Guide to Forex News and Trends

Learn where to get news on Forex trading

By Felicia R. Blue

Since you have decided to trade in foreign currency exchanges, it’s important you stay abreast of Forex news and trends. The Forex market is a money-making field. However, it is a volatile market. Thanks to the Internet, you can find a wealth of information on Forex trading, so much information that it may feel overwhelming. Here are three ways you can obtain information on Forex trading without feeling like you're drowning:

1. Keep abreast of the market with online Forex trading news.

2. Know what other traders are doing by visiting Forex currency trading blogs.

3. Sign up for foreign currency exchange newsletters.

Action Steps

The best contacts and resources to help you get it done

Use online Forex trading news to help you stay on top of the market

You have to be on top of the foreign exchange trading market if you want to be a successful trader. These websites cover a wide range of topics when it comes to news, such as the country's currency value, tax policy, or if a country is experiencing a recession or economic boom. You can also read commentaries that analysts post on the website. If you need immediate access to the news, you can sign up for alerts so that the stories are delivered to you immediately.

I recommend:

MGForex offers currency trading news. You can see if the foreign currency exchange closed up or down. You can also read articles that analysts wrote. DailyFX is another foreign currency trading website you will want to visit. It covers market and economic news.

Use Forex currency trading blogs to learn what other traders are doing

Blogs have become a major force for studying trends or getting news. Computer users rely on blogs to find out what is happening in politics, sports, and even the Forex market. Perhaps one of the reasons why traders rely on Forex trading blogs is that they get to read comments that other traders posted. You can use these comments to come up with trading ideas or improving your existing trading systems.

I recommend:

Forex Blog offers currency exchange information, such as the British pound or Chinese Yuan. The articles cover a wide range of topics, including deflation or inflation. You’ll also want to look at EarnForex, which covers technical analysis. It also discusses on how you can better manage your money.

Subscribe to Forex currency exchange newsletters

You can find a wealth of information in FX trading newsletters. One of the features you will like in a newsletter is that you can read about professional Forex traders and their methodology to trading. It's important to understand the psychology behind foreign currency trading. Other topics that you might find interesting are money management or rules of currency trading.

I recommend:

Forex Advisor offers a free Forex currency exchange newsletter. Some of the topics it covers include the psychology of trading and how to study charts and execute your trading system. Action Forex also offers a newsletter on currency exchanges. In addition, you can learn what the central banks are doing.

Tips & Tactics

Helpful advice for making the most of this Guide

• Subscribe to Forex currency exchange newsletters first. Many offer valuable information on
the Forex market as well as trends and general news. This will help you save money in the
long run