DALLAS (PRWEB) April 19, 2007
GlobalTec today released the latest version of 4X Made Easy® software, the only trend recognition analytical tool that provides currency traders with the opportunity to trade through an integrated broker who offers spreads as low as one-tenth of a PIP. By allowing traders to get in between the spread by one-tenth of a PIP, it allows traders to minimize their spread and maximize their profit potential.
"This is a critical but essential change in the FOREX market," said John Dankovchik, president of Dallas-based GlobalTec. "As tighter spreads become more popular in the FOREX market, it will be commonplace to see one-tenth of a PIP quoted in the market. We wanted to make sure our valued customers were 'first' with receiving cutting edge advanced execution technology."
Using 4X Made Easy in conjunction with integrated broker MB Trading provides a powerful execution system that incorporates multiple bank feeds which display liquidity directly on the system. Customers place orders that match electronically with these banks or other customer orders at increments as low as one-tenth of a PIP, without interacting with a 'middle man' whose job is to try to make money trading off of the customers order flow.
"By being able to represent yourself by posting the best bid or offer, you are essentially putting yourself 'first in line' to getting a fill on your order before everyone else," said Blake Morrow, president of 4X Made Easy.
"In the stock market this is called an ECN (Electronic Communications Network)," Dankovchik said. "The ECN model allows traders and investors to post bids and offers in the market anonymously, essentially playing the "bank" in the transaction. Customer orders will execute against one another, eliminating the need to only fill orders against bank quotes. This technology facilitates 'best execution' for traders and generates fair price competition."
Since the debut of 4X Made Easy in 2002, tens of thousands of traders of all skill levels have used this trend recognition software to trade successfully in the (spot) FOREX market. 4X Made Easy tracks the real-time buying and selling pressure of up to 17 currency pairs, displaying these pressures in easy to follow green (buying pressure) and red (selling pressure) lines in seven fully customizable time frames.
These green and red lines are based on a patent-pending proprietary algorithm common to all GlobalTec trend recognition software, a product suite that also includes Wizetrade, Wizetrade for Options, Commodity Explorer and CommandTRADE.
In addition to adding the one-tenth of a PIP execution capabilities, this newest version of 4X Made Easy also includes:
- 3 new Default Trading Styles (Long Term Swing, Day Trading, Hybrid)
- Redesigned Clock Feature
- Ability to Set Order Default (allowing trader control over which order type to default when placing a trade)
"These are enhancements that many of our valued customers have requested," Morrow said. "Our continuing goal is to provide our customers with the best software and training to help them be as successful as possible in their FOREX trading.
"This latest version of 4X Made Easy, updated to reflect the one-tenth of a PIP, is absolutely the most powerful tool available for currency trading. A PIP is still 4 digits from the decimal point on most pairs. The JPY related pairs will be 2 digits from the decimal point. The only addition customers will see the "extra" digit quoted at the end, which represents the one-tenth of a PIP."
For more information about 4X Made Easy, visit http://www.4Xmadeeasy.com or call 1.888.720.5200.
Dallas-based GlobalTec is a nationally recognized provider of investment software and a leading investor training organization that provides analytical and trending tools for personal investors. Founded in 1999, GlobalTec has been providing traders at all experience levels with a suite of software products and investor training classes to assist them with their trading selections. Through the GlobalTec Training Institute, individual investors take advantage of a range of workshops and classes that empower them to make confident decisions when trading the markets. This suite of products includes Wizetrade, 4X Made Easy, Wizetrade for Options, Commodity Explorer and CommandTRADE. For more information about GlobalTec, visit them online at http://www.globaltecsolutions.com, or call 1.888.304.8881.