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.