Forex Blogs provide you with a variety of information to help you trade in the forex market. Some of the sites listed below are Benzinga, OANDA’s MarketPulseFX, FXStreet and Reuters. Each has its own unique features, so you’ll want to make sure to check them all out!
The OANDA’s MarketPulseFX blog has been around for almost six months now. Its team of three traders are based out of Toronto and bring a combined 45 years of capital markets experience to the table. This blog is on the right track to becoming one of the world’s leading forex blogs. Let’s take a closer look at what makes this blog tick.
First of all, the site is clean and easy to navigate. In addition, the site is full of relevant content. There is also a slew of data-related information that has been compiled into a handy chart. I would be remiss not to mention the OANDA fxTrade platform, the first fully automated online forex trading platform to hit the market.
In March 2013, average daily FX spot volumes from the main Thomson Reuters FX Spot trading services were US$131 billion. This is the highest level of volume traded in the last two decades. The pound has collapsed to an all-time low, while the euro is nearing parity. Central banks are trying to get the economy on track. Japanese monetary intervention has propped up the yen, but the U.S. dollar is rising.
As a result, central banks are attempting to prop up the U.S. dollar and the euro. One way to do this is to add more granularity to foreign exchange pricing. To achieve this, Thomson Reuters has acquired WM/Reuters, a foreign exchange benchmark rate calculation business from State Street Corp. With the acquisition, the company will now own the benchmark, which is used by financial professionals and index calculation.
FXStreet is a venerable website which is devoted to providing the forex trading community with relevant information and tools to help them make informed decisions. It is a unified brand name for several internationally licensed entities, including a forex broker, a currency change app, and a gamified trading platform. In addition, it boasts a variety of account options to suit the needs of a variety of traders, from the novice to the seasoned pro.
Its most popular offering is the FX Street app, a mobile trading platform which offers users access to reliable currency change prices, a real-time economic calendar, a robust suite of charts and graphs, and much more. The site also includes customizable technical studies, live webinars with experts, and other trading tools to help you win at the game of forex.
Pips are a basic concept of the foreign exchange market. They define the smallest possible change in value between two currencies. Traders use pips to calculate exchange rates and to enter and manage orders. Understanding the values of pips helps you to assess your risk, as well as to analyze your account’s growth.
Depending on your broker’s decisions, you may find that your pip values differ from one currency pair to the next. However, the most important thing to keep in mind is that the value of a pip is a relative measurement. The value of a pip is determined by the pair and your account’s currency.
The BrainyForex forex blog provides a multi-purpose resource for traders. They have articles written by forex trading experts that include tips on trading, information on the best forex indicators, and the latest changes in the forex market. This site offers an active forum that allows you to communicate with other traders.
Aside from this, they also offer reviews of forex robots. In addition, they have a free live trading room. It is an excellent option for beginners and intermediate traders who are looking for a productive environment for their investments.
Founded by Howard Lindzon, StockTwits is a financial communications platform that organizes streams of information with a $TICKER tag. Their streams are viewed by over 40 million people worldwide.
If you haven’t been looking to dabble in the foreign exchange markets then you’re in luck because there are several websites and services aplenty to make your money go further. Among these is Benzinga. Aside from the nitty gritty details of trading, there are many resources for learning about the latest financial market trends, tips and tricks. The company’s site is one of the most user-friendly around. With a focus on the neophyte investor, Benzinga is the place to be for your financial future. Whether you’re looking for a primer on the latest and greatest in foreign exchange markets or a bit of expert help, the team at Benzinga will help you navigate the complex world of foreign exchange.