Actually analyzing the direction of the market using fundamental news to this day she is more difficult than reading the directions in the technical market. The reason is that first, before the official news issued market was already moving to follow the issue. Secondly, when the news was issued we need to interpret it quickly because the market is already in a State of uncertain who are willing to move there. Third, because the fundamental news is just the originator of the direction of the market, then it is difficult to determine the limit of limit prices to determine profit target and stoploss. Therefore trading secar a fundamentally more done by long term trader or long-term peniaga with greater capital to be floppy-floppy dampen the market.
But nevertheless we need to also know how to read forex factory for addendums the science course is perhaps a moment needed in trading or trading strategy as a complement. However, because the function is at least of a forex calendar is as signs signs to determine when to enter the market or at any it was time to be quiet and wait.
How To Read News From The Forex Factory Calender
Below is an example of how to read forex factory calendar or more often was covered how to read forex factory:
The most simple step to read the forex factory calendar is to answer the following question
1. The eyes of wang what the news will output today?
On the forex factory calendar you can see the currency pair's news release on this day. Not all pairs have news that will be issued. So, pay attention to space spy wang what currency will rise the news. That way you can decide whether today will be mentradingkan pair containing the curency for memanfaatan volatilenya or choose to avoid trading on pairs that contain a currency and pick another pair so that technical analysis you can walk normally.
2. How do impactnya?
In the next room there is the writing of the impact. The word impact in English meaning is the impression. On the forex factory calendar illustrated with a colored symbol.
There are four colors used:
A. White, showed that there was no impact caused. Usually the calendar time of the leave bank.
B. yellow, shows that the effect of low or arguably not very influential.
C. Orange, showed that the effect belongs to the medium. Usually able to move market julat 25-60 pips.
D. red, this indicates that the image is very large so it may mengerkan market more than 60 pips may even reach 160 pips.
Of the four types of impact that most often cautious and utilized the impactnya is red. Because usually the Red allotrope could breach the limits the value of the market are technical.
3. What time does the news output?
On the right side of the space the date there is room hours when the fundamental news is released. By default, this is the time of the United States. Therefore you can change it by clicking the writing hours now and then set the time zone to the time in jakarta or the appropriate period into market watch on your metatrader.
After hours on the forex factory equal to the clock on your metatrader market watch or equal to hours in your home. You can see the calendar clock news issued and indicative for signs.
4. How much does the value of output?
On the right side of the room kalener forex factory you will find Previous spaces. This is the current value of issued of a type of news, or in other words the value last month.
The value of the previous Foundation of cedar wood and measuring markers or as a comparison with the value of the latest to be published officially.
5. What is the value of his predictions?
The value of forecast or budget value is data derived from several sources e.g. observers believed the economics or bank before the official rating issued.
The value of the forecast also reflected an expectation, because by looking at the value of forecastnya only part peniaga already foresee the next direction and enters the market.
6. What is the actual figure?
The actual number is the number of official agencies. This is a number that is awaited. But the only number that is far from the State budget which is more often moves the market.