Finding Information About Forex
In This Chapter
• Getting up-to-date news
• Finding forecast data
• Comparing forex to other financial instruments
When trading forex, you need to know a lot more than just the exchange rate between the two currencies you want to trade. You also need to know about the economic and political conditions of the countries whose currencies you plan to trade.
In addition, you want to watch for any dramatic moves in the value of either currency in a given pair that might impact the value of that trade. You should also be aware of any upcoming economic announcements that could affect the volatility or the relative value of the currency you are considering trading, so that you can determine the best times to trade. ...