The Best Forex News Sites

News, especially international news, is the lifeblood of every Forex trader. However, not all Forex news sites offer the best, or the most complete information. And since timing and global market analysis is everything in the Forex world, having the most current and thorough information on global events and market conditions will likely influence investment decisions. As in war, getting critical information is the key to victory.

One of the most widely acknowledged Forex news site is BusinessWeek. It is the website of the same magazine bearing its name, and its main advantage is the efficient organization of its news. The latest events on any part of the globe can be easily pinpointed and accessed by viewing the different sections and through a handy search box. And the news reports carried within these sections are of very good quality, being uploaded continuously throughout the day as it happens. There are plenty of topics on forex and even include free access videos. Another great thing about this site is that there are dedicated sections for small businesses and investing, which contain annual reports and stock information. All of these make the site a veritable goldmine of current business events.

Another well acknowledged site is Reuters. This group is well known for its global and very thorough coverage (facilitated by its staff of 15,000 people scattered over 91 countries), and the quality of their site reflects this dedication. What's useful to forex traders will be the Investing section, and a page called Reuters Financial Products which seeks to educate investors on various business aspects. Reuters also supports FX trading, and a lot of news about the market is available at the site.

Then there is Bloomberg. It also has global and thorough coverage, but what sets this site apart is its dedication to financial data analysis. As such it has a dedicated portion on its home page which displays FX rates, equity indexes, and a lot of other financial information. There is also a dedicated section tackling stocks, mutual funds and even an economic calculator. There are even investment tools provided on site to further assist the investors in analysis.

These three forex news sites are among the most well-cited by several reviews, which all attest to their usefulness in the financial realm. It is best to see each one individually to determine if they will actually be suitable for one's specific needs and information requirements.

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An Innovative Non-Technical Strategy Trading Forex News

Forex news trading is perhaps the least technical of all the expert advisor strategies on the market today. Most of the forex robots base their profit on a set of mathematical rules that analyse past price action to forecast the future behaviour of the currency. There big assumption there is the Efficient Markets Hypothesis - i.e. it assumes all the information available in the market is already incorporated in the price, and therefore there is no use in looking at anything beyond historical price movements.

Forex news trading aims to make a profit by forecasting how the price will behave just after a major piece of news affecting currency markets is released. It aims to profit from the few minutes the information takes to incorporate itself in the price. The main difference between a forex news trading strategy and the rest of the technical analysis strategies is that technical analysis requires no knowledge of the underlying (fundamental) price drivers. You can apply the same technical analysis concepts to forex and to orange juice futures, say. Whereas when it comes to a forex news trading strategy some basic knowledge is requited on what the data means in relation to the underlying market.

The great thing about forex news trading is that you can set stop losses very close to the currency market rate, and hence avoid large losses. You don't need to hold the position open past a few minutes before the piece of econometric data is released. On the other hand, if you get the direction of the economics news right (i.e. the market moves in your favour), you could be sitting on very large profits very quickly.

So how do you know when forex news is being published? The easiest way is to visit one of the many forex economic calendars on the web every morning. Open up their calendar, set it to match your local time zone and mark on your charting software the time when the news releases occur.

The beauty about forex news trading is that you don't have to be trading every single data release. If one day you don't have a view (or you simply cannot be in front of the computer trading), you can just let it go without having to have any position open. Other more long-term strategies, may require you a regular monitoring of the markets as you would have positions open over a number of days or weeks.

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