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'''DailyFX''' is an online brand of [[FXCM]], a financial services [[public company]] founded in 1999 to provide currency trading news and analysis.<ref>{{cite news|last1=Vannucci|first1=Cecile|last2=Spears|first2=Lee|title=FXCM’s IPO Raises $211 Million at Midpoint of Range|url=http://www.bloomberg.com/news/2010-12-01/fxcm-seeks-226-million-in-first-online-trading-ipo-since-2007.html|accessdate=2 June 2014|publisher=Bloomberg|date=Dec 2, 2010}}</ref><ref name="fxstreet">{{cite news|title=DailyFX|url=http://www.fxstreet.com/search/contributors/contributor.aspx?id=0ccf0b44-2296-4d2c-a7b7-dcc7b912c0e2|accessdate=2 June 2014|publisher=FXSTREET}}</ref> The portal focuses specifically on the [[Foreign Exchange]], and provides tools and various types of information related to global financial markets within the ongoing [[Forex trading]] session.<ref>{{cite news|last1=KARMIN|first1=CRAIG|last2=R. SESIT|first2=MICHAEL|title=Currency Markets Draw Speculation, Fraud|url=http://online.wsj.com/news/articles/SB112233048975295402|accessdate=2 June 2014|date=July 26, 2005}}</ref>
'''DailyFX''' is an online brand of [[FXCM]], a financial services [[public company]] founded in 1999 to provide currency trading news and analysis.<ref>{{cite news|last1=Vannucci|first1=Cecile|last2=Spears|first2=Lee|title=FXCM’s IPO Raises $211 Million at Midpoint of Range|url=http://www.bloomberg.com/news/2010-12-01/fxcm-seeks-226-million-in-first-online-trading-ipo-since-2007.html|accessdate=2 June 2014|publisher=Bloomberg|date=Dec 2, 2010}}</ref><ref name="fxstreet">{{cite news|title=DailyFX|url=http://www.fxstreet.com/search/contributors/contributor.aspx?id=0ccf0b44-2296-4d2c-a7b7-dcc7b912c0e2|accessdate=2 June 2014|publisher=FXSTREET}}</ref> The portal focuses specifically on the [[Foreign Exchange]], and provides tools and various types of information related to global financial markets within the ongoing [[Forex trading]] session.<ref>{{cite news|last1=KARMIN|first1=CRAIG|last2=R. SESIT|first2=MICHAEL|title=Currency Markets Draw Speculation, Fraud|url=http://online.wsj.com/news/articles/SB112233048975295402|accessdate=2 June 2014|date=July 26, 2005}}</ref> DailyFX offers exchange rate information, and other currency-related services. As of early 2013, independent ranking site Alexa ranks XE in the top 3,300 of all sites worldwide by traffic, and a top 4000 traffic site in Canada, France, and [[Spain]].<ref>{{cite web | url=http://www.alexa.com/siteinfo/dailyfx.com | title=dailyfx.com - Traffic Details from Alexa | accessdate=2 June 2014}}</ref>


==History and Operations==
==History and Operations==

Revision as of 11:57, 2 June 2014

DailyFX
Company typePublic Company
NYSE: FXCM
IndustryFinancial Services
Founded1999 (1999)
Headquarters
New York
,
United States
Key people
Drew Niv, CEO Co-founder
Servicesforeign exchange, Currency trading news
Number of employees
844[1]
WebsiteDailyFX

DailyFX is an online brand of FXCM, a financial services public company founded in 1999 to provide currency trading news and analysis.[2][3] The portal focuses specifically on the Foreign Exchange, and provides tools and various types of information related to global financial markets within the ongoing Forex trading session.[4] DailyFX offers exchange rate information, and other currency-related services. As of early 2013, independent ranking site Alexa ranks XE in the top 3,300 of all sites worldwide by traffic, and a top 4000 traffic site in Canada, France, and Spain.[5]

History and Operations

DailyFX was founded in 1999 in New York as a brand of FXCM to provide Forex trading news and analysis by Drew Niv. The portal served forex trading community to offer free currency conversion tools, tables of historical data, news, and market analysis. The company offers its services to traders in most countries around the world and expanded its operations with offices in Dallas, San Francisco, Hong Kong, London, Tokyo, Paris, Berlin, Sydney, Dubai, Beirut, Milan, Santiago de Chile, Athens, Jerusalem and Tel Aviv. DailyFX is not directly regulated by any agency however it is covered under its parent company, FXCM for FCM, RFED, CFTC and NFA regulatory bodies. The company's analyst reports recent changes in the forex market to provide analysis of market moves, live currency quotes and other related news.[6]

Features

Market Review

The market review consists of detailed account for previous and daily changes in the currency markets providing insight on the price dynamics of major currencies.[3] It provides analysis of forces including political, economic, and technical factors that affects financial markets.[7] It has an Economic Calendar section that provides information about G-10 countries events such as global economic data releases or central banking activity.

Technical Analysis

The portal provides intraday technical analysis on particular currency pairs on the latest changes in the currency market.[8] It reports real time close examination of chart formations to offer current price dynamics and trading recommendations.[9]

Educational resources

The portal provides its readers with forum, articles and blogs on the Forex market.[10] The section help traders to understand with commonly used forex terms, techniques and concepts used in the forex market.

Business Model

The DailyFX business model is based on premium service DailyFX Plus, where it offers premium service for personalized trading education and tools to traders given by its analysts and instructors.[11] It also offers a paid subscription service DailyFX on Demand where it provides feedback on client's by their analysts.

References

  1. ^ "FXCM Inc. Prospectus". FXCM. Retrieved December 11, 2011. (2011)
  2. ^ Vannucci, Cecile; Spears, Lee (Dec 2, 2010). "FXCM's IPO Raises $211 Million at Midpoint of Range". Bloomberg. Retrieved 2 June 2014.
  3. ^ a b "DailyFX". FXSTREET. Retrieved 2 June 2014.
  4. ^ KARMIN, CRAIG; R. SESIT, MICHAEL (July 26, 2005). "Currency Markets Draw Speculation, Fraud". Retrieved 2 June 2014.
  5. ^ "dailyfx.com - Traffic Details from Alexa". Retrieved 2 June 2014.
  6. ^ "The company's analyst reports recent changes in the forex market to provide analysis of market moves, live currency quotes and other related news". Handelsblatt. Retrieved 2 June 2014.
  7. ^ "EURUSD : L'euro tient son support critique à 1,3640/70$, nouveau rebond prévu". Retrieved 2 June 2014.
  8. ^ "Marchés financiers : nous anticipons une phase d'aversion au risque cet été". Lesechos.fr. Retrieved 2 June 2014.
  9. ^ "USDJPY Failed Breakdown; 101.35 and 103.25 are Range Trading Levels". Yahoo Finance. 23 May, 2014. Retrieved 2 June 2014. {{cite news}}: Check date values in: |date= (help)
  10. ^ "TRAITS OF SUCCESSFUL TRADERS:" (PDF).
  11. ^ "Powerful Trading Education & Tools". Retrieved 2 June 2014.

Official website

Retrieved from "https://en.wikipedia.org/w/index.php?title=DailyFX&oldid=611220697"