CFD Provider IG Markets Launches Automatic Chart Pattern Recognition Technology

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Singapore-based FX and CFD trading company, IG Markets is pleased to launch Autochartist, a chart pattern recognition tool that automatically monitors the markets on your behalf.

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Autochartist is available on forex, indices and commodity CFDs, through our PureDeal and PureDMA platforms. The intuitive interface and powerful features make this technology a great guide to making CFD and FX trading decisions.

Singapore-based FX and CFD trading company, IG Markets is pleased to launch Autochartist, a chart pattern recognition tool that automatically monitors the markets on your behalf.

Key Facts

  •     Autochartist is a chart pattern recognition tool that removes the user from the labour-intensive process of monitoring markets
  •     Autochartist automatically alerts the user when emerging trends indicate potential CFD trading opportunities
  •     IG Markets is the first CFD and forex provider to offer this fully-integrated and automated technology in Singapore

Autochartist is seamlessly integrated into IG Markets’ browser-based online FX and CFD trading platform. It offers an advanced range of features which CFD and FX traders can tailor to their own requirements. Users can create their own searches to identify over a dozen different types of chart pattern, in addition to four varieties of Fibonacci pattern. This innovative technology can be used to scan all CFD markets that IG Markets offers including forex, global stock indices, and commodities.

Mr Peter McDermott, Managing Director, IG Markets Singapore said: “The arrival of Autochartist is a fantastic development for our clients. We’re the only CFD provider in Singapore to offer this fully integrated technology, and all our clients can now take much of the legwork out of the time-consuming process of monitoring the markets. Furthermore there is no charge to use Autochartist – so now there’s even less reason to miss that great CFD trading opportunity.”

“Autochartist is available on forex, indices and commodity CFDs, through our PureDeal and PureDMA platforms. The intuitive interface and powerful features make this technology a great guide to making CFD and FX trading decisions.”

Using Autochartist, clients can:

  •     Anticipate and react to trend, support and resistance patterns
  •     Identify emerging patterns and take a proactive approach to trading CFDs and forex
  •     Interpret non-trending patterns to make sense of the markets

“Autochartist is just the latest example of IG Markets’ dedication to innovation. Through this process we’re able to consistently improve the experience for those wishing to trade CFDs. With Singapore dollar denominated CFDs, 24 hour pricing, and automatic rebates for high volume shares and forex traders, Autochartist is just another benefit for our clients in Singapore and yet another indispensable trading tool,” Mr McDermott said.

About IG Markets

IG Markets specialises in financial derivatives, principally Contracts for Difference trading (CFD trading) on over 7,000 global share CFDs, along with indices, forex, commodities, options, binaries and more. IG Markets is part of the IG Group, a UK FTSE 250 member with over 80,000 active clients worldwide. For further information please call (65) 6390 5118.

IG Markets (ACRA No. 53059261X) holds an MAS (capital markets services) licence for dealing in securities, trading in futures contracts and leveraged foreign exchange. IG Markets is also licensed by International Enterprise Singapore to trade CFDs on commodities. IG Markets does not operate a securities, futures or commodities market. Please remember that CFDs and forex are geared and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please make sure that you fully understand the risks involved.

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Paul Daly
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