As a forex trader, level of expertise irrespective, it is important to follow forex blogs and sites in order to keep in touch with realities about the forex market as well as the latest information too. There are tons of forex blogs out there on the internet, and anyone who wants to build a habit of following one or two forex blog may find it difficult to pick which to follow. Actually, it may not be the best idea to follow only one or two blogs as a way of keeping in touch with the latest news update about foreign exchange of currencies. One can stick to one blog but still read wide to soak in as much information as possible.
WHAT TO LOOK OUT FOR IN A FOREX BLOG
As was mentioned earlier, there are so many forex blogs that traders hardly know which to choose. Here are some tips to guide traders on what log to go for
- FIRST IMPRESSION:
On a first contact with a thing or person, there is usually a first impression. The first time you visit a blog site and you notice that the fonts are in good contrast with the background, clear enough, and easy to read, you will not have a problem reading what is on display. In a nutshell, the graphical user interface must be user friendly. This is where to start with any forex blog.
- NEWS UPDATE:
No one is sure why traders put up their blogs in the first place but any forex blog that features forex new update is one to follow. There is no way one can do a business efficiently without knowing the latest information about that business. If the blog contains news updates, the traders will be well informed and the blogger too. This way, the blogger can stay on point about current things in the forex market and keep the readers well informed.
- EXPERTISE AND EXPERIENCE:
What makes a blogger fit to blog about forex trading? Is the blogger a trader, a broker, or just a writer? The internet is a free world and anyone can just come up with anything about anything, put the up on their sites and blogs for people to read. Therefore, traders must be careful what blogs they follow to ensure there is a good level of credibility in the information being displayed there. In most cases, traders that are experienced in forex trading make better forex bloggers than just anyone.
There are a lot of things to look out for in a forex blog before subscribing to follow the blog. However, a forex blog with a good graphical user interface, most recent news updates, and a renowned trader as the blogger, is a good place to start.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.