Q&A

Where is the best place to get forex news?

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Where is the best place to get forex news?

What Are The Best Sources for Forex News?

  • Forex Factory. This site offers the most updated and current news that affects a trading session.
  • Babypips. This is just the right site for beginners.
  • Daily FX. This site is part of the FXCM, a forex broker site.
  • Traderbase. Traderbase is part of iFOREX.
  • RatesFX.

Which is the best forex news app?

Top 4 Apps for Forex Traders

  • Forex Mobile Apps.
  • NetDania Stock and Forex Trader.
  • Trade Interceptor.
  • Bloomberg Business Mobile App.
  • thinkorswim Mobile.

How do you find forex news?

Since the dollar is one side of many currency pairs, U.S. economic releases tend to have the most pronounced impact. The most common way to trade forex on news is to look for a period of consolidation ahead of a big number and trade the breakout on the back of the number.

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Is forex affected by news?

Generally speaking, forex traders can look at economic news to assess its impact on interest rates and monetary policy​. News that suggests a more hawkish (aggressive) central bank tends to push forex pairs up in value relative to other currencies, while dovish (peaceful) news can cause a currency to depreciate.

What is fundamental news in forex trading?

Forex Fundamental Analysis Fundamental analysis is the process of breaking down the impact of political, economic and social factors on the relative value of a currency. Through identifying the primary drivers of a currency’s intrinsic value, forex participants are then able to craft informed trading decisions.

What app do forex traders use?

MetaTrader is one of the most popular trading platform apps for retail investors using Android devices and allows for the trading of stocks, forex, futures, options, and other financial instruments from your mobile device.

Which app gives Forex news?

DailyForex App – Daily News & Analysis on Your Mobile Device. Get the latest Forex news and analysis, no matter where you are!

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Is IQ option legit?

IQ Option is a legit broker and one of the most reputable companies in the industry. Their intuitive trading platform is the best around and we highly recommend IQ Option to traders of all experience levels, beginner to advanced.

Why is the dollar falling 2021?

Bank forecasts for the US Dollar in 2021 The US dollar (USD) is volatile. Bank experts predict this will continue to be the case in 2021. Bank experts believe that ongoing uncertainty from the coronavirus pandemic, a tumbling US economy and an increase in USD money supply will keep the USD weaker than other currencies.

What news affects Forex the most?

The most important Forex news

  • #1: Unemployment Rate.
  • #2: Gross Domestic Product (GDP) Growth Rate.
  • #3: Consumer Price Index (CPI)
  • #4: Overnight Interest Rate.
  • #5: U.S. Nonfarm Payrolls (NFP) Data.
  • #6: Organization of the Petroleum Exporting Countries (OPEC)
  • #7: Retail Sales.
  • #8: Purchasing Managers’ Index (PMI)
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How does economic news affect forex?

The Impact of Major News Releases on the Forex market Just before a major news release, it is common to witness lower trading volumes, lower liquidity and higher spreads, often resulting in big jumps in price. Due to the lack of liquidity, traders could experience erratic pricing.