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Dynamic Data

Dynamic Data

Do you suffer from information overload? Dynamic Data is designed to remedy that by providing you with only the most essential data for your trading. Select your favourite trading instruments and let Dynamic Data do the rest in one easy email.

Dynamic Data is powered by premium trading educator, LearnFX.

To access Dynamic Data, all you need to do is create an FXChoice profile and contact your personal account manager. We’ll do the rest.

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Understand volatility

Dynamic Data is your barometer to test for market volatility on a particular instrument, providing current prices and price ranges to help contextualise market movements.

Get a feel for trends

Trends are best spotted early, and there is no better way to do that than with Dynamic Data. Use it to see how an asset’s news sentiment changes over time, and to identify patterns emerging in the market.

Expert Trading Signals

Dynamic Data packages expert Trading Signals and delivers them to your inbox when you need them. These Trading Signals are provided by the FCA-Regulated Signal Centre.

Keep an eye on Impactful Events

Dynamic Data ensures you’re never caught off guard by a market-moving event. If an event is approaching that will have a significant impact on your chosen instrument, you will be notified via the Dynamic Data tool.

Frequently Asked Questions on dynamic data

Traders mix different strategies and indicators to maximize their win rates, however, this often leads to a well-known phenomenon called analysis paralysis. Analysis paralysis in trading refers to a situation where traders become so overwhelmed with the amount of available information that they cannot make a decision. This can be caused by various factors, including fear of making a wrong decision, lack of confidence in one’s ability to interpret the information, and an obsession with finding the perfect trade.

The main problem with analysis paralysis is that it can lead to missed opportunities and lost profits. To avoid analysis paralysis, traders need to develop a clear and concise trading plan that outlines their strategies, risk tolerance, and goals. It’s important for traders to filter the information effectively to avoid information overload. This is where our dynamic data can help traders to focus on aspects of financial markets that truly matter for their strategy.

Why does dynamic data offer information about volatility?

Dynamic data helps traders view current price ranges on a particular trading instrument that helps traders anticipate market moves and place reasonable stop-loss and take-profit targets. In addition, understanding volatility helps traders better select trade sizes.

Volatility is an important part of market analysis and refers to the degree of price fluctuations or changes that occur in a financial instrument, such as a stock, currency, or commodity, over a given period of time. Volatility plays a crucial role in risk management as higher levels of volatility can offer traders higher profit opportunities. While, on the other hand, this can also increase the risk of losses if the market moves against them.

Overall, understanding and managing volatility in trading is a critical component of successful trading, as it can greatly impact the outcomes of trading decisions.

How can I use dynamic data to trade trends?

Trend trading is very popular among both novice and seasoned traders. It involves identifying and following the direction of a particular trend in the financial market, with the aim of profiting from the trend’s continued momentum.

Our dynamic data helps traders to spot trends early, such as by using news sentiment analysis. News sentiment refers to the overall tone or attitude of news articles or reports towards a particular trading instrument. The sentiment can be positive or negative. Our dynamic data groups and displays news sentiment in different colors for different categories. For instance, sentiment is categorized into the following groups:

Very Bearish
Bearish
Neutral
Bullish
Very Bullish

By monitoring news sentiment, traders can gain valuable insights into the market and make informed decisions right at the beginning of new trends. However, it should be noted that news sentiment analysis is only one part of market analysis and traders can use news sentiment analysis in conjunction with other forms of analysis, such as technical and fundamental analysis.

How can I use trading signals to trade?

You can find trading signals provided by the FCA-regulated Signal Centre on our page. Each signal includes an entry price, stop-loss (SL) target, take-profit (TP) target, and reasoning behind the signal under the “Trade Idea” section. The trading signals are aimed at both: beginners and professionals.

Trading signals tell traders where to purchase or sell a certain financial instrument. They are produced by various technical and research tools, and they can help traders in making better trading decisions.

Trading signals can also be very helpful for beginners in learning how to trade profitably. Signals are basically trading plans, and novice traders need to learn how to plan their trades and trade their plans. Placing orders without a plan of action often leads to losses. When traders are prepared for different scenarios, they tend to make fewer mistakes.

It has to be mentioned that traders should always use risk management strategies when employing signals, but it is never guaranteed that the prediction will come true. Trading profitably involves both losing and winning trades and the main goal of successful trading strategies is to have a greater income from winning trades to cover the losses.

One of the main advantages of the trading signals on our page is that they are completely free for traders to use. However, being free doesn’t mean low quality.

Can I use dynamic data to stay informed about market events?

Yes. There are various factors that can change the valuation of the asset that you’re trading. Our dynamic data tool informs traders about upcoming market events. What’s more, information is grouped into high, medium, and low categories, based on the importance level. Our tools for market analysis include smart filters that will greatly help you to avoid information overload and focus on the market news that truly matters.

Market events can have a huge impact on asset valuation, as they can cause sudden shifts in supply and demand. Some examples of market events that can have a significant impact on trading include:

Economic data releases: These are critical economic data releases such as interest rate decisions, inflation rates, GDP numbers, unemployment rates, building permits, etc., and can change the market sentiment and have a great influence on price.
Political events: Such as elections, changes in policies, and trade agreements can play a huge role in trading.
Natural disasters and wars: Natural disasters such as earthquakes, floods, droughts, etc. can severely disrupt supply chains and cause prices to rise. Commodity prices are mostly influenced by global supply and demand. For instance, global military conflicts typically increase energy consumption, and as a result, prices of commodities such as crude oil, Brent oil, and natural gas increase.

It is important to remain informed about market developments and economic events even if you are purely a technical trader, as economic news can damage your active trades. Purely technical traders typically avoid trading before and during major market events.