Traders new to Technical analysis will find Autochartist a useful Educational tool...
(PRWEB) June 11, 2010
Autochartist has been integrated in First Prudential Markets’ professional trading platform webIRESS, enabling traders to anticipate and react to price action and easily identify the elements of trend, support and resistance, which form the basis of chart pattern trading.
Autochartist scans for known chart pattern formations, such as triangles, wedges, head-and-shoulders and channels. Autochartist also identifies Fibonacci retracements, extensions and Gartley and Butterfly patterns during the trading day. Autochartist identifies patterns and alerts First Prudential Markets clients in real time – at 15 minute, 30 minute, hourly, 4-hourly and daily intervals - via a web interface.
Matthew Press, General Manager at First Prudential Markets, commented:
“Educating traders is our top priority. Technical Analysis is a popular method used by our traders, so we want to make it easier for them to be able to identify chart patterns. Traders new to Technical analysis will find Autochartist a useful Educational tool to develop their technical analysis knowledge using a practical application.”
Press adds “Experienced Technical traders will benefit from the assistance this pattern recognition tool offers to recognize emerging chart patterns and assist with the identification of potential trades. The package can be customized for personalized market scans and searches for specific patterns or a range of time frames. “
“I’m really excited about Autochartist, I know it’s what our traders want. We listen to our clients and we will continue to deliver the tools that will help them with their trading decisions.”
Enis Mehmet, Head of Business Development at Autochartist, commented:
“We are very pleased to be partnering with a leading Australian CFD broker, FP Markets. By offering FP traders access to the online version of Autochartist through the webIRESS platform, we provide them with the very latest in innovative, online technical analysis tools.”
Autochartist is available free of charge to all First Prudential Markets clients and is accessible directly from webIRESS. Autochartist allows FPM clients to scan the market, identify emerging and completed patterns and filter their pattern searches by quality or duration of the pattern.
About First Prudential Markets
First Prudential Markets is an award winning provider of Contracts for Difference (CFDs). We are committed to providing clients Direct Market Access to Financial Markets and the latest tools to identify and capitalize on trading opportunities. For more information on First Prudential Markets visit http://www.fpmarkets.com.au or call +61 (0)2 8252 6800.
Since its launch in 2004 to now servicing the largest and most successful on-line brokerage firms and institutions, with end users in over 80 countries and in excess of 2,000,000 charts viewed per month by our customers, Autochartist has established itself as the leading solution for Brokers, Market Makers and Educational companies across world looking to offer pattern recognition solutions to their clients.
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