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Forex Education
by ForexNewsNow Team on September 6, 2010

Realtime forex: Why is realtime forex news important?

Realtime forex - RBNZ chief Alan BollardNEW YORK (Forex News Now) – Currency market trading occurs 24 hours a day, 5 days away; as such, one can define the market as “realtime forex.”

Realtime forex information is essential to FX traders, since a jump or a decline of a few dozen pips can make or break a position. What is more, economic indicators have a direct impact on realtime forex, also making such information crucial.

Almost all forex trading strategies require realtime forex information for their successful implementation. For example, realtime forex needs a constant and up-to-date flow of accurate, realtime forex data for the correct calculations.

One of the main advantages of the currency market, as opposed to some other financial markets, is the ease with which traders can access realtime forex data.

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