Forex Factory Calendar (FFCal) Indicator
FFCal is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.
CATEGORIES: MT4, SIGNAL, INFORMATIONAL
Updated on: 28.10.2023
Forex factory created the calendar indicator indeed to help the traders by transferring the news from the web to the trading terminal. However, this transformation enhanced the trading style of many traders. A single economic release such as the NFP or Interest rate announcement of a Central bank can reverse the market trend. Since prices are very vulnerable to drastic movements during news releases. This Forex Factory Calendar indicator provides traders which a much-needed warning and an excellent trading opportunity.
How to trade successfully using the Forex Factory Calendar Indicator?
Promotion:
Fundamental traders can either place a BUY or SELL trade in advance of a news release while comparing the previous data and the anticipated data. A few other types of fundamental traders wait for the news release and then interpret them and place a trade accordingly.
On the other hand, technical traders use the new release timings to either decide to hold or exit an existing position or adjust the stop loss and take profit.
The forex factory economic news release indicator is an essential tool for both new and experienced forex traders. Both fundamental and technical traders can benefit from this MetaTrader indicator. The fundamental trader can benefit from trading the news releases. On the other hand, the technical traders can benefit by anticipating price fluctuations and adjusting their trading strategy accordingly.
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