The Forex market is known for its volatility, and while it’s possible to measure this volatility with basic indicators, even the most seasoned traders can’t monitor every change in real-time. Staying on top of market movements is a challenge, but with the right tools, you can make informed decisions even when you’re not actively watching the charts.

PFD Markets’ Free Market Event Notifications & Economic Calendar

PFD Markets provides free Market Event Notifications to help traders stay informed. These notifications, available across a variety of asset classes, are designed to alert you to significant market events. Unlike trade signals, these alerts do not suggest when to open or close a position but simply inform you of price changes linked to ongoing market events. Experienced traders can integrate these notifications into their strategies to capitalize on market opportunities. Additionally, PFD Markets offers a free Economic Calendar that tracks key global economic and financial events, providing insights into factors that may influence the Forex market and other instruments available on the PFD Markets platform.

Economic Data

Staying updated on global economic events is crucial for Forex traders, especially those focused on fundamental analysis and long-term positions. An economic calendar is a great tool for monitoring essential economic data, which often includes:

  • Employment Reports: Employment data can give clues about a country’s economic health and influence the strength of its currency.
  • Inflation Rates: Inflation data helps traders assess the purchasing power of a currency. Rising inflation often leads to central banks adjusting interest rates, which can impact exchange rates.
  • Interest Rate Movements: Central bank interest rate decisions are one of the most significant factors in currency valuation. Traders watch these closely as they directly influence currency flows.
  • Political Events: Statements or policy changes from government officials or central banks can move markets. Traders need to keep a close eye on political developments, especially in countries with major global currencies.

Traders using the PFD Markets platform can also access sentiment data, which shows the balance between buyers and sellers. This information is helpful in gauging overall market sentiment and making more informed trading decisions.

Forex Exchange Rates & Setting Automatic Orders

When trading currency pairs, understanding exchange rates is critical. You may also want to set up automatic orders to execute trades when a currency pair hits a specific price level.

PFD Markets’ platform allows you to set automatic Buy and Sell orders. These orders trigger when a currency pair reaches the price you’ve specified, enabling you to open positions without constantly monitoring the market. Of course, you can also manually open a trade when the price reaches your desired level.

How Can Traders Set Forex Alerts?

Traders using the PFD Markets platform can set Forex alerts in a few simple steps. Alerts can be received via push notifications, in-app messages, or email.

To set up your alerts, just go to Settings > Notification Settings and choose your preferences.

It’s important to note, however, that while PFD Markets’ alerts can be helpful, they should not be the sole basis for making trading decisions. These notifications are general in nature and do not take your personal trading situation into account.

Profit-Taking Indicators

In addition to popular trend-following indicators like the SMA, EMA, RSI, and MACD, PFD Markets also offers profit-taking indicators. These can help you determine when it’s a good time to exit a trade and secure your profits. For example, if the 3-day RSI rises above 90, it might indicate an overbought market, signaling a potential exit. Conversely, if the RSI is below 10, and you are shorting the currency pair, it might be time to lock in your profits.

Bollinger Bands are another valuable indicator for identifying potential profit-taking opportunities. Along with other technical tools, these indicators help traders decide the best time to close out a profitable position.

What Indicators Does PFD Markets Offer?

PFD Markets does not provide direct Forex trading signals but offers a comprehensive set of technical indicators that can be used to build your own strategy. These indicators include real-time market event notifications, daily and hourly price changes, and trader sentiment data. These tools give traders the flexibility to adapt to market conditions and stay on top of important events.

Signals and Alerts

The PFD Markets platform allows you to set customized alerts based on your individual trading preferences. Whether you’re tracking price movements, market sentiment, or percentage changes, you can receive the alerts that are most relevant to your strategy. If you’re ready to get started, sign up or log in to PFD Markets to begin using trading alerts.