Dailyfx are working for IG Markets?

Beginner Questions
1

Hi Team,

Is https://www.dailyfx.com/ a reputable news/analysts information website? Side question: What’s the best?

So much of the markets are people saying 1 thing to get the retail trader hooked into a trade, but have other motives to push the price in the opposite direction.

Does anyone know if Dailyfx are working for IG Markets? I’m worried about them being IG Markets puppet and giving out misinformation while the institutional trader does the opposite.

Thanks for reading.

2

IG Group bought DailyFX from FXCM in 2016.

DailyFX has always been a reliable source of information.

1 Like
3

Thanks for your reply. Some how I trust you more than Dailyfx though because they are being paid by IG Markets, and I feel they wouldn’t be entirely truthful about movements in the markets. Know what I mean? Dailyfx interests would be more inline to IG Markets guiding retail traders 1 way so that IG Markets can move the market the other way and take their money.

Are you working for Dailyfx or IG Markets?! lol

4

The best way to use market analysis is use a few different sites eg Reuters, CNBC, investing, bloomberg etc and then look for similarities and differences. You always get some trade ideas. Those you can follow and see who is reliable. Whenever I used to see trades by the big institutions, I found the market goes the opposite way but may spike up first. So found it unreliable.

Not sure if they’re affected but that would be more of a reason to read other sources and compare.