Tradency Mirror Trader Expands to CFD Trading
by
Ron Finberg
Technology firm Tradency, whose Mirror Trader is one of the leading platforms for copy trading in the FX industry has just announced that the system will now be supporting CFDs. According to the announcement, broker FXPRIMUS will become the first firm to begin offering the CFD copy trading product to its clients. The line of supported CFDs includes commodities like Gold and Oil, equity indexes, and individual stocks.
CFD TRADING NOW SUPPORTED BY MIRROR TRADER Tradency expands its Mirror Trader platform into CFD trading, FXPRIMUS to be the first broker to launch December 17, 2012, New-York -- Tradency, originator of the Mirror Trading concept and developer of the industry-leading Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. Read this Term - Mirror Trader; announced today the adding of CFD to its offering. By doing so, Tradency had become the first Mirror Trading solution provider to offer its clients with CFD trading and CFD dedicated expert strategies. Tradency identified a growing demand among brokers to incorporate the Mirror Trading service into a CFD offering. During the last year, Tradency thoroughly examined tend of CFD strategies, and is now offering an impressive list of track-record proven, experienced CFD strategies. Mirror Trader offers its CFD traders with large variety of CFD instruments: S&P 500, Crude oil, Google and more. And a wide range of markets available: Equities, commodities, indices, energy, gold and silver futures. Earlier this year, Tradency had made a conceptual change to its business model turning it into a mass market product by transforming from volume based to a fixed fee structure. This change enabled Tradency's 40, and growing, brokers to offer the Mirror Trader platform to all their clients. Oz Golan, Sales Director, Tradency: "brokers can now offer Mirror Trader to their entire client base, Forex and CFD traders alike. During the last year we've seen how by using the Mirror Trader platform, brokers succeeds in reactivating live funded accounts that do not actively trade or do trade very rarely. This newly activated accounts increase the brokers trading volume per trader significantly. And this is why we've expanded our platform to include CFD trading as well". FXPRIMUS is a valuable partner to Tradency and is dedicated to provide their clients with the most advanced Mirror Trading technology. Terry Thompson, President, FXPRIMUS: "we are extremely pleased to be the first international broker to offer CFD Mirror Trading. We are certain that by introducing our entire client base to the Mirror Trader platform, we will benefit both our existing Forex traders and the newly introduced CFD traders. I also believe that by doing so we will enrich our traders trading experience and strengthen even further the FXPRIMUS brand." Mirror Trader is based on the Trade-By-Knowledge concept, exposing traders to the vast knowledge of experienced CFD & Forex strategy providers. The platform's ease of use and multiple trading options (automatic, semi-automatic & manual trading) enables traders to start trading faster and stay active for longer. About Tradency Tradency Inc. is the developer and originator of Mirror Trading technology, which enables traders in foreign exchange to automatically evaluate and adopt global strategies. Tradency's Mirror Trading Platform offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice. To find out more: www.tradency.com About FXPRIMUS FXPRIMUS, The Safest Place to Trade, offers retail traders a level of trade execution, service quality and fund safety that are normally reserved only for the largest investors. Serving traders in 205 countries across 6 continents, FXPRIMUS provides an unmatched level of fund safety combined with Straight Through Processing, top notch execution with tight spreads, prompt and responsive customer support, and an industry-leading trader toolset that includes free access to powerful trading tools and personal coaching via FXPRIMUS Coach. FXPRIMUS is based in Mauritius and is regulated by the Mauritius Financial Services Commission (FSC), which provides one of the world's safest and best-regulated offshore environments. Mauritius is one of the world's leading offshore financial centres, and has attracted more than 550 investment funds with a Net Asset Value of USD50 billion. More than 35,000 businesses and investment funds engaged in a wide range of global activities, make use of the Mauritius global financial services platform. Mauritius maintains double tax treaties with approximately 200 countries worldwide.
