com is their live charts which highlight specific events that likely impacted movements as well as key candlestick patterns to look out for. com is a haven for technical analysis with a variety of technical tools and summaries to look over that can inform traders on what decisions to make. Largely, they focus on moving averages and pivot points , but they do have an entire page that summarises major pairs by different indicators.

DailyFX is one of the most well-known forex news sites you will likely come across and for good reason. They focus solely on forex trading news and have a team of excellent market analysts who report regularly.

Like many of the other forex news sites on this list, DailyFX writes short and sweet articles that are always backed up with technical analysis. DailyFX is also great for trading strategies as well with a whole page on technical analysis.

Another useful thing DailyFX does is show you how bullish or bearish traders are now. In other words, what percentage of traders are buying or selling on different currency pairs. Traders can also read up on cryptocurrencies, commodities and indices as well.

Forex Factory grabs the second-best spot in our list for being one of the best sites traders can go to get top rated forex trading news. They also mark news stories by how much of an impact they are expected to have as well.

Either high red , medium orange or low yellow. Forex Factory also has perhaps one of the best forex-related forums on the internet with many posts and a lot to learn from. Another useful tool on the Forex Factory website is that they publish the trades people are making and so you can potentially copy their traders or at least see how well traders are faring against the market.

FXStreet is beyond doubt one of the top sites forex traders should be checking daily. Not everything on FXStreet is written by their team, they also have content written by banks and brokers as well , widening the scope of content FXStreet has to offer. Like with many other forex news sites on this list, FXStreet also allows readers to filter articles and analysis by currency pair.

FXStreet even give readers the option to pick out key ongoing events, such as Brexit and the US-China trade war. On top of that, FXStreet also have an invaluable section on cryptocurrency as well. If you remember anything from this article, make it these key points. Want to learn more about forex and how to trade? Then sign up to our forex trading course! If you enjoyed reading Forex News Sites: Top 10 Forex News Sites To Trade The News Effectively from Trading Education , please give it a like and share it with anyone else you think it may be of interest too.

Looking for the best news sites for forex trading? Read on! Start Trading Forex. By Trading Education Team. Last Updated July 23rd Top 10 Forex News Sites To Trade The News Effectively Trading the news is one of the best ways to trade fundamental analysis. Certain forex news sites may publish one or two stories a day, while others release a lot more Want to learn how to trade forex like a pro? Top Forex News Sites to Follow Daily Here are our top forex news sites you must follow.

EARNFOREX EARNFOREX can release up to seven articles a day , usually on specific currencies. Action Forex Action Forex is an ideal forex news site to follow for news on major and minor pairs.

ForexNews ForexNews is perfect for traders who want to get a wider outlook on how the market is doing, particularly those who are interested in cryptocurrency as well as forex. Fx Empire Fx Empire is one of the most popular forex news sites available today. BabyPips BabyPips without a doubt is one of the most well-known forex educators. Forexlive Forexlive is one of the biggest forex news sites today and produces a heavy number of articles a day. com Investing. DailyFX DailyFX is one of the most well-known forex news sites you will likely come across and for good reason.

Forex Factory Forex Factory grabs the second-best spot in our list for being one of the best sites traders can go to get top rated forex trading news. FXStreet FXStreet is beyond doubt one of the top sites forex traders should be checking daily. Key points If you remember anything from this article, make it these key points. Many forex news sites also post articles on other market instruments.

Many in our list also cover cryptocurrency. Forex news sites can publish from other sources. This allows them to have a more diversified point of view. Most forex news sites offer a mix of fundamental and technical analysis. Traders should do their own analysis before trading on it. Look out for useful tools that can inform you how the market is performing.

As far as economic logic goes, an increase in GDP basically an increase in the supply of goods and services must be followed by an increase in the demand for these goods and services, otherwise it's just a negative value. To facilitate that demand, an adequate amount of funds should be made available to consumers.

Thus, a higher GDP means more money, which means more inflation within a central bank set limit. Rather than an increase or decrease in GDP, for a Forex trader, it is more important to know if the GDP increase is in line with other economic indicators - such as the consumer price index - and within an anticipated range.

