FXCM Expo sponsored by FF

March 23rd, 2010

Forex Factory is a proud sponsor of the FXCM Expo at the Rio in Las Vegas, May 3-4, 2010!

This free two-day event includes educational courses for all trading levels taught by FXCM’s course instructors as well as the DailyFX research analysts. There will be over 60 classes and workshops covering a wide range of topics important to today’s Forex trader. Many FF members will be pleased to know there’ll be a course track designed specifically for the MetaTrader community! See the full workshop schedule.

You can register for the Expo, for free, at fxcmexpo.com, or contact an FXCM representative for more information at 1.888.503.6739 or info@fxcm.com.

Please note FXCM has secured a limited number of discount rooms at the Rio for Expo guests. By staying at the Rio, not only are you an elevator ride from all the action, but every room is a luxurious suite! In order to get the exclusive Expo discount, you need to reserve your room online before they’re all gone!

See you in Vegas! :)

Posted by Sidney, Forex Factory Director of Marketing

Market data goes live

February 23rd, 2010

You might have noticed we’ve been rolling out the live socket for the new Market tab.

The live socket allows us to push real-time data from our servers to Market’s chart and quotes table. If you appreciate the fact that Market’s quotes are a composite derived from multiple brokers, you’ll love seeing it happen live. :)

At this time the ‘Live’ box must be checked every time you visit — the setting is not remembered like the other features on the page. This is by design, to reduce page load times and server load. We plan to make the Live button “sticky” when we can do so reliably. Also, the Chart and Composite Quotes have independent Live settings. This gives you control over how much processing your computer must do. For example, you may only need to see a live chart, and don’t want to waste resources on live quotes.

We’re hard at work ensuring the reliability and accuracy of Market, and stay tuned for some cool data-aggregating features currently being developed. If you run into a bug or have ideas for improvement please comment or contact us!

Posted by Michael, Forex Factory Product Developer

New product: Market

November 29th, 2009

Today we’re proud to introduce Market — a flexible, customizable, quick view of the Forex market.

See Market in action or read the user guide to learn how it works.

Our goal was to develop an interface that allows Forex traders to quickly and easily see what the market is doing. The quotes table displays ten currency pairs, the pip and percentage change for each, as well as the period high/low – all of which is customizable and remembered on your next visit. Beside every currency pair is a chart icon which sends the currency to the interactive chart. There you can get a proper visual by adjusting the interval, chart type, and cursor. And if you fret doing time zone conversions you’ll be happy to see that the chart adheres to your time settings.

While the interface was designed specifically for the modern Forex trader, what makes Market really unique is that it’s powered by Forex Factory’s Market Data System (MDS) – a custom-built infrastructure which aggregates quotes from multiple Forex brokers. All data you see on Market is collected and averaged by MDS, providing you the truest view of the Forex market.

Market is one of our most complex products to date; most of our team has been working on it ever since we launched Broker Quotes (another MDS-powered product) in July. We have a lot of great ideas for improvement, but our first objective is to ensure the data is stable and highly reliable. Once that’s achieved, we’ll be focusing on the live socket version which will automatically push data to the page, so you won’t have to manually refresh anymore. :)

Market is still in beta form so you’ll likely see some errors and downtime. We need your help ironing out the bugs, so if you run into one, or just have general feedback, please drop us a line!

We hope you enjoy the new tab!

Posted by Michael, Forex Factory Product Developer

News content by FNN

August 27th, 2009

A big change is being made to the News section today! All stories will now be provided by members of the Factory News Network (FNN), a team of familiar faces we’ve organized to bring you the most timely, insightful, and interesting Forex news in the world. :)

FNN members will provide a blend of stories from around the web and personally authored stories – all catered to Forex traders. The founding members of FNN include:

caseystubbs | Representing Winners Edge Trading

James Chen | Representing FX Solutions

ForexDatasource | ForexDatasource.com

Learning Markets | Learning Markets

Mohammed Isah | Representing FXTechstrategy

TheLFB.com | TheLFB

Trout | Representing Trading University

Yohay | Representing Forex Crunch

The introduction of FNN marks the end of Forex Factory’s wide-open story submission format. After a long wrestle with the model we don’t feel it can produce the level of quality and value that we expect from our products. As a coordinated team of analysts and traders, FNN has the skills to deliver the consistent and reliable news that’s been lacking in the open format.

As always, we welcome your feedback!

