In the arena of active forex trading, staying abreast of evolving market conditions and their historical context can be an arduous undertaking. Seemingly endless data sets and news items are constantly in line for scrutiny, with each potentially impacting the eventual success or failure of a specific trade.
A wealth of information for individuals interested in the study of market fundamentals and technicals. Economic calendars, news feeds, charting data and proprietary indicators enable traders to view the forex within a current or historical context. Opportunity is often found within the framework of intensive market study, and Friedberg Direct offers access to FXCM's robust research suite capable of satisfying even the most inquisitive currency trader or investor.
The scheduled release of an official economic data report or unexpected news item can have a considerable impact upon many different facets of forex trading. Such events can lead to a spike in market participation and increased volatilities, creating either opportunity or risk.
Remaining cognizant of such releases can be cumbersome. Much of the guesswork is eliminated though the provision of a meticulously detailed economic calendar. The economic calendar lists the date and time of potentially market-moving economic events, projected volatility, as well as consensus opinion and hard data values.
Breaking news items are often unpredictable, generating an atmosphere of uncertainty within the marketplace. The market news application aims to keep traders and investors on the lead lap of rapidly developing events.
In the current digital marketplaces of the world, the majority of short-term trading decisions are made according to the tenants of technical analysis. The study of past and present price action as a predictor of future market behaviour is an extremely popular discipline among active traders. Forex Charts is an application enabling traders to pull a price chart for a desired instrument, with customisable time period and indicator overlay.
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The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.