Ever since the Forex market saw a huge a growth in popularity a few years ago, hundreds of brokers have began offering new services in order to attract new traders or traders who are looking to switch brokers. One of the free services most brokers have begun to include is a news or forecasting feed
While these news feeds should be great tools for traders, a growing debate has questioned whether or not they are actually useful. The debate tackles a problem which many traders have faced when trading based on a broker’s information & market headlines: is news from a broker reliable and can it be trusted as real market analysis?
The first question is more difficult to answer. While most broker news is accumulated and analyzed by professionals, making it generally reliable and trustworthy, there is a real lack of consistency in the market news most brokers provide. This lack of consistency leads us into the answer for our next question. For more info please visit these sites:- creditkranti.com
Although most feeds can be trusted as market analysis which is able to help a trader make decisions and navigate the market, these feeds are usually very inconsistent and sporadic. When we say inconsistent, we mean that the currency pairs affected by most broker news are in no particular order and very random.
For example: You may get a feed which affects the EUR/USD and open a trade based on that information. But what if you don’t receive another feed regarding the EUR/USD until a few days later? This happens all the time and, unless you’re planning on executing a seriously long term trade, it results in a terrible loss.