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Forex factory is an immensely popular website that deals with currency trading. The primary attraction this site holds for the currency trading community is its active online forum. The Forex factory forum is arguably one of the most popular online forums with Forex trading in mind. There is a wealth of information available for free to anyone that signs up. Al bases are covered and widely discussed from technical and fundamental trading to a wide variety of strategies that have been proven or are currently undergoing testing. However, as is true on the rest of the internet, most people there are technical traders. Which means the bias of information one will find is definitely on the side of technical Forex trading. The wide variety of strategies found on the Forex factory forum were actually developed there by the members. They are constantly evolving strategies that incorporate ideas from respected members and techniques that improve upon its foundation through extensive testing. Eventually, any particular system that the members feel is worth working on will be finely honed until it reaches a point where it is relatively "complete". At any given moment, you will have a free pick of about ten or so strategies that are undergoing development through discussion. The viewer gets all this information without spending a single cent. Another great aspect of Forex factory is their economic calendar, which is a joy to use. Very easy to understand, economic events are color coded according to the likely impact it will have on a given currency. Interest rate changes are colored red while something like wholesale inventories is yellow. Events throughout the week are listed on their calendar. Should you need further information describing what the event touches on, a simple click will expand a window with a detail description. Over all, many people have found a wealth of information on the Forex factory forums and it continues to be very relevant to currency trading on the internet.
Prema Laga has been in the Forex Trading market for over 7 years and has been interested in all forms of investments since then.
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