How to Use the Forex Factory Calendar - Advanced Forex Strategies (2024)

The Forex Factory Calendar is one of the most popular calendar tools in the forex trading community.

And for good reason: it’s a highly effective tool that can help you make better-informed decisions about when to enter and exit trades.

In this post, we will show you how to use the Forex Factory Calendar like a pro.

We’ll also give you some tips on how to interpret the calendar data and how to integrate it into your overall trading strategy.

By the end of this post, you’ll have a better understanding of how this important tool works and how you can use it to your advantage.

What is the Forex Factory Calendar?

The Forex Factory Calendar is a tool that allows traders to keep track of economic events.

The calendar can be used to track events such as central bank announcements, economic data releases, and corporate earnings.

The calendar can be accessed by visiting the Forex Factory website.

Once on the website, traders can use the search bar to find the calendar. The calendar can also be found in the left-hand sidebar of the website.

The Forex Factory Calendar is a valuable tool for traders. It can help traders stay up-to-date on important economic events and make better trading decisions.

How to Use the Forex Factory Calendar

The Forex Factory Calendar is a great tool for traders. Here’s how to use it:

1. Go to the Forex Factory website and click on the calendar tab.

2. Find the event that you’re interested in and click on it.

3. A new page will open up with all the details about the event. Pay attention to the red, orange, and green symbols next to each event. These symbols indicate how important the event is.

4. Make sure to check what time the event is taking place. The time is shown in GMT (Greenwich Mean Time). To convert GMT to your local time, you can use this website: http://www.timeanddate.com/worldclock/converter.html

5. If you want, you can also set up alerts for specific events by clicking on the “Alert” button on the right side of each event listing.

That’s it! By following these steps, you’ll be able to make use of the Forex Factory Calendar and get an edge over other traders who don’t know about this valuable resource.

The Different Types of Events on the Forex Factory Calendar

The Forex Factory Calendar is a great tool for traders to use if they want to stay up-to-date on all of the different events happening in the forex market.

There are four different types of events that are listed on the calendar: economic releases, central bank meetings, holidays, and Earnings Releases.

Economic releases are important because they can provide insight into a country’s overall economic health.

This information can be used to make trading decisions based on a country’s current economic conditions.

Central bank meetings are also important because changes in interest rates can have a large impact on the forex market.

Holidays can also be important because they can cause increased volatility in the market.

Finally, earnings releases can be important because they can give insight into a company’s financial health and future prospects.

How to Interpret the Data on the Forex Factory Calendar

Assuming you are referring to the Forex Factory Calendar, there are a few things you need to know in order to interpret the data correctly.

1. The calendar is sorted by country and then event importance. The most important events are always highlighted in red.

2. You can filter the calendar by country, event type, and impact level. This is helpful if you want to focus on a specific currency or economic event.

3. Each event has a color-coded icon which corresponds to its importance level. A green star means the event is very high impact, while a yellow triangle means it is medium impact.

4. To the right of each event, you will see its actual, forecasted, and previous values. These numbers are essential in determining whether an economic release beat or missed expectations.

5. Finally, at the bottom of the calendar page, you will see a legend explaining all of the different icons and colors used. This is helpful if you ever come across an unfamiliar symbol or abbreviation

Step 1: Getting Started With the Forex Factory Calendar

Forex Factory Calendar is a great tool for Forex traders. It can help you keep track of economic events and releases that might affect your trading strategy.

In this step, we’ll show you how to use the Forex Factory Calendar to get started with your trading.

The first thing you need to do is set up a free account on Forex Factory.

Once you have done that, you will be able to access the calendar.

The calendar is divided into different sections, each representing a different currency pair.

You can filter the calendar by country, event type, and impact.

This will allow you to only see the information that is relevant to your trading strategy.

For example, if you only want to see economic events that are likely to have a high impact on the EUR/USD currency pair, you would select those filters.

Once you have found an event that you want to trade, click on it and more information will appear in the window below. This includes the date and time of the event, its importance, and a description of what it is about.

