Broker Watch instantly flags any price manipulation such as shading or "stop loss hunting
Miami, FL (PRWEB) March 16, 2011
eTech Money, Inc. (http://www.etechmoney.com) has released a literal toolbox of next-generation fully transparent software tools that empower traders to track price shading by individual brokers worldwide.
Traders and investors have long known the odds are stacked against them, especially when trading in the decentralized "Wild West" FOREX marketplace. With no established "real" prices, brokers have enjoyed an unfair advantage over their traders, often changing prices up or down at will, without their traders' knowledge. Retail traders have had no way to know if their broker was pushing price against them or artificially triggering stop losses -- until now.
"eTech Money's "Trader Panel" software addresses this issue head on, with original tools such as "Broker Watch," that aggregates brokers' price and spread information, instantly comparing this data to live worldwide price and spread averages. This instantly flags any price manipulation such as shading or "stop loss hunting," explained Joe Puentes, eTech Money Founder and CEO.
Traders who take advantage of these powerful new tools will quickly know if their broker is using artificially higher spreads or prices out of line with the world wide average. "Empowering regular traders with the ability to monitor and evaluate market actions by their brokers creates a more level playing field," added Co-Founder and COO Angel Garcia, "This gives traders greater control over their risks and greater opportunities to realize above average returns."
"Broker Watch" is just one of several patent-pending tools in eTech Money's first-generation "Trader Panel" toolbox. For example, "Market Alerts" and "News Watch" notify traders of market conditions and key financial news announcements directly on their desktops, mobile phone or by live SMS stream.
"This creates new marketplace benchmarks for transparency and automated fraud control, protecting the small trader and investor," added CIO Michael Mansfield. A formerly top rated Commodity Trading Advisor, Mansfield’s has also been ranked in the top 1-10% globally for risk-adjusted returns as a FOREX money manager. Mansfield managed brokerages and trained top traders for money managers, banks & trading firms.
The eTech Money "Trader Panel" beta tools are available freely for the trading community at http://www.etechmoney.com. eTech Money is already developing second-generation elements that combined will compile the largest global stream of live and historical trade data ever, applying state-of-the art artificial intelligence to compare and interpret the raw data in newer, more usable ways than ever before.
About eTech Money:
eTech Money, headquartered in Miami, FL, is led by a dedicated team of experienced professionals in finance, currency, futures trading, and software development, positioning the company as ‘The Investment Authority’ for investors, brokers, traders and vendors worldwide. The patent pending Trader Panel and its tools have been designed to protect the traders’ interests and fill the huge void in the investment community. The company is open to discussing ways to expand the program, including private branding, distribution and other licensing, or partnering opportunities.
This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate. The Company makes no undertaking to update such forward-looking statements.
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