If it is, it hints at economic strength and an appreciation of currency. A disparity in the pace of increase would hint at least a minor yet growing economic bubble. The Consumer Price Index CPI measures the weighted average price of a household basket of goods and services transportation, food, medical care , with being the base value. For example, if today it costs X USD to purchase a set of goods and services the CPI will read This is an important fundamental Forex indicator, as it helps to measure changes in consumer buying power through the effects of inflation.

Large rises in CPI during short periods of time hint towards high inflation, while short-term severe drops in CPI hint at deflation. The Producer Price Index PPI works much like the CPI, only instead of measuring the cost of ready goods, it measures production costs. PPI does not consider volatile items such as energy and food to receive 'cleaner' readings.

Tracking production costs can assist in evaluating how production level prices may be affected, which in turn can help traders to understand the possible impact on an economy. The percentage of the unemployed part of the population has a direct effect on the spending patterns - and by extension, on the economy as a whole.

An increase in unemployment has a negative effect, as less people are getting paid regular wages. Examples for the reasons behind increased unemployment include: companies downshifting gears, or adjusting their business models due to decreasing demand. The ISM report measures the flow of new orders, thus predicting the production activity in the economy.

It's expressed as an index of A reading below 50 means that there has been a decrease in production orders compared with the previous period.

As supply follows the demand, an increased ISM indicates that the demand for goods and services has increased, which is a good sign for an economy. Admirals offers the ability to trade with MetaTrader 5 in your browser, or to download the entire platform for FREE! Gain access to real-time market data, technical analysis, insight from professional trading experts, and thousands of trading instruments to trade and invest with.

Start your trading journey the right way, click the banner below to get started! Retail sales reports directly track consumer spending patterns, excluding items such as health and education. The population's confidence in the economy is directly reflected in their spending patterns. IPI indicates the monthly change in production for major industrial sectors - such as mining, manufacturing, and public utilities.

This index is considered to be a good indicator of employment, average earnings, and overall income levels in those industries. An increase in the index points towards a healthier economy. The Commodity Price Index tracks the average change in price for commodities like oil, minerals, and metals. This one is particularly important for 'commodity dollars' - which includes currencies of the commodity exporter countries like Canada and Australia.

An increase in the index would constitute an increase in prices, and therefore, higher returns from exports. Note that a decrease in CPI would be good news for the currencies of those countries that import those commodities. Trade balance reports the difference between total imports and total exports.

If more goods are exported, then that represents a positive trade balance. It is an important Forex trading fundamental indicator if we are to measure the dynamic of change. Even if the trade balance is negative, an increase in exports would mean a higher demand for the currency. Trade flow is much like trade balance, only that it weighs up the total inflow of foreign investment against the outflow of total investment.

The more investors there are that are interested in a country's business, the more international trade occurs at a condition of a positive trade balance, and the more positive the trade flow reading will be. But there's a caution to this tale. If there is too much slow positive trade for a prolonged period of time, this can create a bubble. Goods and services can't disappear, but money can, and the bubble can burst - search for the China stock market crash from July for an example of this.

Typically, a positive trade flow means that there is more money coming in, compared with money coming out, and it is a sign of a healthy economy, and an increased demand for currency. Bond price, bond yields, and bond yield spread can also be added to the list of fundamental Forex indicators.

Here is how it works: A bond is a debt obligation. A government bond is a government debt obligation. When people, businesses, or banks purchase government bonds, they aren't really buying anything. Rather, they are lending their money to the government, and in exchange they receive a note that states that the government owes them. Governments are not the only bond issuers. Companies can do that as well - only they call their kind of bonds 'stock' and trade with them on the stock market.

When things start getting shaky in the economy, investors tend to protect their capital by moving it from the less credible debtors to the more credible ones. Who could possibly be more credible than the government? Thus, investors start buying government bonds. The more government bonds there are being bought, the more they cost, and by the virtue of their inverse relationship, the less they yield.

The other type of government debt investors tend to seek safe haven in is national currency. So, for example, when looking at the year treasury notes auction, an increase in price may indicate the strength for the currency. Bond spread is the difference between the bond yields of two different countries, and is a Forex trading fundamental indicator that explains that a currency with a higher bond yield will appreciate higher compared to its counter currency.

