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Top 3 News Sources for Financial Trader

 

The Internet is full of various sites, but not all them feature financial news or provide such news in a timely manner. This list consists of top ten sources for the trader’s news that are updated often and are not mixed up with irrelevant news.
 

1. Forbes.com Breaking News :a great site to get the recent financial information, it also provides free news from several paid news sources (i.e. Associated Press). Stock market traders will like the coverage of almost all kinds of companies.
2. 
   BusinessWeek :they may be too old-fashioned, but BusinessWeek still features some exclusive news content and the very professional analysis.
3. CNNMoney:opposite to FT, CNN prefers news from United States, but it’s still good because the majority of world stocks are concentrated on the Wall Street. It will also be useful to the Forex dollar traders.
   
   
   
   

New EUR/USD

You may recall that I discussed the EUR/USD pair a few days ago on this blog, and talked about why I think this pair may have reached a bottom based on the long-term chart. Well Adam Hewison (founder of the Marketclub trading service) seems to agree with me because he has just released a new video in which he highlights the various fibonacci retracement levels, and shows why the price is more likely to rise than fall from this point onwards.

The video is only four minutes long and as always with Adam's videos, is very educational. It highlights some of the points I made the other day and makes some very good points.

Stock Trading Tools to Make More Money

Stock trading tools are a stock traders best friend. If you are trading or are interested in trading, you need to learn about these tools.




You may want to read a book or tutorial on these tools before using them. Many of them use graphs to describe what they are talking about and you need to be able to read these graphs and interpret them so you know what the trends are.



If you are interested in day trading or forex, you will need to learn even more about these stock trading tools and their signals. Signal is a key-word in stock trading. This means some sort of special trend in the graph which many people assume (based on historical data) means the stock is ready to go up.



It can be very difficult to memorize all of this, so some tools have gone as far as not only giving you the statistics and data but also give you an analysis of the data and give you their guess of what the stock is going to do.



This may all sound very compicated. How will you remember it all? Can you really trust it? There is one option, that if you do not want to deal with any of this, you can get a newsletter from various different sources which will give you a weekly, or monthly stock picks thatthese people have used their own tools to research. You can follow these people on their blogs or other email lists and see if you like them. Then you can subscribe to them and you can purchase the stock picks which you agree with. This takes the legwork away from you.

About Forex Rate

At Forex Rate our aim is to provide as much free forex trading information as possible.

Our pages are geared towards active currency daytraders and include our online Forex Trading recommendations and information, live Forex charts, live Forex quotes for most currency cross pairs,daily currency trading news and forex forecasts with our free RSS news feed.

Value of the U.S. Dollar Compared to Other Currencies:

The U.S. dollar is most easily measured by its exchange rate, which compares its value to other currencies. Exchange rates change every day because currencies are traded on an open market.