Forex trading has never been so easily accessible than before. Forex used to be the private playfield of banks and large institutions. But everyone of us has noticed its evolution in recent years. You`re seeing a growing number on online forex market-makers, forex portals, forex information providers, forex managed account providers, forex trading signals services, etc. every single day.
But again, like all other stuffs on the Internet, we`re experiencing the transition from lacking information to information overflow. That`s the reason the forex portal - ActionForex.com was set up.
ActionForex.com is set up with the aim to empower individual forex traders, providing insightful contents to individual forex traders.
Here are the highlights of the ActionForex.com Website:
Action Insight - Technical analysis reports on EUR/USD, USD/JPY, GBP/USD and USD/CHF produced by our in-house analysts together with comments on latest fundamentals of the market, news digests and global economic data update. Published twice a day during European session and US session.
Action Bias - Action Bias is derived from our proprietary algorithms based on technical studies of prices of currency pairs. Intraday bias is based on studies on hourly chart while short term bias is based on studies on 8 hours chart. It could be one of the best tools for a trader to reference to before deciding on your trades. Updated 24 hours a day.
Pivot Points - Pivot Points is a very useful techniques that uses previous bar`s high, low, close to project the support and resistance for the current bar. Daily, 4 hours and hourly pivots are provided 24 hours a day together with snap short charts illustrating where the market is standing among the levels of support and resistance.
Economic Calendar - Summary of economic indicators to be released. Data are usually updated LIVE between 0800GMT and 1600GMT.
Technical Analysis Reports - Selected technical analysis reports from external contributor.
Fundamental Analysis Reports - Selected fundamental analysis reports from external contributors.