Posted by Sidney, Forex Factory Director of Marketing

Broker Quotes beta launched

July 28th, 2009

After a substantial development period we’re proud to unveil Broker Quotes, the world’s first multi-source Forex quotes!

Broker Quotes is small in size but big on functionality. It supports 27 currency pairs quoted in real-time by any combination of eleven brokers. The interface is fully customizable and remembers your settings with cookies. The details of Broker Quotes operation and design are covered in the user guide, which is a required reading if you want to get the most out of it.

Broker Quotes has an intricate back-end that is yet to be load tested, so there may be a few crashes and bugs during the beta period (disclaimer! ;) ). If you encounter a bug or have an idea for improvement make sure to comment or contact us!

Posted by Scot, Forex Factory Senior Developer

FF calendar meets China

July 14th, 2009

Today we launch our coverage of key Chinese economic data. The following events will now be reported on the Forex Factory calendar:

  • GDP q/y
  • Industrial Production y/y
  • Trade Balance
  • Manufacturing PMI
  • CLSA Manufacturing PMI
  • CPI y/y
  • PPI y/y
  • Fixed Asset Investment ytd/y
  • More Coming Soon

    As you may have noticed, Chinese data releases are gradually having a more pronounced impact on the currency markets. Presently their influence can rival high-profile G7 indicators, especially in regard to the yen and commodity currencies. It has long been evident that we needed to add the Chinese yuan (CNY) to the calendar, and early this year the Forex Factory economists set out to tackle the project.

    The sources for Chinese data are far less transparent and less reliable than we are used to dealing with on the calendar, which is why we had avoided CNY for so long. It took our team five months of research, source gathering, release monitoring, and beta-testing to report the data with the same quality and reliability that we strive for on the calendar.

    We cannot change how Chinese sources release and schedule data, but we can implement procedures that will bring clarity and consistency to our coverage. We have made several ‘FF Notes’ (see the Detail View by clicking the icon) to inform you of special circumstances you might expect to see, and we created a new set of ‘FF Alerts’ (see the inside the Detail View, where applicable) that will be used keep you abreast of scheduling issues as they happen. For the least reliable release schedules we opted to set the event’s default time to ‘Tentative’ to make you aware that we don’t know the exact release time. With all CNY data you should be prepared to see surprise early releases, leaked data later retracted, and data being delayed for days – we will do our best to inform you of these issues with the FF Alert function. Finally, we ask that you be slightly more forgiving of our mistakes as we become further acquainted with the new coverage.

    We will report our first live CNY data in about 24 hours… see you there!

    Posted by Tim, Forex Factory Senior Economist

    Dynamic thread bookmarks

    July 10th, 2009

    In response to numerous member requests, we built a new feature that lets you dynamically bookmark four thread locations – the first page, first unread post, last page, or last post.

    These bookmarks are especially useful if you follow the high-activity threads in the Interactive Trading forum, as you can now access the latest thread updates with one click of your bookmark.

    Thanks to the members who suggested this feature! :)

    Posted by Sidney, Forex Factory Director of Marketing

    Forex Factory on Facebook

    June 30th, 2009

    We finally made it to Facebook! We welcome you to visit the official Forex Factory Facebook page and hope you’ll “Become a Fan” if you’re a Facebook member.

    To kick things off we built an automatic Wall stream that pulls the most active new threads and the top-voted stories on a daily basis. Let us know if you find it useful! What else should we add to our Facebook page?

    Posted by Sidney, Forex Factory Director of Marketing

    A start on aggregate sentiment

    May 22nd, 2009

    We whipped up an interface to monitor the activity on the Trader Sentiment feature launched on Tuesday. It was only supposed to be used for internal purposes but I thought it was so cool that I convinced the team to let me put it on the blog. :)

    Have a look: http://www.forexfactory.com/sentiment.php

    Posted by Sidney, Forex Factory Director of Marketing

    Trader Sentiment beta launched

    May 19th, 2009

    Are you bullish on the euro? How about the yen? If you were sharing your opinion with our new Trader Sentiment feature, I’d already know! ;)

    Launched today in beta form, Trader Sentiment lets you broadcast your opinion on currencies, commodities, stocks, and interest rates – right on your FF profile!

    It’s pretty simple – you share your sentiment through an interface in your Control Panel, which then shows up on your public profile. Now anyone can see your detailed market outlook at any given time.

    So give it a try, then comment or contact us to share your thoughts and observations. We love to hear your feedback!

    Posted by Sidney, Forex Factory Director of Marketing