DailyFX Reviews - Forex News - Forex Tools

Average Customer Rating: (based on 14 reviews)

(3.9 stars vs. 3.9 category average)

(5)

(4)

(1)

(0)

Specul8tr

Expert Trader

A Very Useful Source Of Information

5/29/2010

0 of 0 customers found this helpful (0%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: DailyFX provide a useful range of services, from economic news, to trading suggestions and opinions, including some live seminars. Whilst I wouldn't reccomend anybody to follow the advice of others, in the main the DailyFX team are correct in their interpretation of the markets, and can provide some useful ideas for trading.

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CandleFree

Casual Trader

5 stars for the news

9/28/2009

0 of 0 customers found this helpful (0%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: Iâ€™ll give 5 stars for the news and commentaries section, and 3 stars for their calendar. They have been a bit lazy these past few months. New releases are late and sometimes the website takes forever to load. For the commentaries, yes I still believe they are the best source of forex analysis. They have complete analyses for every happening around the financial market.

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Pippy

Expert Trader

Intelligent, clear and timely

9/8/2009

4 of 4 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: I think folks hate on DailyFX because it's owned by FXCM. However, their DailyFX site is very good (but not FXCM as a broker, no way!). DailyFX lost a ton of followers when "Boris and Kathy" left, lol... Personally, I think the sites analysis and commentary improved a bit. Most don't know this (I have a friend that works @ FXCM), but the analysis and commentary is largely provided by grad students via internships. They provide solid "unbias" analysis. That's why I like the site...

A lot of other sites have "personalities" that are too worried about their image. Their analysis and commentary tend to be "I like this pair long, unless it goes short" or "if things stay this way, go short, but it they change go long", lol... (i.e. no opinion, just chatter)

Botton Line: just ignore the FXCM ads and enjoy the site

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lingsbord

Expert Trader

Daily FX review

8/24/2009

1 of 1 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: First things first. For those of you who haven't yet worked it out, Daily FX is operated by FXCM and is essentially an ad for their services. However, looking past the clever marketing there is a good deal of useful stuff on there.

I like the countdown to news and a live guy talking about the numbers and their effect on the market, and in general this is quite a solid resource. Where it differs from the likes of fxstreet for example is fxstreet has excellent content swamped by so much advertising you can't see it.

Allthingsforex seems to strike a good balance and is certainly worth a look too as a one-stop fundamental info resource.

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Marielle

Casual Trader

Late Updates

8/24/2009

1 of 1 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: No, I would not recommend this to a friend
Quote:: I like DailyFX but when it comes to their Economic Calendar, I feel that FX360 beats them. I basically look at these two sites since I know both update their data on time but I've seen how DailyFX lags a couple minutes to a couple of hours. Not good for them.

If you want updated Economic Events Data, switch to FX360.com.

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little_bo_pip

Casual Trader

Information overload!

7/30/2009

1 of 1 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: What I like about this website is that it provides a bird's eye view of event risks for the week ahead. Economic releases and commentaries are updated regularly. The site is also updated with technical analysis, which is helpful in drafting trade ideas. My only beef with this site is its cluttered layout. Its homepage is text-heavy, making it discouraging to read.

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monstapips

Casual Trader

Good site to visit daily

7/29/2009

1 of 1 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: I use the site to help give me an idea what's coming up soon for both fundamental and technical analysis. The site updates daily on economic reports that could have an impact on the market. It also provides some charts that with accompanying technical analysis to help give readers an idea of what price areas to look at. One thing I dont like so much about it however is the layout. It isnt that visually appealing but the site does have good information and is useful. In the end, that's what's important.

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wmreid

Intermediate Trader

Easy site to use but terrible forecasts. Reporters seem to lack perspective and broad knowledge of markets resulting in strategic flaws. Contrarian indicator.

7/25/2009

1 of 1 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: The site is a good first stop for a beginner by introducing you to the basic charting techniques and indicators, along with trading styles. It does seem to be a platform to advertise FXCM although it is free. Narrow focus on currencies does sometimes ignore known macro trends that result in poor advice, so not a place to trust blindly. Tries to turn trading into gambling a bit with silly countdowns 'sexing up' short term events.
I still read it weekly despite this, however, as some crosses reviewed nicely and regularly updated forecasts for use as above.
Good introduction for new traders.

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Pip_Devil

Casual Trader

DailyFX is Packed with Quality Content!

7/23/2009

1 of 1 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: I use the website to satisfy my daily appetite for fundamental news. What I like most about the website is that the information it contains is very comprehensive. It tackles the most relevant issues that affects the foreign exchange market. Sadly, because of the amount of information found int he site, it is a bit hard to navigate. You really don't know where to begin.

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scottie_pippen

Casual Trader

has a calendar worth checking

7/20/2009

1 of 1 customers found this helpful (100%)

Pros:: None
Cons:: None
Bottom Line:: Yes, I would recommend this to a friend
Quote:: Dailyfx.com provides some of the most comprehensive global economic calendar out there. What are so nice about their site are their commentaries on the upcoming economic events which of course come in handy for traders. The only thing that is lacking here is that they do not have any remarks on some economic events. Updates on the economic releases are also timely. Such allows traders and investors to be better informed faster.

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