Technology firm Tradency, whose Mirror Trader is one of the leading platforms for copy trading in the FX industry has just announced that the system will now be supporting CFDs. According to the announcement, broker FXPRIMUS will become the first firm to begin offering the CFD copy trading product to its clients. The line of supported CFDs includes commodities like Gold and Oil, equity indexes, and individual stocks.
CFD TRADING NOW SUPPORTED BY MIRROR TRADER Tradency expands its Mirror Trader platform into CFD trading, FXPRIMUS to be the first broker to launch December 17, 2012, New-York -- Tradency, originator of the Mirror Trading concept and developer of the industry-leading Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. Read this Term - Mirror Trader; announced today the adding of CFD to its offering. By doing so, Tradency had become the first Mirror Trading solution provider to offer its clients with CFD trading and CFD dedicated expert strategies. Tradency identified a growing demand among brokers to incorporate the Mirror Trading service into a CFD offering. During the last year, Tradency thoroughly examined tend of CFD strategies, and is now offering an impressive list of track-record proven, experienced CFD strategies. Mirror Trader offers its CFD traders with large variety of CFD instruments: S&P 500, Crude oil, Google and more. And a wide range of markets available: Equities, commodities, indices, energy, gold and silver futures. Earlier this year, Tradency had made a conceptual change to its business model turning it into a mass market product by transforming from volume based to a fixed fee structure. This change enabled Tradency's 40, and growing, brokers to offer the Mirror Trader platform to all their clients. Oz Golan, Sales Director, Tradency: "brokers can now offer Mirror Trader to their entire client base, Forex and CFD traders alike. During the last year we've seen how by using the Mirror Trader platform, brokers succeeds in reactivating live funded accounts that do not actively trade or do trade very rarely. This newly activated accounts increase the brokers trading volume per trader significantly. And this is why we've expanded our platform to include CFD trading as well". FXPRIMUS is a valuable partner to Tradency and is dedicated to provide their clients with the most advanced Mirror Trading technology. Terry Thompson, President, FXPRIMUS: "we are extremely pleased to be the first international broker to offer CFD Mirror Trading. We are certain that by introducing our entire client base to the Mirror Trader platform, we will benefit both our existing Forex traders and the newly introduced CFD traders. I also believe that by doing so we will enrich our traders trading experience and strengthen even further the FXPRIMUS brand." Mirror Trader is based on the Trade-By-Knowledge concept, exposing traders to the vast knowledge of experienced CFD & Forex strategy providers. The platform's ease of use and multiple trading options (automatic, semi-automatic & manual trading) enables traders to start trading faster and stay active for longer. About Tradency Tradency Inc. is the developer and originator of Mirror Trading technology, which enables traders in foreign exchange to automatically evaluate and adopt global strategies. Tradency's Mirror Trading Platform offers traders a flexible choice of combining its groundbreaking approach with traditional online trading methods. Since its inception in 2005, Tradency has pioneered this new method, creating a new category of platform trading. Tradency continues to innovate its services, reinforcing its reputation as the creator of cutting-edge industry practice. To find out more: www.tradency.com About FXPRIMUS FXPRIMUS, The Safest Place to Trade, offers retail traders a level of trade execution, service quality and fund safety that are normally reserved only for the largest investors. Serving traders in 205 countries across 6 continents, FXPRIMUS provides an unmatched level of fund safety combined with Straight Through Processing, top notch execution with tight spreads, prompt and responsive customer support, and an industry-leading trader toolset that includes free access to powerful trading tools and personal coaching via FXPRIMUS Coach. FXPRIMUS is based in Mauritius and is regulated by the Mauritius Financial Services Commission (FSC), which provides one of the world's safest and best-regulated offshore environments. Mauritius is one of the world's leading offshore financial centres, and has attracted more than 550 investment funds with a Net Asset Value of USD50 billion. More than 35,000 businesses and investment funds engaged in a wide range of global activities, make use of the Mauritius global financial services platform. Mauritius maintains double tax treaties with approximately 200 countries worldwide.
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