Can anyone share with me hwo to read the forex factory calendar? What does actual, forecast and previous means? how to determine which pair is related and how to decide if it is going up or down?
Thanks in advance!
Thanks in advance!
Calendar as Fundamental Source at Forex Factory 14 replies
calendar reading please 1 reply
reading the factory 4 replies
Reading......and reading....... 21 replies
DislikedI've said it before, but I'll say it again. You are all working from the premise that there is a linear relationship between the news and the currencies. News at 10:00 is bad for Eur, therefore Eur should lose value. It simply doesn't always work that way. Examine your underlying premises then you'll start making progress in your understanding.Ignored
DislikedAm also passing through the same problem here. I was meant to understand that news releases with green figures are stronger and those with red are weaker. But one thing that is confusing me is that negative signs are some times attached to some of the figures say -5.2 in green color and -6.3 in Grey color. I want to know between this two numbers which one is bigger because in mathematics I was taught that -5.2 is greater than -6.3. Some body help please.Ignored
DislikedThis is a very important thing to know and understand for all new traders. See Philip Tetlock's work about analysts, it's an eye opener and it should teach you a valuable lesson.Ignored