Forex Factory is stepping up its development efforts lately in order to regain its status as world’s largest forex website. In Q2-3 2011 FF suffered from decline in traffic however managed to regain most of the drop in Q4 as seen in the latest media survey published in the Forex Magnates Q4 2011 Industry Report.
FF just released a very cool feature which is one of those features you ask yourself how they weren’t done earlier. Market Chart now shows both the market price of the currency pair you are tracking and can now also show both future and historical News and Calendar events. So basically from now on you can track backwards how certain news releases and calendar events affected the markets and see what future events are expected and when. Although you can do something similar on MT4, FF’s chart is certainly much more flexible and interactive. The only thing remaining of course is seeing what events are to happen in the future and predict how the market will react – but that’s something for traders to do…
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In 2011 FF has released Trade Explorer – an online interface that connects with your MT4-based brokerage account to put hundreds of metrics and over 60 graphs at your fingertips. Explorer not only helps you evaluate your historic trading performance, but it automatically synchronizes with your brokerage account to give you real-time analytical capabilities.
FF then released Trades – a stats publishing tool which allows to share trades and see who’s doing what and how they trade.
In general it seems that the media forex websites are now moving from providing just passive content (portals, forums) to provision of more interactive and useful data and services.