Why Exness Traders Are Flocking to Forex Factory’s Calendar and Free Tools
By Space Coast Daily // October 6, 2024
If you’re new to trading on Exness or looking to improve your strategy, understanding the right tools can be a key element. Forex Factory stands out for its powerful set of resources designed to improve trading strategies.
But why is it that Exness traders are increasingly turning to Forex Factory’s calendar and free tools? What makes these tools so indispensable for both beginners and experienced traders? Keep reading to find out how these features can potentially improve your trading and why they are becoming a staple resource for Exness users.
Exness: How to Register and Log In
In order to begin trading with Exness, you first need to register for an account on their website. Traders Union analysts note that Exness offers a straightforward registration process that allows traders to quickly access their personal membership area. Here’s a step-by-step guide on how to sign up and log in:
- Go to the Exness website and select the “Open Account” option.
- Enter your account details, including your country of residence, email, and password. If applicable, provide a partner code to link your account to the Exness partnership program. Confirm that you are not a U.S. citizen and continue.
- Log in to the Exness terminal using the credentials you provided during registration.
- Access your personal area by navigating the drop-down menu. This is where you manage your account settings.
- Open a new account by selecting your preferred account type—either standard or professional. You can select either a live trading account or a practice demo account.
- Set up your trading account by specifying your preferred trading platform, leverage, balance, currency, and account nickname. Complete this by creating a password.
- Start trading once your new account is visible in your Exness personal area.
For demo accounts, after logging in, you can select “Open a new account,” choose a demo, set your preferences (platform, currency, leverage), and finalize by clicking “Create an account.” Similarly, for real accounts, choose your settings and click “Create an account.”
Advantages of the Exness members area include an intuitive interface for managing accounts, viewing balances, and transaction histories. It also simplifies funding, withdrawals, and account verification processes, while providing easy access to customer support.
However, disadvantages include the limitation that trades cannot be executed directly from the members area, and advanced trading tools typically found in standalone platforms are not available here.
Key Features of Forex Factory
Forex Factory is widely regarded as one of the most established and trusted trading communities online, known for providing a wealth of tools and resources for traders of all experience levels. As part of the Fair Economy Inc. group, Forex Factory specializes in the forex market, offering traders a platform to discuss strategies, exchange ideas, and access crucial market data. One of its standout features is the Forex Factory Calendar, which offers real-time updates on global financial events that impact currency markets, allowing traders to track and react to economic shifts.
The Forex Factory Calendar is designed to be user-friendly despite the depth of information it provides. It displays a table that tracks all market-relevant events by date, currency, and expected level of impact. Traders can filter the calendar to focus on specific currency pairs and relevant economic data. This tool is particularly useful because it enables traders to synchronize market events with their local time zones, helping them stay on top of critical developments.
Additionally, Forex Factory’s News section serves as a valuable resource for traders seeking up-to-date information on currency markets. Users can adjust the filters to display news categories that matter most to them, which is especially helpful for day traders who need timely insights. Another essential feature is the Market Scanner tool, which provides a historical analysis of how market events have influenced currency prices, helping traders predict future trends based on past events.
Lastly, the Trade Explorer feature allows advanced traders to monitor their trading performance in detail. It automatically logs all trading activities from connected brokerage accounts, providing a clear overview of strengths and weaknesses. The platform also offers a forum for users to share their trading journals, offering an additional layer of community-driven support and insights.
Expert Thoughts
Financial expert Anastasiia Chabaniuk explains, “Exness traders are increasingly turning to Forex Factory because of the comprehensive tools available at no cost. The Forex Factory Calendar, in particular, helps traders stay informed about critical market events, giving them a competitive edge. It’s a practical resource for tracking high-impact events that directly affect their trading decisions.”
She adds, “Forex Factory stands out with its seamless integration of real-time updates and intuitive tools, making it a vital resource for anyone aiming to enhance their trading strategies while keeping costs at bay.”
