How to keep up with the latest news in the world of forex

The foreign exchange market is as big now as it ever has been. The influx of new traders thanks to the digital transformation that the sector has seen has kept it as the biggest financial market around. Even the London Stock Exchange with its $4.5tn market cap cannot compete! The sheer range of currencies to trade, high liquidity and potentially big returns all make it one of the best options to consider as a trader.

If you are trading in this market, then you will be well aware of one thing that makes a big difference to how it moves: news.

News moves price

In very simple terms, this is all you need to know! Currency pairs will either go up or down in price over time – you make money if you have opened a trade in the right direction. What moves prices? The major factor is breaking news and official releases from governments as to the state of their economies.[Continue Reading…]