The term forex factory might be something you have heard traders talking about at seminars or in conversations. Forex factory is a term that in many cases is confused by beginner traders with a site that produces forex trading systems or automated forex trading. As a novice or a beginner trader you should understand that forex factory is nothing else but a very highly respected forex trading portal and forum in which any trader can become a member and exchange threads, views and strategies with other traders regardless of which forex broker they conduct their trades at.
Although we always recommend our traders to interact with other traders in an attempt to gather knowledge and trigger brainstorming we must stress that especially if you are a beginner trader you should make sure you don’t take other traders advise for granted. Respected forums like forex factory are great meeting points and great forex signal generators but they can sometimes become over influential and lead to confusion and costly trades.
At markets247.com we applaud traders that research and benefit from the online trading community as in the long term this has spill over benefits across the border of the forex trading community which therefore pushes us to continue offering our services with excellence and even more continue upgrading our offerings and added benefits to keep our customers loyal.
As far as using trading techniques or forex strategies which might be referred to at forex factory we should always advise that you experiment with a forex demo account and not with a real money trading account as new techniques or so called strategies cannot be verified by traders or members that belong to forex factory as although forexfactory.com is a respected forum it cannot restrict its members in posting their views.
Summing up if you are a member of forex factory and a customer at markets247.com and you are pleased with the service you have been receiving please feel free to contact us and discuss possibilities of bonuses or commissions for efforts in explaining to traders the benefits you have received at your forex broker and why you believe they should migrate to a different forex broker. Loyal and pleased customers that can refer new traders will be applauded and compensated for their effort in referring traders through word of mouth.
Please note that we strictly do not recommend that you register an account at forex factory or any other respected forex forum or portal and attempt to call in new customers by trying to forfeit the role of a seller with spam or non spam techniques as both your account at markets247.com and forex factory will be subject to the Privacy Policy and the Terms of Use which will most likely result to your account being suspended.
Forex Factory Forum
The forex factory forum will allow you to view and reply to threads posted by other traders which are shown a status which has been added up from several factors including how long they have been forum members, how active they have been over this period and how helpful they have been to beginners just like yourself. To get started with any actions at forex factory you will first have to issue an account which will require you to submit some basic details for security reasons.Once you have registered you will be allowed to add and remove buddies on your buddy list similar to other social networks and you will have the possibility to post threads with your views, your questions or your queries. These can be attended by polls and they will be publicly visible to fellow traders that are members of forex factory. The goal is for both you and other traders to share knowledge, theories and strategies to make sure that you don’t make the same mistakes or that you capitalize on opportunities which have arise from shared knowledge.
At forex factory you will have the option to follow threads from traders you select similar to what you can do on twitter and even more you will have the option to subscribe for updates. As forex factory is a forex forum community it is required to have webmasters running the smooth operations of the website and staff to accommodate problems members face; this means that forex factory is exposed to monthly costs which therefore it has to cover from advertising or by selecting forex brokers to refer its members too.
Please note that the list of forex brokers to which you are exposed to are not unbiased decisions so if you select to take any offer you have been exposed always make sure to check the forex brokerage license and terms of use. We cannot be considered liable for the actions of other forex brokers even if you had previously been an active trader at markets247.com