- Economic Events - Economic calendar events occur on a daily basis. It’s important to know which ones you really need to look at when you’re trading the different currencies.
- Geopolitical Risk - There is always risk that can deeply impact financial markets, extending beyond the world of economics. Political instability and acts of terrorism are examples of geopolitical risk that can send markets into chaos.
- News Sources - There are thousands of news portals expressing contrasting opinions. Knowing which news sources are trustworthy can help you make informed decisions.
- Bank Reports - This is probably one of the most underutilized resources. The banks are the largest players in the forex market, so it’s important to understand what their thinking about. Of course, it’s in the best interest of the banks that others align with their vision, so that the market moves with them. Banks are also often the first to anticipate major events in the pipeline and have teams of analysts to help assess the risks associated with these events, i.e. Brexit and Donald Trump becoming the US President.
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