In this XM review, we’ll discuss the benefits and drawbacks of using the Forex Factory service. One of the most important features of the site is its forum, which allows members to interact with one another in a friendly environment. In addition, the company’s rules prohibit trolling, flaming, and other inappropriate behavior. As such, it’s important to choose your posts wisely.
Forex Factory features a number of tools that can help you trade more effectively. For example, it has a member leaderboard that allows you to see which traders are making the most money each month. You can also look at aggregate positions, which are orders placed in the forex market that were made by a specific member.
Another feature of the Forex Factory is its trade graph. This feature allows users to see the performance of their trading without having to look at a complex chart. Traders can customize the trade graph by changing the way that the profits are displayed. There’s also an option to toggle the balance between the equity and trading accounts, which lets you decide whether or not to include the equity balance when calculating profits.
A calendar is another helpful feature. The Forex Factory Calendar features a convenient way to stay on top of news and rate decisions. Its convenient interface features practical icons and a handy legend. Moreover, you can even change the time zone in the calendar, if you wish. However, if you use the calendar to analyze your trading, make sure it’s set to your local time.
The Forex Factory also offers a powerful tool for analyzing economic events. Its price graph will show you the change in price for any currency pair, with a default setting of EUR/USD. The system also allows you to view price changes over several time frames. You can also filter the data by keyword or impact.
Another great feature of the Forex Factory is the Brokers Monitor tool. This tool is updated every day by the company’s staff. It shows you basic information on brokers, and you can expand the information by clicking the icons in the column headers. The tool also has a filter to sort the list of brokers according to your preferences.
Unlike similar websites, the Forex Factory also offers powerful tools and features for experienced traders. The program has over 25 technical indicators and includes instant streaming quotes every minute. These features enable serious traders to make informed decisions and become more profitable. The website is primarily an educational resource, but subscribers can also trade with recommended brokers.
Another useful feature of the Forex Factory is its news calendar. It shows you market trends as they develop, and it allows you to use historical price data to formulate your own trading strategies. You can also search for trading news by keywords and dates.