FX Engines News Calendar & Trading Alerts

One of the niftier recent features added to FX Engines is a calendar providing alerts of upcoming news events that are likely to move the forex market. Each event is listed with a rating of 1 to 5 stars, with more stars indicating a higher likelihood the event will produce a major price movement. If you're a news-oriented trader but find it confusing and a little tedious to keep track of the whole cycle of economic events, as well as gauge their likely impact on the market, you'll probably find the calendars and alerts come in very handy.

If you have an account with FX Engines you can access the calendar on their Upcoming Events page. Here's a typical news alert:


To trade on a particular news event in FX Engines you can either (1) sign up for their news trading services, (2) trade the event manually by placing a standard order through their interface as you would with any other broker (trades are placed via FXCM), or (3) design your own customized news engine. Just remember that trading the news is a volatile business, and there's absolutely no guarantee you'll make consistent profits - but with a news calendar and automated tools you may be able to improve your odds.

Related links:
FX Engines
FX Engines Launches News Trading Tools

Disclosure: Forex Forays has a business relationship with FX Engines, but I wouldn't write about their services if I didn't find them worthwhile.