The scheduled disclosure of economic reports, official statements and statistical data often act as catalysts for enhanced volatility facing the valuations of currencies. For active traders, being aware of industry expectations, actual data and the exact timing of the event itself are integral aspects to help manage risk and maximize potential opportunity.
The information on Forex Factory is sourced in from Fair Economy and relayed in real time. Micro movements are also monitored by the broker partners of the platform. Forex Factory follows standard candlestick charts of multiple durations ranging from 1 minute to 1 month. There are 28 forex instruments available to trade on Forex Factory that are offered by its different broker partners.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.