Getting timely news about the currencies you are dealing with can be crucial in Forex trading. Even if you trade based on technical analysis, real world events may shake the most reliable strategies. For instance, investment banks spend tons of money to keep their trading floors with the freshest and most accurate news on any necessary topic. We, the retail traders, cannot probably match that level but we can, and definitely should, do our best to stay informed.
I guess that nowadays, the most popular medium for getting news is the Internet. More so in online currency trading, where getting news fast is very important. But even the Internet as a news source is very diverse: there are news websites, Twitter reporters, Facebook feeds, YouTube channels and lots of other ways to stay
My personal favorite is the range of specialized news websites that supply me with daily news on the specific currencies that I am currently interested in. Additionally, I switch to monitoring some Twitter accounts during the times when I need timely news related to some particular event, and there are news agency people or just some insiders reporting on it. For example, it is a good way to follow the ECB press conferences if you prefer not to (or cannot) watch the original video webcasts. Several years ago, I used to watch some business and finance TV channels but today, they look like anachronism to me. And how about you?
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If you want to share some outstanding news sources that can help everyone in FX trading, please feel free to do so using the commentary form below.
