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Forex trading, also known as foreign exchange trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest and most liquid financial market in the world, with an average daily trading volume of around $5 trillion. Forex trading involves buying and selling currencies with the aim of making a profit from the fluctuations in their exchange rates.



One of the most popular and well-known resources for forex traders is Forex Factory. This online platform provides real-time market analysis, news, and economic data to help traders make informed decisions. In this article, we will delve into the mysteries surrounding Forex Factory and uncover its secrets.



The History of Forex Factory



Forex Factory was founded in 2004 by a trader named Merlin Rothfeld. Initially, it was a simple forum where traders could interact and share their ideas and strategies. However, it quickly gained popularity due to its user-friendly interface and valuable resources. As the community grew, Forex Factory started offering more features, including economic calendars, real-time market analysis, and a news section.



Today, Forex Factory has over 1 million registered users from all over the world. It has become one of the most visited websites for forex traders, and its forums are filled with discussions on market trends, strategies, and trading techniques.



The Mystery of the "Calendar" Tab



One of the main features of Forex Factory is its economic calend...

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ar, which displays the upcoming economic events and their impact on the market. This calendar is considered a valuable tool for traders as it helps them plan their trades around important events that could potentially affect the market.



However, there is a mysterious tab on the calendar called "Forecast" that has puzzled many traders. This tab shows the expected value of an economic event, which is often different from the actual value. The mystery lies in how this forecast is calculated and who is responsible for it.



According to Forex Factory, the forecast is based on a combination of data from various sources, including economic analysts, financial institutions, and government agencies. However, the exact formula used to calculate the forecast remains a secret, leaving traders to speculate and interpret the forecast on their own.



The Pros and Cons of Using Forex Factory



Pros:



1. Real-time market analysis: Forex Factory provides up-to-date market analysis from experts and traders, which can help traders make informed decisions.



2. Economic calendar: The economic calendar is a valuable tool for traders, as it helps them plan their trades around important economic events.



3. Community support: Forex Factory has a large and active community of traders who share their ideas and strategies, providing support and guidance to new traders.



4. User-friendly interface: The website is easy to navigate, making it accessible for traders of all levels of experience.



Cons:



1. Bi...

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