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News for currency traders
It is very important to pay attention to the main economic indexes of the top countries and to so important events as the statements of the financial market VIPs (such as Alan Greenspan and Ben Bernanke, the past and present Chairmen of the Board of Governors of the USA Federal Reserve, the chiefs of the reserve banks of the lead countries and other financial newsmakers).
However, it in unnecessary to pay an extra attention to all these events, being sure that if you get to know the news, you would take the lead over market and make the right transactions (except outbreak of war, 9.11 terror or another global or catastrophic event). It doesn't matter if you use perfect software or if you have access to the news channels or if you are in the Internet day and night. You won't get faster and more trustworthy information than the big Forex players have gotten. And moreover, you won't get the insider information. So, any news you've hit on in the Internet is already well-known on the market for sure.
So, you have to follow the market, avoiding taking the lead over it. All the more, that the market can evaluate the news too late or the market reaction to the news could be not appropriate or just directly opposed to that you are waiting for.
Nevertheless, it is undoubtedly important to know the reasons, making the market start moving, and moreover, to be ready to feel the market moving at the appointed hours and days. Nobody is able to be all there around the clock and five days a week when Forex market is open. It gives you possibility to make good money on Forex.
That's why here is the list of the main news resources, which have an influence on Forex market somehow or other:
Bloomberg - It's among the the top five most-trafficked financial sites on the Web. It is regarded as a premier site for news and financial information. Bloomberg draws from the news and data power of the Bloomberg Professional(R) service and our host of media products to provide the highest quality news and information.
GFTforex - Real-time forex news completely integrated in GFT's forex platform is a free service from GFT, and includes newsfeeds for RSS and XML forex news.
Reuters - brings you the latest news from around the world, covering breaking news in business, finance, politics, entertainment, and more in video and pictures.
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