The best forex traders are those who know how to combine technical analysis and forex news before making their trading decisions. However, finding forex news is a challenge for some traders as not all sites dedicated to this do a good job at it. Timing and analysis is the backbone of forex news trading and some of these sites fail woefully in this aspect.
Sites you should consider for your forex news trading
One website that is undisputedly one of the best forex news sites around is BusinessWeek. The website is the online version of the offline magazine with the same name. One of its main advantages is its efficient organisation of news. All the latest events around the globe can be easily viewed through the search box on the site and the events are neatly arranged in different sections. The reports carried within this section are of very good quality and they are constantly being updated all through the day as the events continue to unfold. One important feature of this webpage is that they have a dedicated section for small businesses and investments which contain reports and stock market information. This makes it a good section for traders who trade stocks or indices on their forex platforms. The second website you should consider is Reuters. This company itself is one that doesn’t need much explanation. It is one that is known for its through coverage of events and global reach. Their staff strength of over 15,000 covering 91 countries makes it almost impossible for you to miss any event. The investing section and the Reuters financial products are valuable tools for many traders as traders will be educated on various happenings in the financial world. All forex news releases are talked about in an in-depth manner and there is expert analysis from leading traders all around the world. Thirdly, there is Bloomberg. This is another webpage that is unrivalled in global and thorough coverage. One area where this webpage differs from the ones mentioned above is the dedication to financial data analysis. This is a why there is a home page that shows equity indexes, fx rates and other valuable financial information. There is equally a section for stock traders and mutual funds traders. Then there is the economic calculator as well. If you would rather use a minimalist website then ForexFactory should be your best bet. This site goes straight to the point in providing you fundamental releases scheduled for every trading day, without all the whistles and bells that can be found on the other webpages described above. The trader gets to customise what release should be shown by order of expected impact and there is also an extensive review of all major releases. There is also a very vibrant forum on the webpage that has thousands of traders sharing their knowledge of the forex market with each other. You don’t really need to read through all of these webpages each day to enjoy forex news trading. If you already have a good news trading strategy, just one of these sites is enough for you to make good trading decisions.
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