News travels lightning-fast and impacts price action instantly. Depending on the news, it can cause breakouts, breakdowns, or trend reversals. Therefore, profitable traders rely on high-quality news services, even if they trade purely based on technical analysis. Forex news Telegram channels continue to gain in popularity. I have dug deep to find the most reliable ones for traders to consider adding to their toolbox, so as to understand and profit from price action.
The Rise of Telegram as a Forex News Source
Forex news Telegram channels rank among the most-used sources of forex news and updates over the past few years as Telegram offers an excellent combination of availability, security, and features to 1B+ users and growing. Mobile trading apps are popular among many millennials, and GenZ traders and those from frontier and emerging countries. Since Telegram offers a mobile app, it has become a go-to news outlet for many traders. It acts as a news aggregator, as traders can subscribe to as many Forex news Telegram channels as they wish.
Many reputable news services offer free Telegram channels, alerting traders to breaking news, economic releases, and other potentially market-moving content. There is a difference between Forex news Telegram channels and Forex signals Telegram channels. The former provides news where traders must decide what to do with them, while the latter offers actionable trading recommendations.
Forex signals Telegram channels may offer news as a value-added service, but reputable Forex news Telegram channels never offer trading signals.
Handpicked List of Must-Follow Forex News Channels on Telegram
With thousands of Forex news Telegram channels vying for traders, I have created my top six, which ensures traders get reputable Forex news from Telegram.
My Top Six Forex News Telegram Channels
1. FXStreet Forex News
FXStreet Forex News has 81K+ subscribers and traders receive news and charts with relevant data, presenting ideas for potential trades.
2. Bloomberg
With 140K subscribers, Bloomberg ranks among the most-used services among professionals, and its new service remains a trusted source, but the frequency could be less than some active traders require.
3. Live Mint
Live Mint currently has 126K+ subscribers and offers a collection of market news, quotes, and articles that can inspire traders to look for trades.
4. Reuters World
With 42K+ subscribers, Reuters is another excellent news source trusted by thousands of professionals, but it broadcasts from its website and not an official Telegram channel.
5. CNBC International
Having only 8K+ subscribers, CNBC is notably smaller than the previous three Forex news Telegram channels but has an equally trustworthy reputation among professional traders.
6. Forex Live News Update
Forex Live News Update has 5K+ subscribers. It is a relative newcomer among Forex news Telegram channels, but traders must pay for real-time news.
Customizing Your Telegram for Optimal Forex News Delivery
While some Forex news Telegram channels offer general market-related news, some specialize in select sectors and even specific assets.
Here are my tips on customizing your Telegram for optimal Forex news delivery:
- Subscribe to Forex news Telegram channels offering economic news coverage
- Include Forex news Telegram channels covering the assets you trade
- Install Telegram on your desktop and mobile app, ensuring you receive alerts on the go
- Avoid Forex news Telegram channels that spam advertisements, as it will distract you and make reacting to actual market-moving events less efficient
Integrating Forex News from Telegram into Your Trading Strategy
Forex news Telegram channels will provide traders with market-breaking news and alert them to economic releases, but how can you integrate them into your trading strategies?
Here are my observations on how to best integrate Forex news Telegram channels:
- Use Forex news Telegram channels as alerts to monitor your portfolio
- News traders can buy and sell currency pairs affected by the news
- Know the time and severity of market-moving economic releases and be ready to act once the news breaks, but latency could decrease the effect
- The most advanced option is to develop an API that reacts automatically to news published by Forex news Telegram channels
Expert Tips for Using Telegram Channels to Maximize Your Forex Knowledge
Before subscribing to dozens of Forex news Telegram channels, traders should consider some expert tips to ensure they only rely on quality and reputable news outlets, as the sector is filled with scams and fake news, serving as an on-ramp to trick traders into subscribing to premium services.
Here are my expert tips to consider before using Forex news Telegram channels:
- Many Forex news Telegram channels are free, and traders should approach paid-for subscriptions cautiously
- Subscribe to Forex news Telegram channels that feature experts analyzing the news, not just reporting it
- Use a demo account to test the speed of Forex news Telegram channels, your reaction time to events, and how it can impact your portfolio
- Develop, or pay a developer, an API that will connect to your Forex news Telegram channels and your trading platform to automate the process, as manual trading places every trader at a distinct disadvantage, especially when markets react in fractions of a second to breaking news
Bottom Line
Forex news Telegram channels can provide traders with a valuable source of information, so long as traders subscribe to reputable providers and avoid the marketing-heavy option that uses news services as an on-ramp to up-sell subscriptions and actionable trading recommendations. Using software to automate reacting to news and placing trades or modifying existing ones ensures the most effective outcome.