You can also add events to your own personal calendar so that you don’t forget about them. To do this, click on the “Add To My Calendar” button at the top of the page.

Doing this will ensure that you get an email reminder about the event before it happens.

The Forex Factory Calendar is a valuable tool for any trader who wants to stay informed about economic

Step 2: Configuring Your Time Zone

Configuring your time zone on the Forex Factory Calendar is a critical step in ensuring that the information displayed is relevant to your trading schedule. There are two ways to change your time zone settings:

-The first way is to use the drop-down menu at the top of the calendar page.
Simply select your current time zone from the list and click “Update.”

-The second way is to adjust the “Local Time” setting in your user profile.
To access your user profile, click on the “User Settings” link at the top of the page.
Then, scroll down to the “Local Time” setting and select your correct time zone from the drop-down menu. Click “Save Changes” to apply your new setting.

Step 3: Setting the Event Filter

Assuming you’ve followed the steps in the previous sections, you should now have the Forex Factory calendar open and be looking at the current week. The first thing you need to do is set the event filter.

The event filter allows you to customize which types of events are shown on the calendar. For example, you can use the event filter to only show economic events that are likely to impact currency pairs that you trade.

To set the event filter, click on the “filter” button near the top of the calendar. A popup window will appear with a variety of options for filtering events.

Select which event categories you want to see on the calendar and then click “apply.” You can always change your filter settings later if needed.

Step 4: Selecting the Desired Time Frame

When you have the Forex Factory calendar in front of you, it is time to select the desired time frame.

The first step is to choose the country whose currency you would like to trade.

You can do this by clicking on the country name in the left-hand column.

Once you have chosen the country, the next step is to select the time frame that you would like to trade in.

The Forex Factory calendar offers a number of different time frames, including: 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 8 hours, 12 hours, and 1 day.

Once you have selected the time frame that you would like to trade in, the next step is to select the date range that you would like to trade in. The Forex Factory calendar offers a number of different date ranges, including: 1 day, 5 days, 1 week, 2 weeks, 1 month, 3 months, 6 months, and 1 year.

Once you have selected the date range that you would like to trade in, your final step is to select the specific dates that you would like to trade in.

To do this, simply click on the specific dates that you would like to trade in. Once you have done this, your Forex Factory calendar will be set up and ready for use!

Step 5: Digging Deeper

Once you have a handle on the basic features of the Forex Factory calendar, you can start digging deeper to find more information that can be useful in your trading.

Here are some things to look for:

-Event importance: Each event on the Forex Factory calendar is given an importance level indicated by a number of stars. The more stars an event has, the more impact it is likely to have on the markets. Look for events with 3 stars or more to get an idea of which ones are most important.

-Previous and forecasted values: In addition to the actual value of an economic data release, you’ll also see the previous value and the forecasted value. This can give you an idea of how strong or weak an economic release is likely to be.

-Market reaction: After each event, there is a section titled “market reaction”“. This shows how different markets reacted to the event (e.g. whether they rose or fell). This can be useful in determining whether a market is overreacting or underreacting to an event.

Choosing the Important Headlines

When looking at the Forex Factory Calendar, it is important to pay attention to the headlines that are in bold.

These are the most important headlines and should be given the most attention. The other headlines can be ignored if you are short on time.

Trading Around the News

When it comes to trading the news, there are two schools of thought:

Some traders believe that it is best to trade around the news, as this is when the markets are most active and volatile.

Others believe that it is best to avoid trading around the news, as this is when the markets are most likely to be moved by false rumors and misinformation.

So, which is the right approach? Well, there is no right or wrong answer, as it depends on your own trading style and risk appetite.

If you are a trader who likes to take advantage of market volatility, then trading around the news can be a great way to make profits. However, you need to be aware that the markets can move very quickly during these periods, so you need to have a solid plan in place before you enter any trades.

