Technical analysis is frequently seen as one of the most popular methods used when deciding when to place a trade.
(PRWEB) January 6, 2010
IG Markets, the UK’s leading Contract for Difference (CFD) firm, is now offering clients access to technical analysis with online automated pattern recognition technology from Autochartist. IG Markets is the first CFD provider to seamlessly integrate the Autochartist web-based solution within its own trading platform.
The automated pattern recognition software will assist those already using technical analysis by making it easier to identify the patterns as they emerge, while the growing number of traders wanting to learn more about this strategy also stand to benefit from this innovation.
David Jones, Chief Market Strategist at IG Markets, commented:
“Technical analysis is frequently seen as one of the most popular methods used when deciding when to place a trade. Although terminology like head-and-shoulders formations, double tops and triangles may sound somewhat complex, solutions like Autochartist undoubtedly simplifies the process of recognising these patterns. Clients obviously still need to understand how to interpret these technical signals, but IG Markets also provides a comprehensive education programme to help with this.”
Autochartist Business Development Director Enis Mehmet added:
“For Autochartist, this partnership means yet further expansion into the global CFD market. We are delighted to provide our innovative chart and Fibonacci pattern service to a firm of the stature of IG Markets, one of the largest CFD firms in the world. We are looking forward to offering IG customers the latest in ground-breaking technical analysis tools.”
Autochartist is available free of charge to all IG Markets live clients and can be accessed directly from the PureDeal trading platform. Both emerging and complete patterns can be identified, while clients also have the ability to filter their pattern searches, stipulating factors such as the quality or duration of the pattern before it is validated.
IG Markets clients can trade CFDs online, over the telephone or via mobile devices such as the iPhone. In addition to having been confirmed as the UK’s most popular CFD provider in a recent study by Investment Trends, IG Markets also provides extensive training and education through its TradeSense programme. This is specifically designed to help those new to CFD trading to understand the financial markets and risk-management tools they have at their disposal.
About IG Markets
IG Markets is an international market-maker in financial derivatives, offering clients the ability to trade on over 7000 shares listed on markets worldwide, along with indices, currencies, commodities and treasuries. IG Markets is part of IG Group (IGG.L), which employs in excess of 800 people and has offices in 10 countries worldwide. For further information please call +44 (0) 20 7896 0011.