myfxbook Expands Service To Offer Liquidity Charts - Offers AutoTrade To Pepperstone Clients

Automated Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term tool and FX social community myfxbook has added a further section to its product offering today.

The new section is called Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and is displayed in the form of a chart based on a series of data from multiple brokers and currencies.

This upgrade represents the second additional service to be added to myfxbook within the last few weeks, as the company integrated its service to Spotware Systems cTrader in July, in order to provide social trading and analytics to users of the platform.

With the addition of the liquidity charts, users are provided with an ergonomically effective means of analyzing and estimating liquidity on a market-wide basis, and to compare FX liquidity averages of different sessions.

Antipodean AutoTrading

In addition, the firm has entered into a strategic alliance with Australian FX broker Pepperstone, in order to offer an account which can be traded automatically. As part of the firm’s existing AutoTrade service, this is automatically synchronized with a connected trading account, thus replicating each order.

Whilst the AutoTrade facility itself is not entirely new, it was launched relatively recently and is in its inaugural stages, with Pepperstone being the latest broker to integrate it. The cost of the service is dependent on the type of account, and broker. With some brokers it is completely free while with others there is a small markup spread depending on the business model of each broker.