A trading community dedicated to helping traders succeed. You won't get any hype or fluff. But only factory good stuff. June 8, By Rayner 20 Comments. No wonder most traders fail because they are in the cycle of hopping from one trading strategy to the next. Forex Factory is factory than just a place to find new trading strategies. There is plenty of news coming out each day from different countries. Like CPI, PPI, Retail Sales, Inflation, Central Bank, and etc. Next, check the red and orange box. This means the calendar will only reflect high and medium impacts news event if you want to include the low impact event, feel free to do so. Lastly, you can select which country news you want. This means as a contrarian, you want to go against the herd. If you want a full explanation on entries, exits, and stop loss… go read The Complete Guide to Finding High Probability Trading Setups. It can remain at an irrational level longer than your account can remain solvent. This is useful for traders who are wondering what time does the London or New York session opens, and whether there are daylight savings or not. With this tool, you never need to second guess yourself again — plus it is synchronized with your local time. You never know if the broker is on the opposite side of your trades, whether they are financially strong, or would simply vanish after taking your money. Forex Factory forex help you filter down a list of brokers that you might consider trading with. They provide a list of brokers you can compare with side by side, so you trading identify the ones that meet your needs. Now, there are many things you can compare across brokers. Their real time spread, markets available, minimum deposit, platforms available, languages, regulatory bodies, headquarters, and etc. Brokers pay Forex Factory a fee to be listed on this page, so a claim of complete independence cannot be made. If are serious about trading, then you must have a trading journal. Once you start journaling your trades, it will attract like-minded traders to your thread. From there, you can exchange ideas and feedback to improve your trading together. Have you ever had your computer crash on you? There goes all your precious information that goes along with it. But by having your trading journal hosted on a cloud, that risk is greatly minimized and you can be certain it will be there for years to come. To see results, you must commit yourself to doing it for 6 months. If you follow what I said, your trading results will improve. You can download it here for FREE. June 8, at 7: Hey Rayner, Thanks for this detailed post on the ins-and-outs of how to use Forex Factory. I totally appreciate what you mean about the beginners cycle, where traders just keep looking out for new trading systems. Specifically, thanks for mentioning the news calendar filter, so that we can focus only on high impact events. June 9, at June 8, at 9: Thank you for providing us information on how to go about and use Forex Factory. On my side I appreciate as they are useful and of great help to me. On my side as I am expecting to start trading as a beginner I find my self having a point to start moving. June 9, at 3: Thanks for opening my eyes to new trading tools using forexfactory. As this may be truth for most traders but how about top traders? June 9, at 9: I use it to see which way the wind is blowing. I try not to get involved in the forums too much, its mostly noise and is a huge distraction. I only have an hour or two to manage and look for opportunities in the morning before work, so I have to use my time wisely. And the strategies section, well…. I try to avoid that section, as it also very distracting. Occasionally I will actually learn something from a trader on the forum, but it hard to figure out which are great traders and which have no idea. I prefer to use more reliable resources for education such as your site, Trading with Rayner. Your style is not exactly a match to mine, as I am developing pattern trader style, but a trend follower at the core. Keep up the good work. June 11, at June 10, at June 10, at 4: Thanx a lot Rayner ,i didnt even know that there site called forex factory,im looking foward to make use of it and to start journal. June 11, at 1: Hi Rayner, thank you for adding value to readers on a weekly basis. June 12, at Great sharing as always Rayner. Currently, I only use Forex Factory for news calendar and its online chart. Never wonder the other tools provided can also be useful. Your email address will not be published. The Price Action Trading Strategy Guide. The Complete Forex to Trend Following. The Trend Trading Strategy Guide. The Support and Resistance Trading Strategy Guide. The Pinbar Trading Strategy Guide. The Moving Average Indicator Strategy Guide. The Complete Guide to Becoming a Consistently Profitable Trader. The Complete Guide to Finding High Probability Trading Setups. The Definitive Guide to Trading Pullbacks and Breakouts. The Complete Guide to Risk Management and Position Sizing. TradingwithRayner A trading community dedicated to helping traders succeed. Start Here Blog Analysis University Ask AskRayner Contact. Get The Ultimate Guide to Price Action Trading FREE. A powerful trading strategy that lets you capture momentum and ride trends How to tell when a BIG MOVE is about to happen by spotting this simple pattern How to identify hidden strength and weakness in the markets, so you can "PREDICT" market turning points. Fill up the form below and download your FREE guide. Trading it to me! June 8, By Rayner 20 Comments How to Use Forex Factory Free Trading Tools — A Complete Guide Have you heard of Forex Factory? And the cycle rinse repeats itself. Now… Forex Factory is more than just a place to find new trading strategies. Do you want to know how? Filter yours news Now… There forex plenty of news coming out each day from different countries. And most of it does not affect the markets as they are not a major news event. So, how do you know which news event to pay attention to and which to ignore? Well, this is where the Forex Factory news filter comes in handy. Knowing this fact, you can then use the sentiment indicator as a contrarian approach. So, how do you enter this trade? Live Forex charts in front of your screen. No downloads, login, or subscription required. Do you know what else I like about it? Well, the good news is… Forex Factory can help you filter down a list of brokers that you might consider trading with. And I know it can be overwhelming to look at so many things when selecting a broker. How many countries is the broker regulated in? What is their real time spread like during normal hours and major news release? How many markets can you trade? Is it easy to deposit and withdraw your money? Is their customer support responsive? So do your own due diligence and find out which brokers suits you best. Without one, you might as go gambling in a casino and it still provides free booze and babes. This increase the odds of you doing it since it makes you look bad if you go back on your word. You can learn from other traders Once you start journaling your trades, it will attract like-minded traders to your thread. You should take advantage of their useful trading tools like: Leave a comment below and let me know your thoughts. You Should Connect With Me Here 13, Members. Comments Jay ITF says June 8, at 7: Thanks again and have a great day! Have a go and let me know how it works out for you. Hello Rayner Thank you for providing us information on how to go about and use Forex Factory. Thanks and Stay blessed! Hi Rayner, Thank you for your article! But one factory to ponder is who are these top traders? I have been using the calendar as part of my daily process for over a year now. Hey Randal Thank you for sharing your thoughts. I appreciate your kind words man! Dear Rayner, thank you for your information ,which is spectacular. Let me know how it works out for you yeah. Leave a Reply Cancel reply Your email address will not be published. Followed by more than 45, traders Saving Retail Traders from Self-Destruction Rayner Teo is an independent trader, ex-prop trader, and founder of TradingwithRayner. Current Hits Download The High Probability Trading Strategy Bundle This market is ripe for a breakout… How to be a Profitable Swing Trader and Survive any Market Conditions with Steve Burns How to Use Forex Factory Free Trading Tools — A Complete Guide The 10 important charts you must see this June…. Start Here About Disclaimer.