forex factory

The ability to predict the direction the market is one key to success in the forex business . However , reading the data presented by sites such as Forex Factory forex is not easy . It takes a special technique so that the data are meaningful and help you determine when to enter the trading arena , when it is time for the silent waiting , and when it's time to get out .Reading News Forex FactoryInformation on the following aspects will help you read the market direction through the fundamental news that is presented in the Forex Factory calendar .

    Currency of information to be released

Currency that will be released today can be seen by observing and analyzing columns currency pair currency or currency pair where the most volatile in nature , so that your profit margin will be greater .

    Impact

    Impact or impact of news released each day is marked by the four colors . The white color indicates no activity ( bank holiday) . The yellow color indicates a low impact . Orange indicates medium impact category and the red color indicates a large impact , so be wary .

    release time

Fundamental news release time using standard time New York . So , make sure you adjust the time where you are .

    The value of the previous release

The value of the previous release ( previous release) is useful for predicting the latest range of values ​​that will soon be published officially .

    Value forecast

Value estimates are usually derived from economic analysts or banks . Forecast values ​​are useful to predict market direction .

    The actual value

    The actual value is the number of the official release of the eagerly awaited

How to read Forex Factory news intact by using the above elements can be seen through the case . The most easily understood case is payroll or salary employee , because its impact is also very large .

    example

 
    At the 10:00 news was released about the total industry payroll in USD . Payroll shows the number of industry and labor in industry . Increased payroll shows that the industrial sector is growing , more and more enterprises leading to the sector and a growing number of workers are absorbed .Payroll is a positive thing . The higher the payroll , the stronger the economy , and the value of the USD is getting stronger . If supported by the rising trend in the value of the previous release and is supported with a forecast value of the experts , it is likely that the actual value of USD officially released will also increase .And vice versa , if something negative is likely to increase , then the value of the currency will tend to weaken . For example , Forex Factory released fundamental news that fuel price increases . Fuel price is a negative thing . The higher fuel prices , the weaker economy . As a result , the value of the currency will weaken .Obviously , it takes time and experience in order to predict the direction of market outcomes more accurately through the information presented in the Forex Factory calendar . Thus , fundamental news such as this can be utilized to take trading decisions