Since the beginning of the year, we have seen many brokers introduce various Forex analytics tools for their clients benefit. This is all completely logical, actually – after all, without proper analysis Forex trading would be no different from gambling! To this end, Russian broker
EXNESS has just announced it has struck a deal with investment research provider Trading Central to allow its clients access to daily technical analysis on a number of currency pairs, absolutely free of charge.
The new feature will be available in the Analytics section of the Personal Area of all three types of live accounts offered by the broker (Mini, Classic and ECN), once a deposit has been made. Unfortunately, the service does not apply to trial accounts. The analytical reviews will be provided in English and will concern a total of 10 currency pairs: EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD, EURJPY, GBPJPY, EURAUD, AUDUSD, and NZDUSD. Traders can also access another informational feature, Web TV – a video feed containing various financial news and broadcasts from the New York Stock Exchange – in the same section of their account.
As I mentioned already, having accurate, up to date analysis tools of all sorts and kinds is crucial to both Forex traders and brokers. We have already seen a number of analytics solutions in the past few months, each striving to offer the most useful and accurate trading data. Back in January,
myfxbook announced the release of its
Forex Trade Analytics tool which displays essential statistics for each trade. In the beginning of March,
HotForex and
Saxo Bank both launched their own analysis features. HotForex started providing
analytical reports from Trading Central, similar to what EXNESS is doing now, while Saxo Bank introduced a
Comparative Studies tool designed to compare various financial instruments.
Obviously, EXNESS is not only following a trend here; the broker actually has some serious catching up to do. Still, better late than never, right?
About EXNESS
EXNESS is a Russian based broker that provides professional services to MetaTrader 4 (MT4) traders. The company prides itself on offering profitability, reliability and convenience to its clients. Some of the perks of using EXNESS include minimum floating, leverage of up to 1:2000, minimal non-trading risks, flexible deposit and withdrawal options and competent customer support.
About Trading Central
Trading Central is a leading investment research provider founded in 1999 with offices in New York, London, Hong Kong and Paris. Clients include 100+ investment banks, asset managers, brokers in 30 countries.
Trading Central has been established as a leading provider of innovative research solutions on all asset classes based on its proprietary award-winning models. Based on market psychology and behavioral studies, Trading Central provides event-driven research and action-oriented technical analysis strategies as a reliable source of original trade ideas.