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DailyFX Relaunch – a good broker’s site

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By Published: Last Modified: Basics & Industry, Forex Software

DailyFX.com, the forex portal from FXCM, has launched  a new version of its site, and it looks quite good. Despite being a non-independent forex portal, it’s quite rich with good features. Here’s a review.
DailyFX

The first impression of DailyFX, from the front page headlines is good. It’s easy to switch between the headlines without scrolling. Looking down, the technical and fundamental approaches are placed side by side, and this is quite convenient. Also the live quotes on the right are well placed.

The economic calendar isn’t in the limelight, but I must say it’s quite good. It shows the related currency, impact, previous release, forecast, actual result and an option to filter the events by currency and impact. The time zone can also be adjusted.

Apart from the colors, the features and the feel of the calendar look very very similar to Forex Factory’s calendar.

Forex Calendar

The content in DailyFX contains forecasts for different currencies, and outlooks by trading sessions: Europe, US and Asia. The graphs that accompany the outlooks are comfortable. The Top Movers section is useful for seeing the strongest moves in the market in various time frames.

Technical analysis is presented according to currencies, with nice arrows to point the bias. Inner sections contains candlesticks analysis, analysis through the Elliot wave technique and more.

The site is rich with written content: technical analysis articles, top analysts picks, video articles and an education section are part of the content. There is a nice visualization of the analysts’ sentiment. You can see where the wind is blowing:

Analysts Sentiment

It’s a pity that commenting isn’t possible on all this content. In some cases, a “Discuss this” button appears, and leads you to the DailyFX’s forums. The strict separation between the official content and the traders’ remarks is not to my liking.

The last section of the site is a premium section, intended for FXCM account holders. They offer forex signals, similar to other signal providers. In addition to the premium section, there are advertisements for FXCM throughout the site. They aren’t too intrusive.

All in all, DailyFX is rich with content, well designed and very useful. There are many more features to explore. There are small things that bother me there. You can see their overview in this video:

Further reading:

  • A review of FXTimes, another new forex portal by a broker – by CMS Forex.
  • Forex Factory Market – Aggregated quotes for the leading independent forex portal.
  • A review of Currensee – a site that brings transparency into forex trading.
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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.