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9 March, 18:39

Why might a broker look at world news and financial data?

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  1. 9 March, 20:54
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    Brokers are the people who invest in worlds largest financial market which is know as the Foreign Exchange or Forex Market.

    Brokers deal in buying and selling of different products like currencies, commodities, stocks, etc. They predict the trends for specific currency or commodity and then decides whether to buy it or sell it on the basis of their analysis.

    To be fully aware of the trends of the specific product, they analyze the factors or news or financial decisions of the economies that can affect the buying or selling pattern of that product. That is why they have to look at the world's news and financial data of the big giant economies like US, Europe, UK, Japan, etc.
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