Best Broker For News Trading

Discussion in 'Online Brokers' started by fxstreet, Dec 11, 2019.

  1. fxstreet

    fxstreet Senior Investor

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    To be profitable in news trading, you need a broker with Advanced trading platform and light speed server. If you use a broker that produces high slippage and freezes during a fast market, you are bound to lose all your money in seconds. So choose the right broker. I'll recommend Forexchief broker for this because the mt4 and mt5 executes orders with great speed and no freezing. My question to all news trader is: What is the best indicator you use for news trading?
     
  2. J_C_Anderson

    J_C_Anderson Senior Investor

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    For sure, trading platform is very important for news traders. In case if you make your trading decisions based on the news, you need to ensure that you will get timely and accurate execution of all your orders.
    Nowadays there are a lot of reliable tradig platforms to choose from, so it is quite easy to compare the core elements and choose one to work with. First of all, news traders should pay attention to the quality of execution and general performance of the platform.
     
  3. Phillip Mark

    Phillip Mark Senior Investor

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    I use Forexchief and I am still stuck with the mt4 platform. Call me old school, but when a system is working for me, I rarely change it. The broker has been excellent so far.
     
  4. Duong

    Duong Well-Known Member

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    An economic calendar with real time alert is the only tool you need to make an informed decision. You also need to follow the news worldwide to know where an exchange rate will likely react to certain news. The Calendar tells you of incoming news, but your previous knowledge will tell you how a currency will react to it. Forexchief has other benefits, its fast execution is also good for scalping. Enter and exits you in seconds without gaps.
     
  5. Andris

    Andris Active Member

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    Fundamental indicators are just the news calendars and news websites. Forexchief is the best for this strategy as you've rightly said.
     
  6. Hari Rastogi

    Hari Rastogi Active Member

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    It's hard to mention a specific broker will give you the right news. You get news but it is not guaranteed that you will do profitable trading on it.
     
  7. Phillip Mark

    Phillip Mark Senior Investor

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    Forxchief does not give you that much news. They have a very good platform to apply or trade when the news is critical to market movement. At the time the market moves so fast and many pips further. It prevents a good opportunity to make profit. But only a few brokers allow it. Forexchief allows it and the servers are every fast to execute your order in that period.
     
  8. Benigna Mazzi

    Benigna Mazzi Active Member

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    The best and reliable broker is very important for a new trader. A new trader can’t earn profits without a reliable broker. I trade with Eurotrader. They are a very reliable broker. They take no additional charges while withdrawing money. They are one of the best brokers I have ever worked. They provide a very easy process to open an account. If you are looking for a reliable and best broker then you can easily go with them.
     
  9. Jason360

    Jason360 New Member

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    Using a good broker is necessary if you want to be successful in bitcoin investment , I used emberfundbiz and I earn profit weekly . I advise to contact - [email protected] .com
     
  10. Susan

    Susan Member

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