In order a foreign currency trader to start trading they need information platform. In the early 20th century global forex traders received their information via stock telegraph. Today, in the era of computerization, the stock telegraph is replaced by modern information systems. Via satellite communications a trader receives real time rates quotes information, recent political and economical news for decision making. Except online news graphics and charts modeling, that are an essential tool for a market trader are available. It’s impossible for forex currency trader to trade online with no appropriate software. This rule is essential not for foreign currency trading only but for any financial market.

Information services market is represented by four global providers: Dow Jones Telerate, Reuters, Bloomberg and Tenfore. The first and the second are the most popular and the most expensive. Yet, it is very hard to compare all these products as they are of the same level but have some unique traits that are very special for each of them. Dow Jones Telerate is marked for high level of technical analysis and the forecasted forex trading strategy hints based on them. Bloomberg price is somewhat cheaper (from 1000 per month). Moreover, you may find new information products in the Internet that are a great correspondence of good quality and low cost (from 2500 per year) and contain quite strong information and analytical base. And finally you will need reliable communication services. A medium and small investor can do with telephone line. It’s very important to check if the system contains dedicated lines (1500 – 2000$) and digital subscriber dialing that enables you to react on market happenings as soon as possible.