What is MacroForex?
This is an app that allows you to have real time access to economic indicators releases, and to analyze those events in comparison to other data such as the performance of a Forex pair or other alternative data.
The list of MacroForex features are long, but the key ones are:
Economic calendar and indicators.
Analyzer for analyzing the different types of data.
Strategies, which allows you to run automated trading tasks in your cTrader trading accounts based on economic indicator events.
Who is This For?
We have built this app for Forex traders, people who don't have mastery in economics or don't have access to the data that they require for receiving trading decisions or analyzing a country's economy.
How Can it Benefit a Trader?
If you are an experienced Forex trader you know how hard it can be to make a fortune out of trading Forex. Trading currencies are much more difficult than other markers because you have to analyze too much data. By too much I mean that if you are going to trade GBPJPY you have to know what is going on in the UK economy, or the Japanese economy. In which cycle are those two economies? Even that information is not enough because you have to be aware of the economical cycle of the world's economy. Imagine how many indicators you would have to analyze. Also consider the collection of the data of those indicators from different sources.
MacroForex helps you to place everything within a good structure in once place with access to all the tools you need.
What Are the Prerequisites?
You have to be able to know how to use a Windows app and how to work with it. You also have to have a basic understanding of statistics and economical indicators.
The installation is very straight forward. Like with any other Windows program, you have to download the installer from our site and then follow the installer instruction steps by clicking on the "Next" button. Once the installation is complete, you will be able to run it by checking the "launch after installation" check box in the final step of the installation process or by opening the "MacroForex" shortcut from your desktop.