To make money in the foreign exchange market, you need a lot of experience. For those who do not yet have it, analytical forecasts can be of great help. The network has a fairly large number of sites where you can find forecasts of the movement of major currency pairs.
All existing forecasts can be divided into paid and free ones. The former, as a rule, belong to well-known foreign analytical companies; monthly access to them can cost from several tens to several thousand dollars. Therefore, most traders prefer to take into account in their work free forecasts published on a wide variety of resources.
Freshforex
One of the good options are technical and fundamental forecasts published on the Freshforex website. Several specialists from this well-known brokerage company give their forecasts for the major currency pairs. The comments are quite detailed, in many cases with exact levels of market entry and exit.
A useful point is that the site shows the ratio of experts' votes to determine the direction of movement of the main currency pairs - whether they will rise or fall. This allows you to determine the option to which most experts are inclined. In many cases, the forecasts are quite accurate. A useful addition is the calendar of important economic news releases.
TeleTrade
Another good analytical platform is the TeleTrade portal. There are fairly accurate forecasts for both days of the week and weeks. The opinions of experts on technical and fundamental analysis are available. There is an economic calendar, and there are many other analytical materials that make it possible to more accurately assess the situation in the Forex market.
Admiral Markets
Analytics from the well-known Russian company Admiral Markets are also very useful. You can see the fundamental and technical forecast for different currency pairs. The resource will be especially interesting for fans of wave analysis, as it publishes the corresponding forecasts for every day.
Alpari
Someone will also like the analytics from one of the leading Russian brokers - the Alpari company. On the company's website you can find good expert assessments, you can see forecasts from the reputable company Trading Central. A calendar of events from FXStreet and news from the Dow Jones are also available. To use analytics, authorization on the site is required.
Remember that analysts' forecasts should only be used as additional information. Trading exclusively according to forecasts is a sure way to lose money.
Can you trust forex forecasts?
Any forecasts have a statistical probability, so it should be understood that no company can be guaranteed to give an absolutely accurate forecast. Moreover, in many cases it can be said that forecasts very often do not come true. If experts, for example, unanimously say that a powerful movement up or down is expected for such and such a pair, then in practice, with a very high probability, everything will be the other way around.
When trading Forex, learn to rely only on yourself. Identify support and resistance levels in advance, learn Price Action methods - this will help you accurately enter the market.
Why is this happening? Because the movement of the exchange rate in Forex is largely speculative. Major market makers are playing against the expectations of the market crowd. Perhaps the course will go in the direction predicted by experts - but only after a short powerful jerk in the opposite direction, knocking down the "stops" of traders.
