LONDON, November 5, 2014 /PRNewswire/ --
Classic risk management is a staple of any forex trader's arsenal. The maximum amount of lots to trade in relation to your equity. Where to place your stop-loss and take profit. How to deal with leverage and margin. But it's 2014 and technology now exists that can help traders manage risk without the need for a calculator.
There is one broker that has brought this technology directly to the trading platform. Trade24 is a UK-based forex broker that offers a full range of trading products. Built directly into their WebTrade24 online forex platform, the risk tool gives real-time feedback to clients based on their account trading history to help manage their account margins as well as trading behavior. Additionally, clients get actionable trading guidance and dynamic, real-time news alerts to ensure traders make the most of every opportunity while ensuring proper risk controls are in place.
Take, for example, the margin call trigger which automatically alerts the client and makes some suggestions to keep away from a margin call. Another example is a behavior trigger which, when a client closes a number of trades in profit in a row, the system notifies the client to stay sharp and not let it go to his head.
Traders are also given volatility information regarding relevant instruments. If a particular currency is moving fast, you are notified that it is volatile and can then choose to act on that. The stop-loss calculator is another function which users can utilize to automatically calculate where to put their stop-loss based on personal preference.
"Our objective for this platform is to give clients the best trading experience," said David Fix, Vice President of Sales for Europe. "We found that many clients want better risk management tools, and that's what we delivered."
Another addition to their WebTrade24 platform is the ability to utilize the social trading capabilities directly from the console. This gives their clients the ability to make trades manually as well as copy any trader in the system. Trading is fluid and effortless with this platform.
According to Fix, "WebTrade24 is an extremely powerful social and self-trading platform that protects clients and helps them profit. Our offerings span from web trading down to mobile trading with all the functionality right in the platform."
For more information on this new tool, please contact: