a high impact news release can be devastating. If you think of the Forex market where you are trading currency pairs, a countries economic health is vital to the currency. In short, red equals high-impact, orange is medium-impact and yellow represents low-impact news. If you are a swing trader, daily news events may be not much of a concern but for a day trader, you need to know exactly what news events are coming so you can take action. Once the icon above is clicked, you will immediately see additional details of the event.
How To Use The Free Forex Factory News Calendar In Trading
This is convenient if you only want to display certain types of news events or are only interested in specific currency pairs. This means setting the filter to include only the medium and high-impact news events. The impact section is vital. This is the span of time that will be shown on the calendar. It will all make sense by the end of the tutorial. Again, you will have to dig through a ton of posts to find something that could be useful.
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