Every day there are thousands, if not millions, of traders entering the financial trading markets. Each trader has different intentions, some traders are looking to make trading a part time profession, whereas others are simply exploring different options, and are no more than intrigued. No matter your intentions, when first starting out in the industry, all traders look to obtain the relevant education and tools to enable them to analyze and trade efficiently.
Here at eXcentral, we understand it can be difficult and stressful entering a new market for the first time, which is why we provide assistance in different ways. First, each trader is able to keep contact with an account manager. An account manager can assist you with the website, platform, process and activity happening within the market. Though you should note, account managers are not managing your account, nor able to give you investment advice.
So, if you are one of the individuals asking the question “where I can obtain in depth education and market directions’, hopefully you will find the answer in this short blog
eXcentral has partnered with Trading Central, a well known independent global analytical firm. Traders should note that Trading Central is 100% independent and not connected to eXcentral to ensure there are no conflicts of interest.
The first thing which Trading Central provides is chart analysis with actual potential market directions. When you are on the website, click on trading analysis and then chart analysis to take you to this page. On the chart analysis page you will notice you can select which type of asset you wish to obtain analysis for; Forex, Stocks, Commodities or Indices.
When looking at the charts you will notice that Trading Central provides the following:
Preference Direction — this will include what Trading Central’s analysts believe in terms of the price movement and 2 potential targets in terms of where the price may reach.
Alternative Scenario — the market is volatile and unpredictable, therefore it is always important to prepare for a different type of movement. For this reason, the analysis will provide you with 2 alternative targets if the price movement changes.
Pivot Point — the chart will also provide you with the possible pivot point. Any movement above this pivot is likely to remain bullish, whereas movement below indicates a bearish stance.
Traders should note that signals in general are not 100% accurate and the signals can change as time progresses and if the market is volatile. Therefore, caution should be taken as signals are purely an indication and not a guaranteed movement
Unique Forex Calendar
Traders often use Forex Calendars as they can be helpful in terms of news and events happening while trading. Calendars are easy to find online and they are all pretty much the same with the same benefits. However, traders should note that the calendar on our website produces 2 very unique and helpful reports, which others do not.
The first report is a statistic vs prediction report, and the second report is a volatility and reaction report. Both can give you great insight as to how the statistic performs against the markets predictions, a way to establish possible market trends. Also, the volatility and reaction report gives you the reaction of the asset after each report is released, this allows you to see if the asset is increasing or decreasing after each report.
This is a tool which traders can use as part of their analysis but should keep in mind that past performance is not indicative of future results
New traders entering the market will, without-a-doubt enjoy the educational material shared via our webinars. Our webinars have established 60,000 views on YouTube alone over the past year and 50 hours of helpful information.
Webinars are not to be confused with investment advice, the material is here for educational purposes but can provide useful information on the following topics:
Price analysis methods
Pattern analysis methods
Indicators and other tools
This article was written and submitted by eXcentral.
Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing investing advice or a recommendation, or an offer of or solicitation for any transactions in financial instruments or a guarantee or a prediction of future performance. Past performance is not a guarantee of or prediction of future performance.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.81% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.