Forex Factory shakes the online Forex world

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Factory, probably the largest Forex news and calendar portal, has made a significant change in the way news is now submitted. Until now anyone could have posted anything on the main site and it would have appeared on the front page. While this feature was great at first and allowed people to immediately post hot news, as with any great and accessible feature this has been taken over by spammers and people posting irrelevant news.

Moreover, Forex Factory's Voting feature has been taken over by successful marketers who managed to place their stories on the first page with an amazing number of votes. Some people claimed that some of the top stories weren't really successful pieces of content but were rather a result of a gamed voting system.

I guess Forex Factory got fed up with both having to constantly monitor the content and trying to figure out whether voting is gamed or not and has taken a drastic yet necessary measure.

As of last Thursday News posting on Forex Factory is disabled to the larger audience, except for a select number of contributors (writer of these lines is proud to be one of them). This should result in only relevant non-spam, non-random posts being made.

The opposite side of things is that some very popular contributors (whether the votes were real or gamed) will not be able to make posts on FF anymore.

You can read more about the new Factory News Network (FNN) here.

Several banned contributors have sounded their discontent on the FXInstructor's blog here and here.