Their forex news articles are not as frequent as other sites, but they are still worth checking out. It may be the case that in the next few years they might move completely away from forex to focus largely on cryptocurrency.
Fx Empire Fx Empire is one of the most popular forex news sites available today. In their news section, they usually publish an article a day. However, traders will find their forecasts section the most useful. The forecast section publishes news very frequently, sometimes many articles in the space of a few hours. It can also be filtered to give you the topics you want.
Aside from insightful articles on forex trading, Fx Empire also publishes articles on commodities, indices, equities and stock exchanges. BabyPips BabyPips without a doubt is one of the most well-known forex educators.
Their material is known to be engaging, educational and sometimes quite funny. But aside from being one of the go-to sites to look up forex-related terms, they also produce forex articles as well. Much of what they produce is orientated towards the US dollar. That said, they do produce weekly forecasts on Mondays and a weekly review for different currencies on Fridays.
Most of the articles focus on fundamental analysis and so it would be wise for readers to check other sites for technical insights. BabyPips are also useful if you just want forex news and want to filter out other types of trading, such as cryptocurrency and stocks.
Forexlive Forexlive is one of the biggest forex news sites today and produces a heavy number of articles a day. Many of their news stories are quite short, sometimes around only words, but they cover a lot of topics. In a sense, they invite you to do your own analysis on top of what you see in the news. All they do is show you what direction to look. That said, they also have a technical analysis section which is better for technical traders where they post regularly. Again, the technical posts are quite short, but they are compact with information and charts, and they post many times a day.
Their articles are also broken down into sections such as economic and political. Another highly useful thing about Investing. Largely, they focus on moving averages and pivot points, but they do have an entire page that summarises major pairs by different indicators. DailyFX DailyFX is one of the most well-known forex news sites you will likely come across and for good reason.
They focus solely on forex trading news and have a team of excellent market analysts who report regularly. Like many of the other forex news sites on this list, DailyFX writes short and sweet articles that are always backed up with technical analysis. DailyFX is also great for trading strategies as well with a whole page on technical analysis.
Another useful thing DailyFX does is show you how bullish or bearish traders are now. In other words, what percentage of traders are buying or selling on different currency pairs. Traders can also read up on cryptocurrencies, commodities and indices as well. Forex Factory Forex Factory grabs the second-best spot in our list for being one of the best sites traders can go to get top rated forex trading news.
They also mark news stories by how much of an impact they are expected to have as well. Either high red , medium orange or low yellow. Forex traders make a profit by buying 1 currency pair low and selling it high, or by selling 1 currency pair high and buying it low. Many people like to trade forex because they can get started so easily by opening up a trading account and downloading a free trading platform like MetaTrader. You can get in and out of positions rather quickly, easily trade a your pace and make money.
Forex Pros and Cons The forex market has a unique set of pros and cons for traders that include those listed below. Pros High leverage: Because an exchange of currencies at the going market rate has no net value, the use of leverage in forex trading allows you to control quite large positions with a rather small margin deposit.
This increases your risk but also lets you benefit from relatively small exchange rate movements. High liquidity: The forex market is the largest financial market in the world, so it has a very high level of liquidity in the major currency pairs. This allows for sizable transactions to be executed in those pairs at virtually any time during normal trading hours.
Around-the-clock trading: The forex market remains open for trading at all times from 5 p. EST on Sunday until 5 p. EST on Friday, even during U. This provides constant trading opportunities during market hours. Cons Fewer asset choices: While many stocks can be traded, only a relatively few currency pairs are available to forex traders, and not all of them are highly liquid like the majors. Volatility: Strong movements can occur in the forex market as new information is digested by participants.
This volatility can result in unexpected gains or losses for traders. Still, some regulations are put in place in many jurisdictions to protect retail traders making transactions through online brokers. Forex Markets Explained In the forex market, traders agree to exchange 1 currency for another to make a transaction in that currency pair at a particular level known as the exchange rate. Forex traders can make money on a currency transaction in 2 ways. First, if they buy or go long a currency and it goes up in value versus the sold currency, then they earn a profit.
Many international forex brokers stopped accepting clients from the U.
| Crypto analytics glassdoor | Second, if they sell or go short a currency and it goes down versus the bought currency, then they also profit. Another term for borrowing money, enabling traders to play the forex market for larger amounts of money. Another highly useful thing about Investing. Most forex news sites offer a mix of fundamental and technical analysis. They also review different brokers which is very useful for beginners and those looking for a new broker. A high spread means a large difference between the bid and ask price. |
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