Remember, always try pairing up the stronger currency with the weaker one. Before moving onto the second part of our article on the best Forex fundamental indicators explained, here is some food for thought. With GDP, as well as with inflation rates, and other fundamental indicators, it is not how much they differ from the previous releases that is important, but rather, how much they vary from what was expected.

A deviation from the forecast could indicate a lack of insight in analytical circles, and this creates a trading opportunity for a smart fundamental Forex analyst.

Continuing the study of the best Forex fundamental indicators, this part of the article concentrates on the economic theories applied by long-term currency traders.

Market related macroeconomic theories revolve around the concept of parity. With Forex fundamental indicators, parity stands for the equality in readings of the same economic indicators within two different countries.

If there is no parity, currency rates will adjust to compensate for the disparity, but they will do so gradually. For the time of that adjustment, a trading opportunity will exist, so the direction of disparity may serve as a Forex fundamental analysis indicator in itself. Purchasing Power Parity PPP is one of the best fundamental indicators for Forex.

It's used as an economic theory component and a technique that helps to determine the 'true' value of currencies. The idea is based on the law of one price, where if we assume that there are no transaction costs or official trade barriers, similar goods will have the same price around the world. PPP allows traders to evaluate the exchange rates that would be appropriate to be able to buy the same set of goods in those countries.

In addition to this, since PPP can be used to track the change in the price of goods, it provides us with a reading on 'actual' inflation rates, and will be equal to the percentage of the currencies' appreciation or depreciation. PPP can be used to compare countries economically.

When looking at year-long time periods, exchange rates do tend to move in line with the PPP expected rate. This indicator may be further used as an adjuster for economic data like GDP and income, helping to smooth out currency rate differences, and to get a clearer picture of the economic situation. Interest Rate Parity is conceptually similar to PPP, only instead we are researching the purchase of financial assets.

Theoretically, they should yield the same return in all countries after currency rate adjustment. If they are not the same, a currency rate has to be adjusted. This differential is one of the most useful Forex trading fundamental indicators available to a long term trader.

Given these points, investors would, quite logically, hold assets that generate higher yields. As we know, investors hold assets from various countries, so if their yields do not match, there will be a disparity in the currency rates.

Ideally, a Dollar return on a Dollar investment should equal a Dollar return on a Euro investment. Did you know that you can register for FREE to regular trading webinars with Admirals?

Learn directly from professional trading experts and find out how you can find success in the live trading markets. Learn about the best trading indicators, the most popular strategies, the latest news, trends and developments in the markets, and so much more! Click the banner below to register for FREE! The International Fisher Effect is an economic theory which states that a change in the currency exchange rate between countries is approximately equal to the difference in their nominal interest rates at the time.

When explained as a fundamental Forex indicator, the IFE works like this: if higher interest rates mean higher inflation rates, then a currency in a country with a lower interest rate will appreciate against a currency with a higher interest rate. Please note that while the IFE uses reasonable logic, it fails to evaluate the impact of other factors on currency exchange rates.

Balance of Payments also known as the balance of international payments is a record of all payments and monetary transactions between countries for a given period of time. It involves the exchange of goods, services, income, gifts, financial claims, and liabilities to the rest of the world.

BOP consists of three accounts. First, the current account is a sum of the balance of trade exports minus imports , factor income earnings on foreign investment minus payment to foreign investors and cash transfers. Second, the capital account records the net change in the ownership of foreign assets.

Third, the balancing items account is for any statistical errors - and to ensure that the current plus capital accounts equal zero - it is essentially the balance sheet. The BOP deserves a lot credit as a fundamental indicator in Forex, as it enables economists to quantify certain economic policies targeted at very specific economic objectives.

For instance, a country may artificially keep its currency exchange rate low in order to stimulate exports, or conversely, to adopt policies that will attract more foreign investment. Ultimately, both trade account deficit and account surplus may help us to get an idea of exchange-rate directions.

If a country operates at a deficit, its currency will tend to depreciate to compensate the imbalance. Likewise, if a county operates at a surplus, this will lead its home currency to appreciating, longing for the same balance. The Asset Market Model focuses on the money flow element of BOP.

