Unless you're subscribed to a signal provider or a PAMM investor, you cannot possibly skip the analysis process in trading. This stage is very important because it deals with looking for the right opportunities to gain profits. Without forex analysis, you will have no clue about what's happening in the market and are prone to trade randomly.
To make forex analysis easier, you can use resources from various sites. There are expert recommendations from both fundamental and technical sides, economic calendars, and forex news feeds to help you keep up with the current market situation.
You can get all the essential forex analysis features with Exness broker. Not only does it provide conveniences in trading, Exness also supports clients in their attempts to win the market.
There are 6 types of analytic tools provided by Exness broker:
1. Economic Calendar
Get the latest information on important economic events and data releases via the Exness Economic Calendar. This tool allows traders to monitor market-moving events, providing insight into upcoming news in chronological order.
Furthermore, Exness broker keeps traders stay ahead by sending notifications to their platform's mailbox. The Economic Calendar can also be bookmarked to make it easier for traders to track the market from time to time.
2. Trading Signals from Trading Central
You can acquire Trading Central signals directly from Exness to improve your strategy before making a trade. You can also utilize them to build a trading plan. Trading Central applies various analytical approaches so their signals can provide relevant information for any market conditions and time frames.
3. Trading Central WebTV
With Trading Central WebTV, you can watch live video from the New York Stock Exchange. This content features market commentary and actionable trading ideas from Trading Central analysts.
The video content is regularly updated around 12:00 GMT every day, around the opening of the New York session. The video displayed is available in various languages, including English, Mandarin, and Arabic.
Overall, Exness presents Trading Central WebTV to help traders get regular market reviews and make informed trading decisions.
4. Tick History
Tick history provides a complete list of all price ticks for an instrument at any given time, which you can use to backtest trading strategies or compare prices between brokers.
You can access the historical tick data archive, by downloading the file and then opening it in a Notepad or TextEdit. Any questions about historical price data can be inquired to the Exness customer support team.
5. Currency Converter
Exness provides a currency converter to calculate currency exchange rates quickly and accurately. To use the converter, simply select the base currency, enter the base currency amount, and the exchange rate will be calculated automatically. If adjustments are required, users can easily change the currency by selecting the desired currency from the dropdown list.
6. Investment Calculator
Rounding up its tools with investment calculator, Exness broker specifically designs this feature to simplify traders' management. This calculator automatically calculates important trading metrics such as margin, spread costs, commissions, short swap, long swap, and pip value. As an all-in-one pip calculator, this feature can prove invaluable for traders who manage many open positions across a wide variety of instruments, as it can provide practical and accurate calculations of trading costs and potential profits.