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Forex Factory Economic Calendar: The Best Indicator Tool For News Trading

By on May 19, 2020 0 5 Views



Forex Factory economic calendar is the one tool that all successful professional traders use. Trading on the news strategy can be very simple and profitable if you know how to use the economic calendar.

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While there are many economic calendars, most of the traders agree that the economic calendar provided by Forex Factory is the best one.

The calendar will show a trader when the news is going to be released, what currency it will influence and how important it is.

When trading on the news using a forex factory economic calendar, we recommend paying the most attention to the high impact news (red). Such news has the most impact on the market and will cause the strongest movements.

Every trader knows that when there is a strong movement, then there is an opportunity to make a killing.

Therefore, keep an eye on the most important news when using the forex factory calendar.

When using the economic calendar forex factory site, make sure you set up the time of the calendar correctly. Click on the time and change it according to your local time.

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