Since the dawn of the smartphone, we’ve been accustomed to getting more than just communication from these little devices—rather, they’ve become hubs for huge streams of information.
Sure, you can still dial a number and make a call, but more and more of us turn to our phones for other info, from the latest news headlines to the recent happenings in our social groups to sales at our favorite stores.
And when it comes to online CFD trading, the first big breakthrough was the ability for people to download an app that would give them access to the world’s financial markets. However, a simple trading platform just isn’t enough anymore for today’s modern trader.
That’s where iFOREX comes in: with more than 25 years in the financial technology industry, iFOREX helped pave the way for the plethora of trading apps available out there today, and it’s still blazing trails, thanks to its human-centric approach to offering clients more than just the convenience of a CFD broker at their fingertips.
iFOREX is also a source of vital information that can help clients make more informed, knowledgeable trading decisions, and all it takes is a few clicks or taps to access it. Let’s take a closer look at how iFOREX stands out.
No matter what instruments are in your CFD trading portfolio, before you decide whether to open a ‘Buy’ or ‘Sell’ deal, you need as much information as possible so you know which way prices may be leaning.
At this point, you most likely have already studied past price performance and maybe even put a few technical analysis methods to work, in hopes of spotting a pattern. But as helpful as this information is, it only forms half of the puzzle.
The other half is more fundamental and more recent: in other words, financial news. The iFOREX Market News section displays an up-to-date list of news stories that are relevant to the various factors of the financial markets including forex, cryptocurrencies, commodities—basically anything that’s making headlines.
Armed with this information, you can then look at your potential trading deal with clearer eyes and support your speculation that prices may be moving upwards or downwards.
Another important thing to note about iFOREX Market News is that the content is presented in a factual, unbiased way that doesn’t aim to convince you one way or the other. This approach is especially important for less experienced traders, who may allow the commentary of one particular analyst to derail their own thoughts.
The third-party sources that provide content to iFOREX Market News are credible experts in the financial field, and use their savvy and experience to deliver high-quality, easily-digestible articles you can use to get the full picture on any given financial topic—especially those that are trending.
Important financial meetings happen every day around the world, the decisions of which can affect anything from a particular market sector to the entire economy of a country—such as US federal interest rate announcements. Thus, it’s important to stay abreast of what’s going on in time to anticipate price movements.
While you could spend a few hours a day manually looking up each event, that’s not an efficient use of time—time which could be spent reading actual market news. That’s where the iFOREX Economic Calendar comes in. This important tool is provided by a trusted third-party source and provides a constantly-updated list of economic events around the world.
You can easily scroll through it to find those that are relevant to your portfolio or use search filters that make finding the exact events you’re looking for easy. Search by date and time to yield the results you need in only a few seconds.
No matter what market you’re interested in or how successful a trader you’ve been so far, a daily visit to the economic calendar is a must.
The bottom line
One of the most common mistakes traders make is heading into a trade with a hunch; that is, solely based on what you think might happen to an instrument’s price. Even the most experienced traders with years of strategy and tactics under their belt make the daily rounds, checking financial headlines and perusing exhaustive lists of economic events.
That’s just the nature of the markets: all trading comes with risk, and no matter how well you think you know a market sector or instrument, things may happen at a moment’s notice that could drastically affect the price.
Since trusting psychic intuition is out of the question, do the next best thing and check in with iFOREX Market News and the Economic Calendar to ensure you get the full story each and every time.