How to follow the news before forex trading

Following the news is an essential part of forex trading, as it can help you make informed decisions about your trades. Here are some tips on how to follow the news before forex trading:

  1. Stay informed about global events: Keep up-to-date with global news, especially in the fields of politics, economics, and finance. This will help you understand the potential impact of events on the forex market.
  2. Use reputable news sources: Stick to reputable news sources, such as BBC News, Al Jazeera, The New York Times, The Wall Street Journal, and Bloomberg. Avoid sensationalist or biased sources.
  3. Focus on economic indicators: Pay attention to economic indicators such as GDP, inflation rates, unemployment rates, and interest rates. These indicators can have a significant impact on currency values.
  4. Monitor central bank decisions: Central banks, such as the Federal Reserve (Fed) in the US, the European Central Bank (ECB), and the Bank of England (BoE), play a crucial role in shaping the forex market. Follow their decisions, statements, and meetings.
  5. Use news aggregators: News aggregators like Google News, Apple News, or News360 can help you stay up-to-date with the latest news from various sources.
  6. Set up news alerts: Set up news alerts on your phone or computer to receive notifications when a specific news story breaks or when a particular event occurs.
  7. Use social media: Follow reputable news sources, economists, and financial analysts on social media platforms like Twitter, Facebook, and LinkedIn. This can help you stay informed about breaking news and analysis.
  8. Read economic calendars: Economic calendars, such as those provided by FXStreet or DailyFX, can help you stay informed about upcoming economic events and their potential impact on the forex market.
  9. Analyze news articles: When reading news articles, analyze the content, tone, and language used. Look for keywords, such as "surprise," "unexpected," or "strong," which can indicate market-moving news.
  10. Use news analysis tools: Tools like NewsQuantified or MarketPulse can help you analyze news sentiment and identify potential market-moving events.
  11. Stay up-to-date with market analysis: Follow market analysis from reputable sources, such as financial news websites, research firms, or individual analysts. This can help you stay informed about market trends and potential trading opportunities.
  12. Use a news feed: Some trading platforms, such as MetaTrader or TradingView, offer built-in news feeds that can help you stay informed about market-moving news.

Some popular news sources for forex traders include:

Remember, staying informed about the news is just one part of successful forex trading. It's essential to combine news analysis with technical analysis, risk management, and a solid understanding of the markets.