FPA introduces some neat features on its news calendar
FPA introduces some neat features on its news calendar.
I think pretty much everyone is in agreement that the best Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term calendar around is probably the Forex Factory calendar. Actually, for a long while, it used to be the only calendar around amongst major fx portals/forums. Despite the initial lack of competition from other major forex sites, the FF team made sure theirs was still an excellent one at that.
Recently, we've seen more and more sites release their own forex calendars, with BabyPips and Forex Peace Army being amongst the most prominent. For those of you old enough to remember ForexBastards.com, it was exceedingly concentrated upon trading the news, without paying attention to any other trading methodology. It's only until it's transformation from the bad boy of forex websites to the "keeper of the peace", i.e. it's renaming from ForexBastards.com to ForexPeaceArmy.com did it actually allow, suggest or even promote anything other than trading the news (which by the way was very risky, and is even more so today).
Which is why today's announcement is slightly surprising given that it's introduced some new features that probably actually cater more for those hardcore group of forex news traders.
Firstly, they've introduced a "bell" icon next to any news event. This means FPA will have given their own idea of what might happen during the event. Fair enough. Except FPA actually call it their "Daily Trading Signals" (and have done for years), which it's not really. More like an overview of the history and potentiality of that particular release.
Another thing they've added is the 1min spike info. You can now see what the biggest ever spike was for any given release. Plus, along with the number of stars which indicate the impact of a news release, you can also view a 6 month history of it's spikes, which they combine into what they call their "Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term Rating". They also show the most appropriate pair for each release, which is again - useful if you're a spike trader, and you're looking for the best pair to trade for any specific news release.
Overall, I do like the improvements made by the FPA team, and whilst nothing here is revolutionary, there are some neat little innovations which no other calendar has implemented. They may be useful to some more than others, but nevertheless, it's definitely an improvement.
You can check out the features in more detail here:
https://www.forexpeacearmy.com/forex-forum/general-forex-talk/12995-fpa-calendar-new-upgrades.html
FPA introduces some neat features on its news calendar.
I think pretty much everyone is in agreement that the best Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term calendar around is probably the Forex Factory calendar. Actually, for a long while, it used to be the only calendar around amongst major fx portals/forums. Despite the initial lack of competition from other major forex sites, the FF team made sure theirs was still an excellent one at that.
Recently, we've seen more and more sites release their own forex calendars, with BabyPips and Forex Peace Army being amongst the most prominent. For those of you old enough to remember ForexBastards.com, it was exceedingly concentrated upon trading the news, without paying attention to any other trading methodology. It's only until it's transformation from the bad boy of forex websites to the "keeper of the peace", i.e. it's renaming from ForexBastards.com to ForexPeaceArmy.com did it actually allow, suggest or even promote anything other than trading the news (which by the way was very risky, and is even more so today).
Which is why today's announcement is slightly surprising given that it's introduced some new features that probably actually cater more for those hardcore group of forex news traders.
Firstly, they've introduced a "bell" icon next to any news event. This means FPA will have given their own idea of what might happen during the event. Fair enough. Except FPA actually call it their "Daily Trading Signals" (and have done for years), which it's not really. More like an overview of the history and potentiality of that particular release.
Another thing they've added is the 1min spike info. You can now see what the biggest ever spike was for any given release. Plus, along with the number of stars which indicate the impact of a news release, you can also view a 6 month history of it's spikes, which they combine into what they call their "Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term Rating". They also show the most appropriate pair for each release, which is again - useful if you're a spike trader, and you're looking for the best pair to trade for any specific news release.
Overall, I do like the improvements made by the FPA team, and whilst nothing here is revolutionary, there are some neat little innovations which no other calendar has implemented. They may be useful to some more than others, but nevertheless, it's definitely an improvement.
You can check out the features in more detail here:
https://www.forexpeacearmy.com/forex-forum/general-forex-talk/12995-fpa-calendar-new-upgrades.html