What Are The Best Publications For Forex Traders
The foreign exchange markets are an integral part of the global financial systems and have a massive impact on equities and bonds alike. The current market volatility fueled by the resurgence of COVID-19 cases along with integral international developments has impacted several reserve currencies adversely.
For example, the rapid spread of the Delta variant caused an uptick in the number of infections which touched a six-month high in the United States. This combined with the country’s recent withdrawal from Afghanistan has caused the US Dollar to decline over the past couple of days. As a result, the US Dollar Currency Index declined 0.11% on Friday.
However, following strong job growth estimates and US central bank projections regarding the timeline of the monetary policy tapering, the US Dollar improved slightly. Moreover, the flash crash in gold has resulted in exchange rate gains in reserve currencies.
Given the highly dynamic forex markets and complexities of currency trading, consulting financial journals and publications can help traders identify the current market trends. These should help traders make informed decisions regarding forex trades.
Here we look at the top six financial journals that provide readers with a ton of information on forex market trends and dynamics.
Plus500
Plus500 is an online contract for differences (CFD) trading platform that facilitates forex trades. The website regularly publishes reports that highlight the key industry developments, allowing traders to identify the key potential market movers and industry trends.
As an authorized and regulated trading website, Plus500 is a forex trading platform renowned for its competitive spreads and zero commission charges. Further, the company’s News and Market Insights section covers breaking news from all major markets all around the world, impacting reserve currencies and burgeoning currencies simultaneously.
It also highlights the implications of macroeconomic events impacting the global financial markets.
The Plus 500 platform also provides users with cheating tools that display more than 100 technical indicators. You can also save chart templates for future references while leveraging over 21 other tools to gain insights into the forex market.
In fact, Plus500 is a publicly listed company that trades on the London Stock Exchange. Valued at a market cap of $1.5 billion, this stock has returned a stellar 1,100% to investors since going public eight years back.
Seeking Alpha
Seeking Alpha is among the world’s largest financial platforms where millions of investors connect daily to discover and share new investing ideas to make well-informed investment decisions.
Available on mobile, tablet or desktop, 20 million people use Seeking Alpha every month. Seeking Alpha has extensive coverage of multiple asset classes including stocks, ETFs and mutual funds to commodities, forex and cryptocurrency,…