Forex4you top free analysis services and access methods
Forex4you offers three main types of analytics to help traders achieve their goals, covering both fundamental and technical analysis。What are these and how to get them for free?
Forex4you offers three main types of analytics to help traders achieve their goals, covering both fundamental and technical analysis。What are these and how to get them for free?
Forex4you is a well-known forex broker that provides reliable trading services for novice traders and experts。Founded in 2007, the company offers many services in terms of assets, transaction fees, investment security, account types and customer support.。On top of that, Forex4you also offers a range of powerful analytics tools free of charge to help traders understand market conditions, price movements and sentiment data.。
Forex4you currently offers three main analysis tools, namely:
- Dow Jones News: Provides the latest market news and reports, major currency position commentary, central bank commentary, and legal and political news。
Autochartist: Discover trading opportunities with automated chart pattern recognition, volatility analysis, quality indicators and key levels。
Trading Center: An easy-to-read source of technical analysis that can be used to analyze the six most commonly traded currency pairs based on expert analysis and research。
All the above tools are completely free for Forex4you users, so don't worry about transaction costs, let's take a look at the details and understand how to get them on Forex4you。
Dow Jones News
Often, technical analysis alone is not enough to develop a reliable trading strategy。Tracking market news is also important to some extent because it can seriously affect price movements and your overall trading。It can help you avoid periods of high volatility and find the right time to enter or exit the market。
In this context, Forex4you provides the Dow Jones News feature with more than 100 news headlines per day, including the latest market news and reports on various topics, commentary on key currency positions, central bank commentary, economic cycle analysis, macroeconomic indicators, and legal and political news.。
The key to using this tool effectively is that you need to be able to find news that is particularly relevant to your trading。Focusing on irrelevant news can be a waste of time and can even lead to wrong decisions, so make sure you follow the really important news。
Autochartist Market Report
Autochartist is a very useful technical tool that can provide trading signals and trading opportunities based on financial data。The software is often used as a plug-in for trading platforms such as MetaTrader 4 and MetaTrader 5 In Forex4you, Autochartist is available for 17 major currency pairs。
Autochartist provides a variety of functions, such as automatic pattern recognition, volatility analysis, reporting, quality indicators and key levels, basically identifying different types of patterns on the chart to help traders find profitable trading opportunities。It monitors the market 24 hours a day, so it has real-time insight into market movements.。After scanning the market, the software provides you with price notifications or trading signals。
According to recent research, the accuracy of Autochartist signals is about 60-80%, making it a very attractive solution for all types of traders。However, that's not to say you should trust it completely。Autochartist does highlight potential trades and changes in the market, but you're the one who dominates the trade。
Trading Center Analysis
The trading center provides a set of solutions designed to help traders analyze market conditions and spot trading opportunities。It provides an easy-to-read source that includes advanced technical analysis of the six most frequently traded forex pairs based on expert analysis and research.。This tool can help you eliminate market noise and focus on important information that could seriously impact your trading strategy or portfolio。
In essence, the trading center has several important functions, such as:
- Maintain the direction of price movements and price targets
Use mathematical indicators to determine initial positioning and find the right time to enter / exit the market
Confirm trend reversal or persistence using a candle chart
How to read the trading center report
The following is an example of forex4you's trading center report。
- The green line represents the resistance line
The red line represents the support line
The blue line represents the alternative line, which touches where switching to the preferred alternative is strongly recommended
How to access Forex4you's free analysis
The above three analyses are completely free and available to all eligible customers. Here is a step-by-step guide you should follow:
- Open the official website of the broker and click on "Open an account"。
Enter your personal information such as email address, phone number, etc。
Provide all documents required to complete the validation process。The broker will inform you if the document is approved, it may take several business days to complete。
Once your account is fully verified, simply open the trading room and go to the "Analysis" section。 - When done, select any tool you want to use from the top submenu and start the analysis。
Why trade at Forex4you
Forex4you is one of the few brokers dedicated to contributing to the online trading industry by providing a transparent trading environment with greater accessibility and adaptability. With more than 15 years of experience, the broker has now opened more than 1.8 million accounts and executed transactions worth no less than $728 billion.。
Forex4you offers multiple types of accounts, including cent accounts for beginners and classic and professional accounts for advanced traders.。Over the years, the broker has continuously updated its features and technologies to expand its services and meet the needs of its clients.。
Forex4you has largely gone unnoticed since offering its services in 2007, although its trading conditions are considered one of the most flexible among other forex brokers.。The broker is based in the British Virgin Islands and is currently regulated by the British Virgin Islands Financial Services Commission (BVIFSC), the local financial regulator.。
After opening an account at Forex4you, traders can choose leverage up to 1: 1000 thanks to the relatively loose policy of the BVIFSC。Forex4you classifies account types by execution, with two of the four available accounts using instant execution (Cent and Classic), while the remaining two require market execution (Cent NDD and Pro STP)。For traders who choose an instant execution account, no trading commission will be charged, but the spread is a bit high because it is in the range of 2 points (the lowest); on the other hand, despite the commission of $8 per lot, the account type with market execution function can still provide 0.Floating spread of 1 point。
Forex4you does not offer an overnight interest-free feature, so the broker is not Sharia-compliant。Nevertheless, it is worth noting that the broker offers an alternative to trading on the platform, so if traders feel restricted by MetaTrader4, they can try to trade on another platform with a new interface。The platform is Forex4you's unique trading technology, available on WebTrader and mobile apps。
Forex4you also highlighted their own social trading platform, Share4you, which allows all traders to play the role of leader or follower.。Both sides have a common advantage because the leader can get additional fees from followers, and followers can follow orders to make trading easier and more reliable because the signals come from more experienced traders。
In addition to innovations in trading platforms and social trading facilities, Forex4you is also quite transparent in terms of liquidity providers for its forex pairs.。However, they do not have a specific page of contract specifications specifically for other classes of assets。
Payment methods in Forex4you are very limited and only available for bank transfers, Neteller, Skrill, WebMoney and credit cards (Visa and Master cards)。The broker claims to have more than a million accounts worldwide, so Forex4you is one of the stable-performing forex brokers, even if its popularity hasn't skyrocketed because of an intense marketing program.。
What makes Forex4you trading stand out is the remaining cent account, which allows traders to trade at contract sizes as low as 1,000 units per lot.。Ultra-small trading volumes have been notorious for traders who want to trade in real accounts with very low risk。However, as retail traders appear keen to take on more risk, the number of brokers offering the cent function is tapering off.。However, Forex4you still retains its cent account, not only offering one type, but also two execution types, so beginners can make their own choices in terms of commission or other spreads。
All in all, if you are looking for flexible trading conditions and an advanced social trading platform, Forex4you is one of the top choices for forex brokers。In addition, the remaining cents account offers an interesting option even for experienced traders looking for an alternate account to try out new strategies。Nevertheless, since the company is registered in an offshore jurisdiction, large transactions are not recommended。
Forex4you is a Forex and Contracts for Difference (CFD) broker with over 15 years of industry experience.。The company is committed to contributing to the global transformation of the online trading industry - increasing transparency through instant and market execution, multiple trading platforms, free market analysis, and multiple account types, so that everyone can conduct real transactions.。
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