Well what can forextrading.my say about forex factory that hasn't been said already. Needless to say, we are huge fans of forex factory.com. This website has single handedly helped so many beginners from Malaysia as well as other countries with forex trading that they deserve an award of some sort. Their forum is why Forex Factory is so popular.
The forex factory forum has the largest active international forex trading members of any forex forum. Many have tried to emulate the success of forex factory but many have failed. onorable mention goes to Oanda's forum which is an active forum in its own right.
The forums allure lies in the wealth of information that is available for free to anyone that registers. All kinds of forex trading techniques can be found there from fundamental to technical traders. The vast majority of them seem to be tehnical traders however. As such, most of the information that you will find there tends to deal with technical trading. There are always a wide variety of trading systems for try out that were created by the members themselves. Not all of them are consistent but thats the beauty of the forex factory forum. Each system evolves as more and mroe members jump on the bandwagon to test the system out. 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". And because they are so many forex trading systems being reviewed and worked on, you have the veritable pick of the litter as far as variety is concerned.
Forex factory also has a very user friendly economic calendar which is immensely useful for fundamental forex traders. A weekly list of forex news is displayed on their calendar webpage. Economic news is color coded for impact. Red denotes a high impact forex news release, orange for intermediate impact and finally yellow coded news sees little or no impact on forex charts.
While dailyfx and FXStreet are sound forex news websites, we feel that forex factory has a definite advantange in terms of user friendliness and the amount of interaction that goes on between online forex traders. Many a forex trader have honed their skills by spending some time on forex factory's forum. We fully expect forex factory to be around years from now when the forex trading market sees even more activity from the newcomers to the trade over the years to come.
