IBFX launches brand new Forex analysis website - dailyforextradingedge.com

Interbank FX has just launched their brand new website for daily currency analysis – Daily Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Trading Edge.

Unlike FXCM’s DailyFX and GFT's FX360 route, this offering from IBFX for now revolves around the thoughts of one trader, Raghee Horner. Raghee is an author and experienced trader, so IBFX obviously want to leverage her assets, to help promote the broker brand, and ultimately of course, attract new clients.

According to IBFX, “Within this site, you’ll have access to complimentary analysis from the pro herself, some of which you’ve come to know well through Interbank FX’s Daily Trading Edge. Daily Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term Edge allows Raghee to go above and beyond her traditional DTE postings, offering in-depth commentary, videos, news, webinars, economic calendars and much more.”

The site is laid out in a fresh, yet simple to use manner, prompting easy site navigation, a quick and efficient way to view the daily analysis.

As of yet, the site is a bit thin on volume, but of course as weeks and months go by, IBFX intends this to become “your one-stop source for forex analysis”. It’s unlikely this will happen very soon of course, there's a huge competition out there and IBFX will need to invest heavily in additional contributors and other resources before making it competitive enough. While dailyfx is a huge success outgrowing most of other websites (forex media traffic report soon to be published here on Magnates) GFT's fx360 for now doesn't quite live up to expectations and is low on traffic.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report for Q1 2011.