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dollar. The other option is to use derivative products, such as options and futures, to profit from changes in the value of currencies. If you buy an option on a currency pair, you are gaining the right to purchase a currency pair at a set rate before a set point in time. A futures contract, on the other hand, creates the obligation to buy the currency at a set point in time. Both of these trading techniques are usually only used by more advanced traders, but it is important to at least be familiar with them. For more on this, try Getting Started in Forex Options and our tutorials, Option Spread Strategies and Options Basics Tutorial. If you want to know how the latest news releases are going to affect your trading session, AnalystFX is the right place for you as it is one of the best forex forecast website . It provides the key news releases and indicators that will have an impact on your forex trading session that shows how severe the news situation is. In addition, AnalystFX boasts a robust site covering all aspects of trading analysis including technical,fundamental and sentiment analysis. They also have a broker info section. I personally like the writing style and detailed reports on what events we need to focus next, to stay one step ahead of the biggest market in the world.
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Unlike most of the forums in this list, DailyFX is owned by a leading broker, FXCM, and the content is tailored towards their clients.
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1Retrieved 12 April 2016 corporate brochure 0.
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