It states that currency is dependant on the flow of capital into the country, with the purpose of purchasing stocks or bonds. The asset market model deserves to be reviewed as a stand alone fundamental Forex trading indicator , due to a relatively recent explosion of growth in financial assets. More money is flowing in and out of countries in the form of financial assets today, rather than in the form of goods and services, making the capital account of the BOP much larger than the current account.

Should a country see an increase in capital flow from investments, it should also see an increase in the demand for its currency, which in turn should lead to its appreciation. Additionally, asset prices and the asset market model are dependant not only on current purchases and holdings of financial assets, but also on the projected behaviour of investors in the future. Today large quantities of financial assets are held worldwide. As changes occur in economical conditions relevant to asset holders, large amounts of capital in the form of various financial assets may get redistributed, upsetting the currency exchange rate of both the country they were held at, and the one they were moved to.

This serves as a reminder that interest rates are the most influential factor in Forex. Professional traders that choose Admirals will be pleased to know that they can trade completely risk-free with a FREE demo trading account.

Instead of heading straight to the live markets and putting your capital at risk, you can avoid the risk altogether and simply practice until you are ready to transition to live trading.

Once you start to trade Forex FX online, you will naturally want to improve your performance. Using certain tools can improve your profitability in the market. Generally speaking, every trader tries to implement their own strategy, while constantly adding new items to it.

As a trader, you will be mainly looking into implementing technical, fundamental, or mixed analysis when it comes to developing your own strategy. No matter what type of analysis you employ, it is vital to understand every type of analysis.

This article will focus on explaining what fundamental analysis is and how it can be used for FX trading online. We'll also review the best Forex trading fundamental analysis software available for professional traders. When it comes to Forex trading, you should understand that this is one of the most volatile markets - and the highest degree of volatility is usually seen during news releases or fundamental events. Such events are usually known ahead of time, yet their results are hardly predictable.

Consequently, fundamental analysis deals with the prediction of the results of an important event, and their transition into trading. In other words, fundamental analysis is the art of predicting the changes that are about to come in world economies, before speculating on how associated currencies will move in relation to the changes. It is not possible to say that fundamental analysis is useful only for fundamental traders. When it comes to profiting from currency moves, it is important to stay aware of the fundamental events, even if you are a technical trader.

Sometimes your technical analysis may just show the best point of entry for a trade. After you enter the trade based on this information, some additional important economic news might be released. This may turn into an instant stop-loss , or even worse, an instant stop out.

To avoid such a scenario, remember to remain cautious about important fundamental events and try to employ fundamental analysis - even if this is not your primary methodology. The best way to incorporate it into your trading is by using Forex fundamental analysis software. A Forex calendar is the most important source of data for your fundamental analysis. This is a type of software that lists the fundamental events, their time, influenced currencies, the power of influence, previous values, expected values, and real values once the news is released.

First of all, it is important to pick the correct time zone. Start by selecting your local time zone in the drop down menu. Once you have selected your local time zone, it is now necessary to select a certain time span over which you are planning to perform your fundamental analysis. This time span depends on the type of a trader you are, yet it is highly recommended to look at least one week ahead.

After this, you will be able to see a list of upcoming economic events, which are usually news releases from a government or central bank. The most important value here is marked under 'Impact', as it determines the possible strength of a currency price shift.

A green impact would indicate a weak shift, a yellow impact would stand for moderate, while a red impact indicates that the news is crucial. What is also important to look at in Forex trading fundamental analysis software is the frequency of events. If you see a lot of green impact events happening within a few hours, you shouldn't necessarily treat them as the ones that have a low impact. If these events are going to influence the same currency, it might be true that the results of these events would trigger higher volatility, rather than just one high impact event.

Another important point to take a look at on the Forex calendar is the difference between previous and forecasted values - as this may indicate a possible shift in the trend of the instrument. Forex calendars may be the most widely used tool for breakout trading, as many fundamental traders try to get into a trade some time before major news gets released, and before the price escalates. This is not really software used for the analysis of fundamental events, yet it is very useful for fundamental traders.

Usually, it comes as an additional plugin with MetaTrader 4 MT4 , but with Admirals you can access OCA orders by applying the MT4 Supreme Edition update. So what is an OCA order?

