11.11.2024

How to Trade Like a Pro Simply Using Forex Data Feed

Probably every trader wonder:

How to make the most precise Forex predictions? Unless you can grow the superpower to foresee the future, then probably the right answer is – deep analysis and constant learning.

Sounds a bit complicated? Well, good things never come easy.

However, we know the way to crash the market simply with the help of Forex data feed.

Keep reading and learn how.

Increase your chances to find Forex data feed of the good quality

Here’s the brutal truth:

It is hard to find relevant Forex data feed on Internet. You can spend days browsing, but still you do not get any guarantees you receive anything of the decent quality.

Good news! We have done the entire dirty job for you: collected all the data, checked the quality and prepared everything neatly. You just need to choose between the type of subscription and everything is settled.

Learn the options of the Free and Paid Forex Data

Here’s the deal:

You can always start with the free data feed – it does not require any registration and it charges you nothing. It is an easy way to begin your acquaintance with the Forex trading in general, gain some confidence in your trading style and improve your skills.

Practice on:

18 pairs of the major symbols
Try your strategies within D1and W1 time frames
Update your data once a month
Use only 1-minute data and 4-digits data.

On the other hand:

This amount of information looks enough to work with for the beginner traders, for professionals and advanced ones it will seem like a very limited extent.

That is why it is better to have options to choose from.

Learn the 5 reasons to switch to paid Forex data feed

Think about this:

Even if you are satisfied with the amount of data feed received for free, sooner or later the moment comes when every trader grows into a professional and search for more information to use for his market researches.

Once trading turns into the full-time job from an amateur hobby, trader begin to seek for high-quality historical data for further improvement of the trading results.

For this reason:

Let us examine one by one the main characteristics of the paid subscription to reveal the differences in between two types of the Forex data feed.

Forex historical data subscription types

	Basic (Forexite free data)	Super (minute and tick data)
Number of symbols	18	860
Historical News	USD news only	For 9 main currencies
Types of news	Important news only	News of low, medium and high importance
AI-based Strategy Optimizer (algorithms available)	Full grid algorithm at Forexite data	Full grid algorithm + all AI-based algorithms + all the data and symbols available
Precise results on timeframes:	D1-W1	M1-W1
Update frequency	monthly	daily
1-minute data	✅	✅
4-digits data	✅	✅
5-digits data	❌	✅
Tick data	❌	✅
Floating spread	❌	✅
Price	❌	✅

Broader range of the symbols

It is always a good thing to get a wider variety of choices, right? Either in everyday life or at the Forex market. Getting historical information about 860 symbols in the paid historical data subscription makes a huge difference compared to 18 symbols in the free one.

You are able to test your skills at either exotic currency pairs or metals, indexes or stock and many others. Do not limit yourself!

Get your data tick-by-tick

If have noticed the free data service provides only 10minute and 4-digits data while with the Super Forex data feed subscription you can get the tick-by-tick data.

What difference does it make?

1-minute data will show only four characteristics of the price changes – high and low, open and close. For long-term strategies, this alternative is adequate, but it won’t be accurate for the traders who prefer the scalping strategies: as their traders can last for several seconds, every tick counts for them.

The ability to show all the changes of the price makes the tick-by-tick data the most exact type of data and for this reason is preferred by professional traders.

Floating spread

Even if you foresaw all the key moments on the way to establishing your own brilliant Forex market strategies, do not forget to mention the floating spread. The value of the spread can differ significantly and depends on the various factors.

Once you forgot to consider the floating spread, you cannot expect predictable results at live trading on Forex market.

Fresh updates

What a remarkable feeling to be in the thick of the things, isn’t it?

To stay in touch with the latest news you have a great opportunity to download today’s market feed the next day. Certainly, you are free to test your strategies through all the years of the historical data, but a remarkable number of traders tend to follow recent trends.

What is the bottom line?

Thus listed above features make a paid Forex data feed a high-quality data service meeting the needs of the choosiest trader.

Are you still looking for the backtesting software to try your trading strategies? Learn the benefits of the Forex Tester software and check how to master Forex trader faster!

Make Your Choice between Different Subscriptions

As it turns out:

We made the fees of the historical data services affordable for everyone. Besides, you could notice that annual subscription turns out to be cheaper that a monthly one. Like many other products at the market, the wholesale purchase of the Forex data is a better deal.

Moreover, the wholesale purchase of the Forex data feed and the Forex Tester software is even a better deal. Check out how to save money on getting the best trading simulator and the high-quality data subscription.