What is Forex Factory?

Forex Factory is one of the most well-established and widely used online platforms for forex traders, providing real-time market data, an industry-leading economic calendar, trader forums, broker comparisons, and trade analytics tools. Founded in 2004, Forex Factory has become a daily destination for millions of retail and professional traders worldwide.

While Forex Factory is not an AI-powered tool, it plays a critical role in data-driven trading, often used alongside AI trading bots, algorithmic strategies, and automated analysis platforms. Its strength lies in delivering accurate macroeconomic data, market sentiment insights, and community-driven intelligence that traders rely on to make informed decisions.

Key Features of Forex Factory

Economic Calendar (Core Feature)

The Forex Factory Economic Calendar is widely regarded as the most accurate and trader-friendly calendar in the forex industry.

Key highlights:

• Real-time updates on global economic events

• Color-coded impact levels (low, medium, high)

• Event filtering by currency, impact, and time

• Automatic time-zone adjustment

• Historical data for backtesting strategies

Real-Time Market News Feed

Forex Factory aggregates breaking forex news from trusted financial sources, ensuring traders stay ahead of market-moving events.

Benefits include:

• Fast news delivery

• Relevance-focused headlines

• Minimal noise compared to mainstream finance sites

Active Trading Community & Forums

The Forex Factory forum is one of the largest trading communities online, with millions of posts covering:

• Trading strategies

• Indicators and EAs (Expert Advisors)

• Market psychology

• Broker reviews

• Trade journals

Trade Explorer & Performance Analytics

Forex Factory offers a Trade Explorer tool, allowing traders to link their trading accounts and analyze performance metrics such as:

• Win rate

• Drawdown

• Risk-to-reward ratio

• Monthly growth

• Open vs closed trades

Broker Comparison & Reviews

The platform includes a broker directory that evaluates brokers based on:

• Regulation

• Spreads

• Execution speed

• User feedback

Market Sentiment Indicators

Forex Factory displays retail sentiment data, showing how traders are positioned across currency pairs.

This is especially valuable for:

• Contrarian strategies

• Identifying overcrowded trades

• Confirming trend exhaustion signals