Successful trading in financial markets (including Forex) requires a lot of ingredients. Ultimately, if you really want to make a decent trading decision, you are strongly recommended to conduct comprehensive analysis of the situation in order to see the overall market picture and to find out the market’s intensions. With that said, analytics turns out to be one of the key aspects of achieving success in Forex trading.
Without any doubt, your ability to find and read high-quality analytics is vital for your. You cannot make really weighted investment decisions without analyzing the market situation and outlining the near-term prospects along with 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.
High-Quality Analytics Makes Perfect
The higher the quality of the analytics your broking company can boast, the more chances you have to succeed in trading Forex or any other financial market over the long term. Eugene Olkhovsky (Canada), Masterforex-V Academy’s leading expert in financial markets, assumes that ideal analytics can actually cover the following aspects (in simple words):
• Technical Analysis and Fundamental Analysis
• Wave Analysis (Wave Counts)
• Third-Party Independent Sources of Online Analytic
On top of that, Forex brokers with excellent analytic services are capable of consulting their clients by telling them, which forthcoming major events and economic reports can act as market drivers and how they can influence the market. Meanwhile, through providing relevant information given by major financial institutions (including major banks and liquidity providers), the broking company helps its clients in navigating much better in the financial environment.
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 actually makes most of the income earned by broking companies. This is what we call a truly win-win situation for everyone. The only thing that remaining is choosing a reputable broking company, which can actually provide premium-quality analytics on a daily basis
With that in mind (in order to help traders make really weighted trading decisions), Masterforex-V Expo launched a new rating - rating of brokers offering high-quality analytics.
All the participants of the ratings were tested by independent experts. On top of that, more than twenty objective quantitative criteria are used to make the mentioned rating. With that said, 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, at the beginning of Masterforex-V Expo launched year-long open voting, which will be taken into account at the end 2014 in order to award one of these brokers with the «Best Forex Analytics 2014» title.
TeleTRADE has been winning the title since 2012. On top of that, the company’s competitive edge over the rest of the representatives was so huge and obvious that TeleTRADE is still considered by many traders and experts as one of the industry’s best experts in Forex analytcis. Indeed, this is a truly major broking company with almost 2 decades of excellent operating history coupled with major licenses and hundreds of offices worldwide. 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 specializing in Forex reviews and forecasts – TeleTRADE TV. Now it seems to win the title once again.
As for the current rating, it looks as follows:
