Response to voter fraud allegations

April 22nd, 2009

With all the commotion over on today’s very popular story, where the mysterious simonwilson5 accuses some FF news contributors of cheating the News voting system, the FF team feels some explanation is due.

1P1U

Forex Factory doesn’t have the same ‘multiple personality’ problem you’re used to seeing on other sites; at least not to the same extent. We’ve always taken this problem very seriously, and about a year ago we developed a sophisticated system called 1P1U (stands for one-person-one-username) that identifies and blocks multiple username activity by looking at more than just IP addresses. If you’ve ever tried to post/vote with a second username you’ve most likely had a run-in with 1P1U. The system is far from perfect but overall it does a great job, especially when it comes to stopping unethical behavior, and we are constantly improving it.

The bottom line is you can be assured that FF news providers are not ‘cheating’ the vote by having one person vote with multiple usernames.

Vote manipulation

We are well aware that the vote is being manipulated by many news providers. And we’ve spent countless hours analyzing and investigating this. The primary way it’s being done is by providers telling their friends/fans/visitors/students/employees to vote on the stories they’ve posted on Forex Factory. We estimate that 95% of the unrealistic vote counts are a result of this method.

Is it cheating? We don’t think so. Most of our commercial news providers want as much traffic to their website as possible, so we think it’s perfectly natural that they will ‘play the game’ to get more exposure for their news submissions. We take most of the blame for having a system that can be manipulated so easily that it creates a game-like environment.

Work in progress

Please know that we’re not at all happy with manipulation controlling which stories are the most visible. We realize that’s the current situation and it’s been bugging our team for a long time!

If we knew a way to eliminate vote manipulation, without tight restrictions on voting, believe me it would be done by now. After a lot of meeting and discussions and trying new things out, we think the best solution is to increase community participation in the News section so that manipulation has little effect. The transparent voting initiative is part of our plan to increase participation, and there’s a lot more on the way.

The goal

Our plan is to tweak the News systems until we achieve our goal of having the most useful stories be the most visible. To us it’s all about getting the relevant news right in front of you and getting the junk out of sight. Sure we have a long way to go, but with some layout re-designs, vote formula changes, transparent voting, and policy shifts, we definitely think we can get there!

Want to help? Vote regularly!!! A powerful community vote mutes manipulation and brings the best stories to the top! Submitting good stories you find around the Internet is also very helpful.

I hope this clarifies a few things! And rest assured we are reading your feedback, wherever you post it. ;)


Posted by Sidney, Forex Factory Director of Marketing

News votes now public

April 20th, 2009

Have you ever wondered who voted on a particular News story? Wonder no more – today we released a feature that names every Useful and Fade vote! You can see the list of voters by clicking on the vote statistics, as shown below.





This feature is part of the transparent voting initiative I told you about in a blog post earlier this month. We have several related features rolling out soon, one of which is a ‘vote history’ that will show you a list of stories a member voted on. You’ll be able to see which of today’s stories your friend found Useful, for instance.

I also mentioned in my previous post that you can strip your voting history by using a temporary link on your member profile page. If you aren’t comfortable having your votes made public please strip your votes soon because that link will be disappearing in a few days. After it’s gone the only way to undo votes will be one-by-one.

We hope this added transparency improves your news reading experience! If you have any feedback let me know! Oh, and thanks for all the comments we’ve been getting on the blog! All of your feedback is discussed by our team and many ideas have already made it to our production list! :)


Posted by Sidney, Forex Factory Director of Marketing

Central bank gadget launched

April 18th, 2009

We just launched a cool gadget that gives you at-a-glance central bank rate information. Before you start thinking “Oh no…not another list of interest rates!,” at least take it for a spin! You can find the gadget at the bottom-left of the News page (its beta residence).




Gadget features include:

  • Updated in real-time
  • Fully automated
  • Rate relativity bars
  • Links to last and next releases
  • Links to 9-year rate charts
  • Links to central bank websites
  • Do you guys have any ideas on how we can make this gadget better? On what pages would you like to see it? We appreciate all your comments! :)


    Posted by Sidney, Forex Factory Director of Marketing

    News votes are going public

    April 2nd, 2009

    Hey news fans, the News section will be under construction for the next couple weeks while we implement several new enhancements. Upgrades started yesterday when we launched a news subscription system that enables you to subscribe to news comments the same way you can with thread replies. Like threads, you’ll be auto-subscribed to stories you’ve commented in, or you can manually subscribe by clicking on the “Subscribe to Comments” link. You’ll get email updates according to your preferences.

    The most dramatic change coming is that all news votes will be made public, allowing you, for instance, to see what your friends are voting on. We’re excited to make this change because transparent voting opens the door to bundles of cool features (many of which we’re working on!).

    Realizing that you might have expected your past votes to remain anonymous, and that many members don’t want their past votes made public, we’ve built a temporary feature into every user profile. Look for a link next to your vote count that says “strip all votes.”

    If you do not want your past votes to be made public, use this feature to erase your voting record.

    Remember, your feedback guides our future development! Let us know what you think!


    Posted by Sidney, Forex Factory Director of Marketing

    Web Syndication beta testers needed

    March 20th, 2009

    We’ve been working hard on a major new initiative – Forex Factory Web Syndication. It’s a collection of Forex data tools that webmasters can install on their website or blog. We hope to have the first phase of Web Syndication rolled out in April, and we’re currently in need of some beta testers to give us feedback before launch.

    If you’re a webmaster and interested in participating in the beta test, please get in touch with me by submitting a contact form with the subject ‘Syndication Beta Test’. Please specify the URL where you’ll be installing the tools. Your help will be very much appreciated!

    See you again in a few weeks for Web Syndication’s public launch!


    Posted by Michael, Forex Factory Syndication Manager

    Diffusion index charts improved

    March 18th, 2009

    There are a few dozen indicators we report on the Forex Factory calendar that are based on a diffusion index, whereby a reading below 50.0 signals contraction/pessimism and a reading above 50.0 signals expansion/optimism (e.g., Ivey PMI, ISM Manufacturing PMI, Economy Watchers Sentiment, NAHB Housing Market Index).

    Today we launched a modification to the charting for these diffusion index indicators that breaks the chart’s y-axis at 50.0 rather than the standard 0.0. This minor tweak aligns the chart visual with the indicator’s intended interpretation.

    Before (chart breaks at 0.0):



    After (chart breaks at 50.0):



    You will have a chance to put this modification to use on Tuesday when there is a handful of PMI indicators being released for the Eurozone.


    Posted by Tim, Forex Factory Senior Economist

    Welcome to The Forex Factory Blog!

    March 17th, 2009

    Hello Forex Factory members! Given the increasing number of new enhancements, new features, and exciting things going on around Forex Factory, we think it’s about time we launch the official Forex Factory blog. Welcome to the first entry! Ok, so we’re a few years late with this – we’ll try to make up for it by keeping this blog updated often. ;)

    S&C

    Let me kick things off by telling you about some recent Forex Factory coverage in the press. We were super excited to have the FF calendar featured in the March issue of Stocks & Commodities Magazine! As you may know, S&C is a leading publication for traders, and to be featured on a full page (pg. 68) with a mention on the cover is really an honor! If you aren’t an S&C subscriber, you can pick up a copy of the March issue at your local bookstore or get a subscription at http://www.traders.com.

    FX Week

    FX Week, the Forex industry’s leading newsletter, featured the FF calendar in the March 2nd issue, in the “News in Brief” section. FX Week is a weekly publication for industry professionals and serious traders – you can check them out at http://www.fxweek.com.


    Posted by Sidney, Forex Factory Director of Marketing