Forex trading is a big business. It has a large market of websites, but how do you know which one will be best for you. I took some time and gathered plenty of research on the top websites that provide the best Forex information.
Daily FX is the most popular place that you can go to for free market research and news sources is DailyFX.com. This website was developed by FXCM, and it is one of the biggest Forex brokers within the U.S. DailyFX is gaining a lot of popularity among traders due to being able to offer various Forex articles, informative and timely newsfeeds that keeps you informed on any developments that have happened within the Forex market recently and fundamental and technical analysis. I reviewed DailyFX and below are all the things you are looking for. If you are a less experienced trader, DailyFX can give you live trading rooms that allow you watch the market being analyzed by experts as well as having access to daily webinars that will cover a variety of subjects that range from strategy sessions, educational webinars to fundamental and technical forecasts and even Q & A sessions that will help to make your experience better.
Another reason that this website is so popular for all traders is because it is able to address various needs of fundamental and technical traders. The expert team at DailyFX are big into social media and their presence on social media is because of their experience levels. It does not matter what experience level you have, DailyFX is able to give you information as well as education that will exceed the needs you have and help you own the Forex market. I happened to like that they have 24/7 coverage for all of the big trading sessions.
DailyFX has a large product that can be found on the site to be experience enhancing. All of this can help you to focus all of your attention on all the areas that you are interested in. For instance, if you are technical trader, then you are able to fully bypass the section for fundamental trading which allows you to only pay attention to the area for technical analysis.
The last feature that I found to be amazing about DailyFX was that it can provide you with a way to see how other people are positioned within the markets. The Speculative Sentiment Index provides you with a look into how a trader may feel when it comes to certain pairs within the Forex market.
Edio Search is a great search engine that can help any financial professional to analyze the market with time-series pattern samples. The example patterns are proprietary factors, housing starts, interest rates, and dynamic securities prices. The patterns are complex to describe, yet when used with content-based searches, the patterns are able to quickly look for any related occurrences within a big database. Then it will test your investment hypotheses and strategic methods with these situations.
Basically, Edio search will utilize a technology that recognizes patterns which can show how an investor may respond as their behavior is studied through previous trading and market environments. All of this is done without you having to code one line. For instance, if you take the previous three months of price patterns of the Dollar Yen, it is possible to identify instances of the pattern which is most similar throughout history and capture how the investors traded within a week and the project return results. All of this can be done using Eido Search and it is done within seconds.
Edio Search will let you search and then understand the links in asset classes. When you go a step further with that example of the Dollar Yen, you can look at recent trends in prices of crude oil or even U.S. Treasury rates and then compare them to similar instances of the patterns throughout history. You can then see how it was traded during similar markets within the past. However, the studies are common, thus, being able to offer the ability to complete them with speed and statistical information provides a lot of value for a user.
Edio Search uses a method that is able to scale down and then provide an analysis of thousands of portfolio stocks and watch lists. It can even help you with understanding and predicting behaviors of futures, currencies, even macro and micro-economic time series. Meanwhile, the main benefit to using this search is allowing you to generate increased revenue through investments by greatly growing numerous tested investment hypotheses, while improving research quality.
If you are wanting the best research possible then Trading Central is a great place. It is the biggest place to get any investment research. The technical strategies that it covers include fixed income, commodities, forex, index, and equity markets. There are well over 200 financial institutions located in 45 different countries as well as an unmeasurable number of traders that utilize Trading Central to help manage risks as well as locate various investment opportunities that are original.
Recognia is a big deal for those who are looking for automated quantitative analysis as well as solutions for engagement for online retail institutions and brokers. They have over 20 million traders and investors. They offer a product suite that can help to increase the engagement of the user by providing action oriented and dynamic training ideas that come with daily updates on over 800,000 optional contracts and 72,000 instruments for investments. This site can analyze the 85 exchanges all over the globe in multiple languages and currencies which do include fundamental and technical research on commodities, options, Forex, indices, ETFs, and equities.
If you are looking for an analytical tool that can provide a way to automatically scan the market and is able to cover the whole spectrum of assets that are traded within the financial market such as futures, indices, commodities, currency pairs, stocks, etc. then Autochartist is what you need. This software will allow you to become successful and it is able to cater to all the needs of someone in the financial market.