Successful Forex trading requires a lot of things. Ultimately, in order to make a decent trading decision, it i necessary to analyze the situation thoroughly to see the entire market picture and to determine the crowd's intensions. Therefore, analytics turns out to be one of the key things needed for successful Forex trading.
Indeed, the ability to find and read analytics is crucial. You cannot make weighted trading decision without analyzing the situation and defining the near-term prospects as well as the most likely scenarios.
While some of the most advanced traders in the industry can do without external analytics and are capable of gathering and analyzing all the necessary data on their own, most traders and investors still need some external help in terms of analytics data. Most broking companies provide such data. Still, most rookies and intermediate traders find it hard to tell good analytics from the rest of the data available on the web.
Perfect Analytics
The higher the quality of the analytic service offered by a certain broking company is, the more chances its traders have to succeed in trading. According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert in financial markets from Canada, an ideal analytic service is the one that can explain in simple words the following aspects:
Technical analysis
Fundamental analysis
Wave analysis (wave counts)
Third-party independent analytic sources
On top of that, broking companies with good analytic services consult their clients through telling them which forthcoming major events and economic reports can act as market divers and how they can influence the market. At the same time, by providing relevant information from central banks, and other major financial institutions, the broking company helps its clients to navigate much better in the sea of financial data.
Moreover, client-oriented companies often conduct free webinars and online workshops for their clients and invite various analytics experts to share their tips with the audience, thereby improving their client's analytic skills.
Therefore, when armed with a full set of analytic information, traders put the odds in their favor, thereby backing their victory in the long run. At the same time, broking companies are interested in winning traders since they generate more fees through spreads. This is what makes most of the income earned by broking companies. This is what they call a win-win situation.
The only thing that remains to be done is to choose a suitable broking company providing good analytics.
In order to help trades make up their minds, Masterforex-V Expo offers a rating of brokers offering high-quality analytics.
All the participants of the ratings were tested by independent experts. On top of that, over 20 independent quantitative criteria were used to form the rating. Therefore, you can be sure that those broking companies included in the rating are some of the best in the industry in terms of Forex analytics.
Moreover, Masterforex-V Expo launched year-long open voting, which will be taken into account in late 2014 in order to award one of these brokers with the «Best Forex Analytics 2014» title.
In 2012 and 2013, it was TeleTRADE that won the same titles. On top of that, the company edge over the rest of the rating was so huge and obvious that TeleTRADE is still treated by many traders and experts as one of the best analytics experts in the entire international Forex industry. Indeed, this is a major broker with almost 2 decades of operational history, major licenses and hundreds of offices all around the world. Thousands of traders have already managed to benefit from the company's analytics since the analytics service was launched. Yet, the service keeps evolving. A couple of years ago, TeleTRADE launched the industry's first TV specialising in Forex reviews and forecasts – TeleTRADE TV.
As for the current rating, it looks as follows:
As we can see, Forex Trend is currently the frontrunner of the race. This broker is known for introducing a whole new investment solution - PAMM indices. These indices are ready-made portfolios. They offer decent yields at almost zero risk. The rest of the top includes Alpari and RoboForex, other major Forex brokers.
