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Conclusion This indicator may not provide traders with direct exit-entry or buy-sell signals. But it can do what other hands cannot. It can give a heads up to Forex traders about upcoming economic conditions and how they can impact the forex trading market. Other tools lack such features that this tool has.

So, if a trader wants to consider such information while trading Forex, they must use the Forex Factory Calendar Indicator with other tools. Its pre-warning feature gives a trader enough time to plan their move. Another advantage of this indicator is that it can be combined easily with other systems or strategies used in Forex trading. Therefore, a trader does not have to worry about switching between different systems. However, traders must understand that this indicator cannot be used as a Buy-Sell indicator, but only for the purpose, it is made for.

The large majority of these will be irrelevant. Luckily, on Forex Factory we can filter out a huge amount of the irrelevant news releases. These are not usually responsible for any kind of price movement as they hold no weight. For most retail traders this will be the CNY. Keep all event types as they could all be relevant to price movement. Forex Factory actually help break it down in more detail by clicking on the folder icon.

This will help you make more informed decisions as to whether to keep your positions in the market, or go flat.

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