Broker Tools..Do you use them?

Hey Traders.. There seems to be an abundance of traders out there, and i use the term lightly, that seem to always be looking for trade ideas, suggestions, thoughts, info etc.

There are many brokers out there that have their own information feeds for their live account customers. Information feeds such as Weekly strategy, The Week ahead, daily technical analysis etc (oh, and the "daily commentary"). Do any of you use these tools as your trading plan, or some parts of it in conjunction with a personal plan, or any combination?

I personally use forex.com, which gives the tools mentioned above as well as some others, but i have never really used them, sure i have looked at them from time to time, but have not stuck to any type of plan involving any part of the information as an anchor of sorts, or even a deck mop.

I guess im looking for anyone with a bit of experience to give their opinions of the validity of these tools. Not to say that the information given by brokers is misleading (or not, i have yet to come to a solid conclusion myself), but has anyone, or does anyone find these tools of great use in their trading plan/routine?

If so, why, and which types of informaton?
If not, have you tried it? Is it even worth it?

NOTE: i have tried Oanda and Another broker FXMC, but that was a while ago, so I'm not too sure if this question will flow better within the forex.com stream as opposed to any other brokers out there.

Good Luck, and Good Trading!

No, I have never used it. Theres a bit of a conflict of interest for most brokers. They sometimes profit from your losses, so they arn't going to tell you howto win.

My opinion is that you are playing with fire if you depend solely on information provided by others, you need to understand what it is you are being told and then use that information to backup your own descision. My take on the forex.com analysis is that the daily technical analysis is pretty good, but it is NO substitute for doing your own homework.

You can always have a look at such tools but don't rely on them heavily. Always use your own tools. I work as the head of technical research for a brokerage firm which operates in 5 different countries beside trading my own accounts and we create daily reports as well as single stock reports and all the tools you are talking about. Those tools never help except those who already have their own tools and strategies.

Since we are not financially advising our clients, they are not supposed to solely depend on our researches. We are just expressing our opinion to them and we leave the money and risk management job up to them.


Thanks,

Nader

Nope,

I use Microsoft Excel, no need to look to the charts of my broker. They are fake compared with the Interbank System