On the other hand, if you prefer to trade in a more subdued market, then avoiding the news might be a better option for you. This way, you can focus on longer-term trends and avoid getting caught up in all of the short-term noise.

No open positions ahead of a news event

If you are looking to trade a news event, it is important to note that there may be no open positions ahead of the event. This is due to the fact that the market may be anticipating the event and has already priced in the expected outcome. For this reason, it is important to wait for the event to occur before entering into a position.

Open position – small profit

When it comes to trading forex, one of the most important tools you can use is the Forex Factory calendar. This calendar provides essential information about upcoming economic events that can impact the forex market. By knowing when these events are taking place, you can make informed decisions about your trades and hopefully make a profit.

In this section, we’ll take a look at how to use the Forex Factory calendar so that you can start making money in the forex market.

The first thing you need to do is find the Forex Factory calendar. This can be done by searching for “Forex Factory Calendar” in your favorite search engine. Once you’ve found the calendar, take a look at the different event categories that are available. These include things like central bank meetings, economic data releases, and more.

Next, you’ll want to select the timeframe that you want to view. The Forex Factory calendar defaults to showing events that are happening in the next 7 days, but you can change this if you want to view events further out into the future. Just keep in mind that economic events can sometimes be scheduled last minute, so it’s always best to stay up-to-date on what’s happening in the market.

Once you’ve selected your timeframe, take a look at all of the different events that are taking place during that time period. If there’s an event that looks like it could have an impact on currency prices, click on

Forex Factory Calendar Final Words

When it comes to economic news releases, the Forex Factory Calendar is one of the most popular and widely used calendars available. While it’s certainly not the only calendar out there, it is one of the most user-friendly and comprehensive calendars available to forex traders. In this article, we’ll take a closer look at how to use the Forex Factory Calendar, including some tips and tricks to help you get the most out of it.

One of the great things about the Forex Factory Calendar is that it’s very user-friendly. The interface is clean and easy to navigate, and you can quickly glance at what’s coming up in the near future.

The calendar is also highly customizable, so you can set it up to display only the information that you want to see.

You can even choose to have it display events in your local time zone, which can be a lifesaver when trying to trade around major news releases.

Another helpful feature of the Forex Factory Calendar is the ability to filter out events that are not relevant to your trading strategy.

For example, if you only trade currency pairs that contain the US Dollar, you can set the calendar to only show events that impact USD-based pairs.

This can be a huge time saver, as you won’t be wasting time looking at events that don’t impact your trading.

The Forex Factory Calendar is an incredibly valuable tool for any forex trader. By taking advantage of its many features,

Forex Factory Calendar Top FAQ

1. How do I use the Forex Factory calendar?
To use the Forex Factory calendar, simply go to their website and look for the calendar tab. From there, you can search for upcoming economic events and filter them according to your preferences.

2. What is the difference between the “actual” and “forecast” numbers in the Forex Factory calendar?
The actual numbers are the most recent data releases for each economic event. The forecast numbers are predictions for future releases.

3. How do I know if an event is going to move the market?
There is no sure way to know if an event will move the market, but you can look at past price action to get an idea of how the market has reacted to similar events in the past. You can also read analyst forecasts and research reports to get a better idea of what analysts expect from a particular event.

4. What is the Forex Factory calendar?
The Forex Factory calendar is a tool that traders use to track upcoming economic events. The calendar includes data releases for things like GDP, inflation, unemployment, and other economic indicators. Traders use this information to predict how the market will move in reaction to these events.

5. How do I use the Forex Factory calendar?
To use the Forex Factory calendar, simply go to their website and look for the calendar tab. From there, you can search for upcoming economic events and filter them according to your preferences.

6. Should you trade Forex news?
There is no easy answer to this question. Some traders believe that it is beneficial to trade Forex news, while others believe that it is best to avoid it. Ultimately, it depends on your trading strategy and risk tolerance. If you are comfortable with the risks, then you may find that trading Forex news can be profitable. However, if you are not comfortable with the risks, then you may want to avoid it.