Quick Answer: Where do forex traders get their news?

Traderbase. Traderbase is part of iFOREX. It provides the latest updates on forex news, daily forex analysis, and commentary in addition to providing users with various tools of importance. The site is a key source of forex news both for professional traders and newbies.

What news sources do traders use?

13 of the best news sites for traders

  • abnormalreturns.com. Abnormal returns is great forecast free blog discussing everything trading.
  • stocktwits.com. Wisdom of crowds or idiocy of the masses? …
  • thestreet.com. …
  • reuters.com. …
  • cnbc.com. …
  • financialjuice.com. …
  • seekingalpha.com. …
  • marketnews.com.

What news do traders read?

This involves reading stories from various newspapers and financial websites, as well as listening to updates from financial news networks, such as CNBC and Bloomberg. The futures markets, as well as the broad market indexes, are noted as traders form opinions about the direction they expect the market to trend.

Are forex traders fake?

Is Forex a scam? The Forex market is a legitimate trading market where the world’s currencies are traded. It is not a scam in itself. … Institutions and large banks trade in Forex on a daily basis; to make a significant profit in this market takes a considerable learning curve.

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What is the best news source for Forex?

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.

Where do investors get their news?

But the type and quality of information generally remains the same for all investors. The information that managers use comes from publicly available information in the form of news releases, annual reports and filings with pertinent exchanges.

What is a day trader salary?

The highest salary for a Day Trader in India is ₹49,536 per month. The lowest salary for a Day Trader in India is ₹49,536 per month.

What percentage of day traders are successful?

Yes, most day traders fail — about 80 percent in the first year. But so do a large percentage of people who start new businesses or enter other occupations. misfortune on the way to your goal. Day trading is difficult, but it is not impossible.

How many hours a day does a day trader work?

Day Trading Stocks and Futures Part-Time

Day traders only need to trade stocks or futures markets for about one to three hours per day. While a few day traders do trade all day, the greatest possible returns in the shortest amount of time are typically concentrated around the official open and close of stock trading.

Why forex is a bad idea?

Maximum Leverage

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The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces forex traders to take on such huge and fragile financial risk.

Is forex a gambling?

You should always have these aspects in mind, and always remember that forex trading is not gambling. When you accept this, your decision-making becomes better, and you can learn to develop strategies on how to make profitable trading positions. Forex trading is very different from spinning a slot machine.

Is forex banned in US?

Forex trading is legal, but not all forex brokers follow the letter of the law. … Around $6.5 trillion trades each day on the forex markets, according to the 2019 Triennial Central Bank Survey. While forex trading is legal, the industry is rife with scams and bad actors.

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 type of news affects the value of a currency?

Interest rates, inflation, and exchange rates are all highly correlated. By manipulating interest rates, central banks exert influence over both inflation and exchange rates, and changing interest rates impact inflation and currency values.

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