FEATURE
holders, as well as contributing outstanding analytical editorial content to publications including the Exchange. FXDD has a vast online library of webinars, which are available in multiple languages, including English, Spanish, Japanese, Chinese, and Arabic. FXDD strategists host 10-12 free webinars every week, keeping account holders completely up to date with the entire goings on in the marketplace. In addition to weekly webinars FXDD provides customers with fundamental market analysis videos, forex news and a live market commentary blog at http://Forex.fxdd.com/ and www.forexlive.com. FXDD’s Director of Education and Technical Research James Chen and chief market strategist Greg Michalowski are two of the premier technical market analysts in the forex industry and contribute heavily to the platform’s market commentary. As well as being FXDD’s chief market analyst Michalowski, who writes a regular technical analysis column for The Exchange, is also a published author, whose latest book “Attacking Currency Trends” was published earlier this year and has worked at some of the world’s leading financial institutions. Countering for the UK is FxPro (UK), led by chief strategist Michael Derks and Chief Economist Simon Smith. Both are regular columnists for the Exchange and provide a fascinating and unique insight into the markets. Exchange readers will already know first-hand the quality of the FxPro (UK) team’s insight into the inner workings of the financial
markets, but for FxPro (UK) customers this is only the tip of the market analysis on offer. An excellent daily forex brief (also available through The Exchange’s website), news and opinion blogs can be found on the FxPro (UK) website as well as FxPro TV, on which can be found market-related informative videos. The regularity of FxPro (UK)’s market analysis keeps customers up to date and provides an essential tool for fundamental and technical analysis-based traders when opening and closing positions in the markets. Verdict For quality of market analysis there’s little doubt that FxPro (UK) is right up there at the top of the game ahead of the majority of platforms who offer regular daily market analysis. Frequency, accuracy and insight are the most important factors when determining how useful a platform’s market analysis is, and FxPro (UK) excels in all of these areas. If traders are looking to open an account with a forex provider that also offer the highest quality market analysis then a very prudent choice of platform would be FxPro (UK). However, for sheer amount of market analysis on offer no forex platform either side of the Atlantic can compare with the service offered by FXDD. Its webinars, videos, technical analysis, fundamental analysis news and blog are unparalleled in the market, and are of such an insightful quality that they act as an essential tool in helping their customers be profitable. Whilst there is no fault I could make
about FxPro (UK)’s market analysis and I would recommend it above almost every other platform’s to anyone, given a choice between the two FXDD offers a larger scope of information in more media formats.
Final Result: Europe 1 ½ - 2 ½ USA
Conclusion Every matchup was predictably close, but perhaps surprisingly it’s the Tiger Woods-less Team USA who are hoisting trading’s version of the Ryder Cup this year. That being said Team UK shouldn’t feel the need to head for hills quite yet as any notion of a foreign invasion monopolising the British forex market would be an exaggeration to say the least. There are some very good forex platforms in the USA (including a number that haven’t even been mentioned in this article) but there are also some exceptional platforms in the UK and Europe, and as always we would encourage all traders, be it novices looking to open their first account or individuals looking to take a further step towards becoming a professional retail trader, to shop around and do their own research to find the platform that suits their needs best. After all, when it comes to forex its not where the market makers are from that’s important, its whether they can help you get where you want to go that makes all the difference.
September 2011 | THE EXCHANGE | 33