\n <\/p>\n On a Wednesday, right after the London\u2019s close, the Fed releases the FOMC Statement.This is a text describing the monetary policy. The Forex calendar news out of the United States is one of the busiest of them all.<\/p>\n Just wanted to say I love the app, the only problem I’m having is with the dates. From that dotbig testimonials<\/a> moment, it was only a matter of trust in the USD that kept foreign investors buying it.<\/p>\n A press conference follows forty-five minutes after every ECB meeting. The President reads the statement, and press representatives ask questions. During the press conference, the ECB President supported the rate cut. However, he added that the ECB expects inflation to pick up next year. You can also get access to breaking news when you need it so that you can be aware of new information that could impact your trades. By doing that, you\u2019re asking the calendar only to tell you information that has a high and medium impact. So most probably the currency will have a low trading volume that day.<\/p>\n For example, let\u2019s say that the United Kingdom decided to announce interest rates. That means that GBP and the currency pairs that are linked to it will be affected. Since there aren\u2019t many articles available that show how the https:\/\/www.cmcmarkets.com\/en\/learn-forex\/what-is-forex<\/a> Forex Factory calendar works, we created this guide to help you out. Below we\u2019ll explain how to use this resource, what each column means, and how to set everything up, including your time zone, event filter, and news filter.<\/p>\nMarket Sentiment Tool Free<\/h2>\n
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Learn About Trading Fx With This Beginners Guide To Forex Trading<\/h3>\n