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Forex Trading News


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Published in: Business, Economy & Finance
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Forex Trading News

  1. 1. WHY LIVE FOREX NEWS ARE SO IMPORTANT FOR SUCCESS The Forex or foreign exchange market facilitates international trade and investment, a market where banks buy and sell currencies. The advent of the modern Forex markets is traced back to the times when countries started getting out of fixed exchange regimes and started adopting floating exchange rates. Forex trading was previously in the exclusive domain of large financial institutions that bought and sold currencies on behalf of their clients. It was necessary for banks and large corporations to keep abreast with the latest Forex news to be able to hedge their trades. Why Live Forex News Are So Important for Success ( Courtesy of )
  2. 2. WHY LIVE FOREX NEWS ARE SO IMPORTANT FOR SUCCESS Foreign currency trading is now allowed for the small investors, which makes Forex news all the more important for investors to place profitable trades and managing risks associated with trading in markets. Trading in foreign currency is almost similar to trading in stocks listed in a stock exchange. However, there are some features that are typical to the Forex market. The Forex market is marked by its geographical dispersion, a wide variety of factors that affect exchange rates and huge trading volumes. In fact, the foreign exchange market is the biggest market in the world with average daily volumes in excess of $4 trillion. It is open all through the day and allows the use of leverage for placing trades of the value that is far in excess of the amount in your account with the broker. Why Live Forex News Are So Important for Success ( Courtesy of )
  3. 3. WHY LIVE FOREX NEWS ARE SO IMPORTANT FOR SUCCESSJust as share price indicates the health of a company, currency value is one of the primeindicators of the health of a country’s economy. However, contrary to share value which isreflected as a money value, currency values are reflected in relation to the value of anothercountry’s currency. Foreign currencies are traded in pairs such as USD/JPY (United StatesDollar/Japanese Yen), EUR/USD (Euro/United States Dollar) and so and so forth. This meansthat when you are trading in a particular currency pair you need to access Forex news relatingto both countries. Why Live Forex News Are So Important for Success ( Courtesy of )
  4. 4. WHY LIVE FOREX NEWS ARE SO IMPORTANT FOR SUCCESS Forex news provides political and economic information and commercial market trends that are likely to affect currency values. Such information includes news regarding political stability, inflation rates, trade balance and industrial production. For example, if a country is a big exporter of commodities, rise in commodity prices indicates a rise in currency value as well. The Australian dollar is a typical example. Despite the recent economic slowdown the world over, the value of the Australian dollar showed immense strength as Australian economy depends highly on commodity exports. The rising price of gold, minerals and agricultural produce led to the price of Australian dollar rising in relation to practically all other currencies. Only those currency traders with access to live Forex news and the ability to interpret them were able to benefit by going long on the Australian dollar. Why Live Forex News Are So Important for Success ( Courtesy of )
  5. 5. WHY LIVE FOREX NEWS ARE SO IMPORTANT FOR SUCCESSSimilarly, two recent newscasts emanating from USA, the decision to withdraw troops from Iraqand the desire to double US exports within a few years, indicate a rise in the value of the USdollar.It may take some time to interpret the impact of Forex news on currency values but if you taketime you will be able to find a reliable online source that will take you along. Look for a sourcethat provides technical charts, fundamental analysis, reviews and articles along with live Forexnews. Why Live Forex News Are So Important for Success ( Courtesy of )