It stands for 'One Cancels Another'. It does exactly what it stands for. WIth this type of order, you get to set two orders - one buy limit order, and another sell limit order. Once the first order is executed, the second one is automatically cancelled. This is especially useful for fundamental traders that are looking for breakouts. Even though this is not the best Forex fundamental analysis software, it is a useful feature for executing your fundamental analysis more efficiently. Once you've fully understood the benefits of utilising fundamental analysis software in your trading, your next area of focus should be: 'Who should I trade with?

To get more information, or to start trading Forex right now, click the banner below! Informers are quite old fashioned, yet still useful pieces of fundamental analysis software. They function by informing you when a certain piece of economic data is being released. Their main aim is not to display the upcoming events like Forex calendars, but rather to let you know about the results of a certain event as fast as possible.

This is why such pieces of software are useful. Many traders use Forex trading fundamental analysis software in the form of widgets for their Windows desktop, or as a browser extension. Nowadays, it is also possible to set up advanced informers that can send notifications to your email or phone when a certain event is released. This can be particularly useful for traders that prefer to trade on major news, yet find it difficult to constantly keep track of fundamental news releases.

Even though there are lots of pieces of code that can improve your fundamental analysis, Forex calendars remain popular among a large amount of traders. There are also some professional traders that use OCA orders and informers. Having said that, most traders prefer to trade fundamental news manually, and then perform an analysis of their own.

The majority of fundamental traders try to rely on their own vision of economic and political events to trade currencies online. In addition to this, many traders look for a hand-crafted analysis from the top Forex analysts, which can make the use of Forex fundamental software more limited.

This is why Forex trading fundamental analysis software hasn't gained as much popularity among traders or developers. As a Forex trader, you will mostly be relying on a Forex calendar to perform your analysis. The main attribute to look for is the refresh speed when the news is released. Ideally, you want to get an instant update once the news has been published. This is why you should test every option to find the one that reacts the quickest. An important fact to note about fundamental analysis is that it can save you money in more cases than it can actually make you money.

If you are technical trader, you would be much safer avoiding trading on the days or hours of major economic releases, as any technical strategy may become obsolete at such times. For every trader, it is vital to take a look at the economic calendar before engaging in any trade, as this way you can avoid confusion. It is also important to pay strong attention to currency correlation.

In many cases, you may see that news is related to GBP, so you might think you can start trading other currencies, thinking that you are safe. In reality, GBP currency pairs may actually have a strong correlation with the currencies you are trading.

With this in mind, it is vital to check not only the currencies of the events, but their correlation with the other currencies you are planning to trade with. We hope that you have enjoyed this Forex fundamental analysis software article. Keep up up with the latest Forex news released by visiting Admirals' Forex Calendar - and don't underestimate the importance of paying attention to fundamental events, even if you are not a fundamental trader. MetaTrader Supreme Edition is the ultimate enhanced plugin for your MetaTrader platform.

Whether you're trading with MetaTrader 4 or MetaTrader 5, Admirals provides you with access to a range of excellent additional features such as the 'Mini Trader' feature, which enables you to trade outside of the platform at any time, so you never miss the right opportunity to buy or sell. Boost your trading experience and your potential for trading success, click the banner below to receive your FREE MetaTrader Supreme Edition plugin! About Admirals Admirals is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8, financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5.

Start trading today! This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time.

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Best Forex Trading Fundamental Analysis Software Admirals Jun 30, 9 Min read. What is Fundamental Analysis? Why is Fundamental Analysis Useful? The best way to incorporate it into your trading is by using Forex fundamental analysis software Types of Fundamental Analysis Software Forex Calendar A Forex calendar is the most important source of data for your fundamental analysis.

Source: Admirals Forex Calendar What is also important to look at in Forex trading fundamental analysis software is the frequency of events. OCA Orders This is not really software used for the analysis of fundamental events, yet it is very useful for fundamental traders.

In terms of Forex trading, the higher the rate of inflation, the quicker the currency depreciates, and the less reliable of an asset it is for foreign investors, with both resulting in weakness. This time span depends on the type of a trader you are, yet it is highly recommended to look at least one week ahead. Third, the balancing items account is for any statistical errors - and to ensure that the current plus capital accounts equal zero - it is essentially the balance sheet. This allows them to have a more diversified point of view. MetaTrader 5.

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