“He who owns the information - owns the world” -, is the acknowledged saying especially actual for currency trading. Every second in the Forex market takes place a set of processes any of which can reverse a situation by the most cardinal methods. Thus, for successful trading it is necessary to be aware of world events in economic, political and social spheres. GuruTrade offers you the opportunity to keep the track of Forex market key events in a business work environment.
All necessary information for successful trading you can find in the GuruTrade section “Analytics”. In the subsection “Brokers news”, you will find regularly updated information about Forex brokers, including bonuses and special offers, promotions, competitions, changes in trading conditions and trading schedule. Thanks to GuruTrade you shouldn't spend the time to visit the official sites of brokerage companies, all necessary information is already collected on our portal, allowing all users to get easy access to all data.
Economic news
Another useful site's section for traders is Economic News. It allows traders to track important events of the world economic life, without which the chances to make a profit can be significantly reduced. Economic news reflect the latest reports of major companies, the release of the fresh macroeconomic data and other events in the world of economics and finance that can affect the dynamics of exchange rates. Keeping up to date with all the important economic news, traders can evaluate the degree of impact of an event on the Forex market.
Every educated person is aware that in the world there are a number of industrialized countries with a powerful economic and financial structure, the events in which can have a particularly strong impact on the international currency market. Macroeconomic data published in such countries (including publication of reports or statements by officials) can immediately change the balance of forces on Forex and provoke large, unpredictable fluctuations in exchange rates. Given the scale and strength of the influence of such factors, traders should especially closely monitor the publication of indicators on inflation, GDP, interest rates, as well as other, equally significant financial and economic parameters of the most developed world powers.
For users of the GuruTrade, we not only publish economic news daily, but also keep up to date the Brokers' rating, which presents the most reliable and stable participants in the foreign exchange market.