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Forex Factory economic calendar is a number one tool for any traders who likes trading on the news. Trading on the news strategy can be very simple and profitable if you use a good economic calendar.
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 I recommend pay your most attention to that news that marked in red. This news will have the most impact on the market and will cause the strongest movements.
Every trader know that the strongest is the movement in the market, the best profits it can bring. Therefore, keep an eye on the most important news when using the forex factory calendar.
Before you start 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. Thus you will be able to open trades on time.
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