The experience of professional traders proves – to achieve success, you should work with advanced software. Such trading services and tools may include technical charts and tables, real-time news feeds, market scanning tools, and other analytics.
The choice of the appropriate trading and investing analytic resources depends on your financial goal.
DotBig exchange offers advanced online terminals, the latest Forex algorithms and bright resources for fundamental analysis. Each tool has unique advantages, functions, and price points.
Why Trading Analytics Matters?
Trading is one of the most competitive industries in the world, and beginners need to use all possible advantages to make a profit in this business. Novice traders can significantly increase their chances of success by using the right combination of trading and analysis tools.
The most important success factor for a trader, especially one who trades frequently, is the ability to identify patterns in the market data space. Technical analysis methods allow you to eliminate emotions when making trading decisions. Exchange analytics systems generate indicators for buying and selling and help to find new trading opportunities.
Due to the rapid development of software and the emergence of reliable brokers such as DotBig broker, fundamental analysis tools have become available to traders of any level over the past 15 years.
Fundamental Analysis: Features and Functions
Fundamental analysis in Forex trading is a research method based on an in-depth study of the economic condition of a country, its development prospects and exchange rates. This type of analysis helps traders identify the main factors that can affect the quotes of currency pairs and exchange rates.
The main aspects of fundamental analysis are as follows:
- Assessment of the economic and financial condition of the country;
- Cash flow and profitability analysis;
- A study of the currency’s competitiveness in the global market;
- Consideration of the impact of economic policy and causal factors.
Fundamental analysis stages
So, the fundamental analysis is characterized by the following stages:
- Financial performance analysis: estimates of GDP, inflation, interest rates, and other economic indicators.
- Determining the value of a currency using enterprise valuation methods (Enterprise Value (EV).
- Estimating the current value of a currency and long-term benefits.
It is important to consider that fundamental analysis in Forex trading does not provide guaranteed success. It should be applied together with other analysis methods, for example, with technical analysis, as well as taking into account current economic trends and the geopolitical case.
For novice traders it may become challenging to study and use fundamental analysis, as it is a rather complex process that requires high knowledge in economics, finance, and Forex trading. However, with its help, traders can gain valuable insights and data that allow them to make informed and strategically thought-out decisions when trading Forex. Fortunately, DotBig trading site offers its clients the resources to conduct effective market analysis, including fundamental analysis tools.
Fundamental Analysis Resources by DotBig
The DotBig investments website provides tools for fundamental analysis. Users can receive current news, economic calendars, and international companies reports that help assess the impact of macroeconomic factors on the market. This allows clients of DotBig to take a comprehensive approach to analysis and consider all aspects that affect price changings.
There is a lot of economic data that needs to be taken into account when trading. It is better to use additional tools for this. And, the daily Forex calendar by DotBig is a perfect tool. With it, you will get access to all the necessary economic data. DotBig displays information about global inflation, central bank interest rates, changes in the unemployment rate, and more. Just learn how to use this analysis tool and try to make the most of its capabilities.
DotBig Economic Calendar Specifics and Pros
DotBig economic calendar is just one of the features that will help users to benefit from Forex trading. Here are the reasons why you should try this fundamental analytic resource:
- Profitability. One can benefit from trading only if analyzing the market effectively. The broker offers investors and traders to analyze the latest and most relevant weekly news and events so that they can choose the most promising financial products for further investments and speculation. Assess the risks of new trades by tracking important events in the Forex news calendar. The rates of successful currency pairs are displayed on online charts.
- Competence. DotBig Forex is a reliable team of specialists with many years of investment experience. If you are a beginner, you can count on professional help and free training from its experts. They are ready to solve your problems and make you more educated in the field of trading!
- Speed. According to DotBig reviews, the trading platform is highly efficient. You can instantly open and close trades online as soon as you see important changes in your Forex news calendar. Fast execution of operations is also an important function for depositing and withdrawing your income.
Economic Calendar User Guide
The economic calendar available on the website will help you perform detailed market analysis and plan trading to increase profitability. It is a fairly simple tool, so even newbies can try this out. It provides many benefits and helps users succeed in trading.
One can apply this calendar for different purposes to analyze economic and financial events worldwide. For example, there is an economic calendar of the stock market, which focuses on events related to the dynamics of international stocks.
To use the DotBig economic calendar, you should sign up to the platform. Here’s how to quickly manage this:
- Enter the official website of the broker and fill out the sign up form. Enter the required information and create a password that will be the key to your personal profile.
- Verify your profile. As a DotBig client, you must comply with the rules of current KYC policy. Thus, provide the platform with your passport details for confirmation.
- Fund your account. View valid tariff options, choose the one you like, and deposit.
- Start trading and using the Forex online calendar.
Despite the simplicity of the tool, it can be difficult to figure out if you don’t know what to look for. Here are some crucial tips for DotBig newcomers:
- Narrow down the list of countries you are interested in using a filter in your economic calendar.
- Filter events and news by their importance.
- Pay special attention to events and cases with high international significance.
If you have extra questions about how to use the DotBig economic calendar, do not hesitate to contact the personal manager.
Conclusion
DotBig broker is an international company that provides investors with online access to trading and investing. The platform offers clients a convenient toolkit for trading with valuable assets, including fundamental analytic tools. The platform is user-friendly, has extensive functionality, and the level of customer service is high, so it deserves your attention.