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Best Forex Brokers with Free Market Analysis

Did you know that many forex brokers offer free market analysis? This is so that they can help their traders stay on top of short-term price changes and long-term market trends. By choosing a forex broker with free market analysis, you can save yourself time on market research. You can also improve your chances of making profitable trades.

What Is Market Analysis?

Market analysis enables traders to find the best trading opportunities and to determine the best time to trade. Most forex traders approach the market analysis in one of two ways. The first is by looking at the political, social, and economic forces that impact the financial markets, this is known as fundamental analysis. The other is by looking at charting tools and historical price data, this is known as technical analysis.

What Is Fundamental Analysis?

Fundamental analysis involves studying the economic data and news coming out of a country, and using it to better understand the country’s economic health. The main advantage of fundamental analysis is that it helps traders understand when economic data is going to be released and how likely it is to impact market prices. As such, traders can plan accordingly.

What Is Technical Analysis?

Technical analysis involves looking at past data with the hope of finding actionable trends. To do this, traders analyse data on charts, usually using a selection of chart tools designed specifically for identifying market trends. Many traders believe that chart patterns reoccur, as such the main advantage of technical analysis for them is that they can learn to spot patterns and predict when a price might change.

How To Choose The Best Forex Broker

  • Regulation – Good forex brokers are licensed by a reputable regulatory body. Look for forex brokers that also offer negative balance protection, client fund safety measures, and strict client data protection measures. 
  • Trading Conditions – Good forex brokers will offer you a wide range of trading instruments. Look for brokers that also offer you the opportunity to trade with high leverage, low commissions, tight spreads.
  • Minimum Deposits – Good forex brokers will offer at least one low-cost account type. Look for brokers with an affordable minimum deposit and with a wide selection of payment methods. 
  • Market Analysis – Good forex brokers will usually post weekly market updates to help you keep on top of the news. Look for a broker that also provides daily technical analysis as well as daily trading signals. 
  • Trading Tools – Good brokers will usually offer a small selection of free trading tools such as economic calendars and pip calculators. Look for a broker that also offers access to more advanced tools such as EAs and chart indicators.. 
  • Forex Education – Good forex brokers will make sure you have the educational resources you need to become a better online trader. Look for a broker that offers free access to trading courses, educational videos, and free guides.

Best Forex Brokers With Free Market Analysis

Here are the top brokers for traders who want help with their market analysis.

Broker

Features

Broker Reviews

Visit

* 1:1000 leverage

* 210+ instruments

* $15 min. deposit

* Free education

* 1:1000 leverage

* 1200+ instruments

* $50 min. deposit

* Tight spreads

* 1:500 leverage

* 100+ instruments

* Free education

* 1:1000 leverage

* 950+ instruments

* Copy trading

* Low deposit
* 1:500 leverage
* Great bonuses

* Crypto trading
* 1:500 leverage

* $100 min. deposit
* Welcomes EA & HFT

* 1:1000 leverage
* 1000+ instruments
* $10 min. deposit

FP Markets

* 1:500 leverage

* 10,000+ instruments * $200 min. deposit

* Ultra low latency

* 1:500 leverage

* 800+ instruments

* $10 min. deposit

* African Broker

*1:500 leverage
 *Low spreads
* Fast withdrawals

* 1:400 leverage
* 200+ instruments
* $5 min. deposit

* 1:500 leverage

* 1000+ instruments

* $200 min. deposit


* Crypto CFD trading

* 1:500 leverage

* 300+ instruments

* $50 min. deposit

* Great trading tools

* 1:500 leverage

* 80+ instruments

* $200 min. deposit

* Excellent support