Whether you’re hedging a currency risk or trying to get the right spread, FXBrokerFeed can help you to compare forex brokers by distilling information from a wide variety of sources. They offer tools to compare forex traders, so you don’t have to waste days on fruitless research. FXBrokerFeed is able to pull in research from sources most managers don’t have time to find on their own.
One of the difficulties in modern foreign currency exchange is the sheer number of software trading systems, brokerages, and traders, and knowing what is right for your needs could make a a significant difference. Some are better with being able to find arbitrage between a triangle of currencies, some might help with currency forwards, and some might offer a lower fee but different spreads. Being able to compare trading brokers on FXBrokerFeed.com allows insights into these kinds of issues, as well as their reputations and a broader context for discussing their insights.
Forex trading is highly competitive and involves a unique set of risks, and a forex broker comparison on the FXBrokerfeed can reveal opportunities before most of the market becomes aware of a change in pricing. With the sharp moves in the euro, you can’t afford to ignore currency risks in the modern global economy. For managers of the larger portfolios of HNWI or UHNWI’s, turning this currency risk to your advantage can be worth an entire full time staff position, simply to correctly for managing currency forwards.
As new technology is finding it’s niche in finance, data analysis tools and sentiment analysis are proving a powerful combination, and nowhere is this more important that finding the right forex brokers and comparing the right kind of trading professionals. No other financial market trades with the same volume and liquidity, and there are markets open 24 hours a day, 5 days a week. Does your broker trade on the Sydney marketplace? Do they give you the kind of spread and fees you’re looking for there? When brexit comes along, are you hedged against your positions in the British pound? Most importantly, FXBrokerFeed.com is a place that ties together the ability to find this information in one place.
Not all traders work directly with all currency pairs, some of them simply use the dollar as a pass through, creating or exploiting arbitrage, especially among the lesser traded pairs, such as ISK or INR. This makes for a fast paced market where it isn’t just about technical analysis, it’s also about knowing where to find the right kind of broker, and be able to compare forex traders. Get it right, and you might consistently yield positive basis points, but get it wrong, and you could see a broad based decline in a client portfolio simply because they’re valued in CHF.
Your custody bank doesn’t want to give you the best deal, and depending on the bank they’ll either take too much in fees, or they won’t give you a favorable spread; they’re well aware that most portfolio managers aren’t going to shop around and do the legwork for this kind of comparison, and there’s a good reason, it wasn’t possible until now. Going through another party could be worth it in the same way as researching a unique fund or fund of funds. Don’t forget that forex markets have a variety of uses in a well managed portfolio.