The best traders and investors worldwide are united in believing that reading is crucial for their success. You have to read all the time, read books, trade reports, research papers, and the news. Your success in the marketplace is highly dependent on your reading habits. You must build suitable mental models to succeed and keep informed about the most important issues driving the forex market. In this article, I will look at 11 news sites you need to keep on top of to have an edge in the forex markets. The broader your reading, the better. You have to challenge every idea because your job isn’t to be correct. It’s to make money.

Papers of Record

Your first port of call is the set of the best newspapers in the world, which are famed for unbiased business news. This will help you understand the economic drivers behind changes in the forex market. The following newspapers will give you a broad overview of global financial markets. 

1. The Wall Street Journal

The Wall Street Journal is America’s premier newspaper for business and financial news. Published by Dow Jones & Company, the Wall Street Journal comes out six days a week, in broadsheet format and online. The newspaper has won 38 Pulitzer Prizes since its founding on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser.

The Wall Street Journal has one of the largest circulations in the United States, with a readership of about 2.834 million people. Although it covers international markets, the Wall Street Journal’s strong point is its domestic business and financial news coverage. 

2. The Financial Times

The Financial Times is a British newspaper of record, published in broadsheets and online. The Financial Times publishes news on financial journalism and economic analysis. Although it’s a British newspaper, its coverage is much more international than the Wall Street Journal’s, with great coverage of British, American, and continental European affairs. The Nikkei-owned title has around one million paying subscribers. Founded in January 1888, the newspaper should be read by any forex trader who wants an overview of the key issues driving international markets. 

3. The Economist

The Economist is published in dermitab format and online and publishes articles on current affairs, international business, technology, politics and culture. Founded in 1843, the Economist Group-owned newspaper has essential coverage of the United States, continental Europe, Asia, and the Middle East. It has a global circulation of around 1.6 million. Whereas other newspapers focus on original reporting, The Economist eschews that in favor of data journalism and analysis. So, when you read the Economist, you aren’t getting “news”, you’re really getting analysis.

4. Nikkei Asia

Nikkei Asia is a Japan-based English language newspaper that calls itself the “voice of the Asian century”. Its coverage is some of the best on Asian business and economics news. Launched in 2013, the Nikkei-owned newspaper shares a pool of journalists with the Financial Times. This paper is a must for traders who trade forex pairs where Asian currencies are involved. 

Forex Newspapers

Now, you also need to read specialized newspapers to tell you about what is happening in the forex market. 

1. FXStreet

FXStreet is one of the best forex newspapers. The Spanish newspaper was founded in 2000 and provides news coverage for traders worldwide. The website provides spot rates, charts, a calendar of the most important economic events of the year, as well as educational content. 

2. DailyForex

DailyForex is designed to help traders trade through the news cycle by analyzing the impact of important economic news. The site also reviews forex traders’ best brokers, courses, signal providers, and products. Daily Forex provides global coverage, as well as forecasts. The site looks at the most important forex pairs, such as the USD/EUR, USD/JPY, and USD/GBP. The site has a section dedicated to the United States dollar, given that it is part of most of the most important forex pairs.

3. ForexFactory

ForexFactory tries to help traders at each moment of the day, as they trade. It provides relevant news, key indicators, and tries to curate information so you get the most impactful information you need. There’s a forum on the website that you can use to speak to other traders, share theses, and learn from them. 

4. FinViz

FinViz provides both technical and fundamental information for traders. The site provides visual aids for traders and gives you relevant research information. The site has a free and paid premium service where you can access intraday charts, spot data, an ad-free environment, alerts and fundamental charts. The site allows you to receive feed from traditional outlets and trading blogs.  

5. FXEmpire

FXEmpire is a portal that provides forex traders with real-time data, financial markets analysis, and news from worldwide. The website also provides content on cryptocurrencies such as Bitcoin and Ethereum.

6. MarketPulse

MarketPulse is dedicated to forex, global indices, and commodities news. The site provides technical analysis, macroeconomic data and research on global events that will impact financial markets. Founded in 2006, the site is run by a team of former securities analysts, so these guys understand what traders need. The site is completely free to use. 

7. ForexLive

ForexLive provides insightful forex news and analysis. Founded in 2008, the site is trusted by traders of all skill levels. The site tries to provide the most relevant and impactful news across the news cycle, every day of the year. The site is especially good for traders who trade across several markets and must keep up to date with relevant news 24 hours a day. 

Conclusion

Traders need to combine newspapers of record dedicated to financial and economic news with specialized forex sites, to have the best feel for what is going on in the economy and in forex markets. A broad reading in which you try and test your ideas and find competing facts, will help you become a better trader.