Effective analytical tools for analyzing the trading market

Analytics is the foundation of successful trading. Analysis helps market participants predict the outcome of a transaction as accurately as possible. Will the price move up or will it fall. Thus, guided by the forecast data, traders can find the optimal entry points to the market, which allows them to regulate the level of risk and increase the efficiency of a currency transaction.

Technical analysis is one of two types of analysis that traders use in Forex trading. However, this is a rather complicated process and not every trader knows where to start and how to read and analyze data correctly. Analytical tools help speed up and simplify the analytical process, as well as improve the quality of analysis.

Analytical tools include signals, indicators, online charts, trends, economic calendar and more. Comprehensive analysis helps the trader make a trade decision and validate their trading strategy.

Consider two applications that provide traders with reliable forex and binary options market analytics:

• vfxAlert - binary options signals for the most popular forex and crypto pairs and additional tools for real-time market analysis

• xSignals - forex and cryptocurrency signals and additional tools for real-time market analysis

vfxAlert - your reliable financial assistant in binary options trading

Binary options online analytics are hard to find, especially when it comes to quality information. There are many free advisors and automated bots on the Internet, which are often associated with scam.

vfxAlert has nothing to do with the above. vfxAlert is an analytical tool created by professional analysts and practicing traders. The vfxAlert signal algorithm is based on popular technical analysis indicators:

• Moving Average (MA)

• Parabolic SAR (P-SAR)

• Commodity channel index (CCI)

• Relative strength index (RSI)

The detailed structure of the signal helps to qualitatively analyze the selected trading asset by such parameters as: price quote, expiration time, signal generation algorithm, time since the signal appeared, forecast-recommendation based on technical analysis data on price movement. In addition, the signal includes important indicators: Power and Heatmaps. These are statistical data of successfully completed signals, by which you can see how the values ​​of the indicators in different trading sessions affect the winning percentage. Power reflects the success rate of a signal under similar market conditions in the past. Heatmaps reflect cross statistics of signal success on different charts (for different timeframes M1, M5, M15, M30, H1, H4)

The advantage of the signal structure is a fully automated method, double success check: Heatmaps + Power, cross statistics for each period of the chart, statistics change with the market, 7 statistical parameters in one signal, 10,000 completed signals are analyzed to build statistical data.

vfxAlert is a complete set of market analysis tools. In addition to direct signals, the application has additional indicators: Pivot points, RSI and CCI oscillators, Trend and Volatility indicators, the Summary panel and the Bulls and Bears indicator, which show the current market sentiment and calculate the balance of forces of buyers and sellers in the foreign exchange market. As well as live charts, economic calendar, trends and signals history.

The vfxAlert app is a convenient and efficient binary options trading tool. Available on various devices and in various variations. You can download the desktop version for any operating system (Windows, MAC OS, Ubuntu) and the mobile version for Android and IOS. Signals are also available in the browser window. For the convenience of users, a Telegram bot and a Google Chrome extension are also available.

The entire set of analytical tools and the broker's trading platform are located in one working window. Thus, you can analyze data and trade without switching between tabs and working windows.

vfxAlert has been on the market for more than 5 years and the software has already earned the trust and demand among users. vfxAlert is suitable for both professional traders and beginners. Convenient and intuitive interface, the ability to add any broker, legality and availability anywhere in the world, the main condition is Internet access, operation technical support, a lot of free training materials - all this is created for the convenience of users.

xSignals - two signals in one application

Binary options trading as well as Forex trading allows the trader to earn money, but forex trading is much more difficult. Here you need to understand orders, manage the trading terminal, each point costs money and the trader can lose the entire deposit, and not a fixed amount of the bet per transaction, as in binary options. Forex signals help decided one of the most difficult tasks for any trader - to identify the right trading opportunities at the right time.

xSignals is more than 10 analytical tools for trading on Forex and Crypto Exchanges. Forex and Crypto signals, a set of additional indicators, online charts - all this in one application with a trading platform.

You can create a strategy with signals or use signals to validate your own trading strategy.

Signals are generated automatically based on technical analysis using three main algorithms: CCI, RSI and Support & Resistance. The signal contains information such as the estimated price direction based on the signal detection algorithm and statistical data calculated on the signal history and quote history.

All signal elements can be divided into three main groups:

1. Signal information panel:

• Trading asset - Analyzed currency pair

• Price - Current price quote

• Orders - Stop Loss and Take Profit

• Time - Time since the signal occurred

• Timeframe - Timeframe of the studied chart

• Algorithm - Signal generation algorithm

• Heatmap - Graphical representation of the profitability of signals based on various filtering indicators

• Signal - BUY or SELL

• Power - Profit factor filtered by the Trend indicator

2. Trading signal panel:

• Quick buttons for placing an automatic order

• Stop order parameters (Take Profit to Stop Loss ratio)

• Profit factor for triggering stop orders, which shows the profitability of the signals

3. Fast Buttons:

• Favorites - places a trading asset in favorites

• Chart - opens an online chart for a trading asset

• Orders - opens the signal trading panel

• Dashboard - opens a dashboard panel for a trading asset

• Magic button - add an asset to favorites, open an online chart and a signal trading panel

Right in the application, a trader can set up integration with a broker and place automatic orders with recommended parameters.

The signals work with any trading platform, you can choose a broker from the list of recommended ones (PrimeXBT, Simple FX, Binance, IQ Option) or add your broker to the application.

In addition to signals, a trader has the opportunity to spend a complex analysis of the current market situation on their own using live charts and a panel of additional indicators. To instantly switch to instruments, you can use the fast buttons in the signal structure, or you can set the necessary filters in the application settings and analyze several different assets.

Dashboards reflect in a convenient graphical form the data of the most popular indicators of technical analysis:

• Pivot Points - show possible Support/Resistance levels

• Summary panel - shows the current market sentiment in the form of a color scale

• Bulls&Bears indicator - shows the ratio of the forces of sellers and buyers in the market at the current time

• RSI - helps to enter the market as accurately as possible, identifying overbought and oversold zones

• CCI - measures the strength of a price movement

• Trends - designed to measure the strength and direction of the trend

• Volatility - shows the current market activity.

The application can be downloaded to a computer (available for installation on various operating systems) or the signals can be opened in a browser window. Signals are provided around the clock, regardless of the time zone or the opening of international markets. The absence of GEO restrictions allows traders to receive signals anywhere in the world.

Signals should be viewed as a notification to the trader that some significant event has taken place in the market. For example, the RSI indicator gives a signal that the price is overbought or oversold, although the signal also contains a reversal direction - this does not mean that the price will definitely reverse. The trader must use additional knowledge about the market in order to open a position on a signal.

Using analytical tools to analyze the market, the main thing to remember is that the success of a trader is the responsibility of the trader himself and you should not rely on signals and wait for the completion of a transaction with a 100% probability of success. Signals serve to confirm a trader's trading strategy. Before you start trading, choose a trusted and reliable broker and learn how to trade on a demo account.