Forex news is very valuable when trading online. Sometimes you can make the right move quick when you have the right information.

For example, the latest Forex news may be that certain currency is losing steam and you need to make a move and trade right away. This can be accomplished by using a metatrader forex advisor which will allow you to input your criteria and then it will watch the market fluctuation for you and keep a close eye on highs and lows and sell for you when a pre-determined number is reached. This can happen any time - day or night - whether you sleep or not. This is of course NOT a substitute for Forex news sources which you need to follow closely if you plan on becoming a serious money maker with Forex.

Another must have tool is an interest rate table. There are many websites that will outline for you current interest rates for a number of different countries and allow you to go back in time and see how and when interest rates were changed by the central banks of those countries.