FX1 International, a provider of education, webinars, and comprehensive portals for foreign exchange (FX) traders, has bolstered its offering with the launch of ProfitPips, which acts as a new trading app for users, per a company statement.
The new app extends a variety of functions to FX market participants, with ProfitPips specifically targeting educational and communication functionality. Amongst its several devices, ProfitPips was designed to include such features as live trade calls, trading rooms, weekly webinars and a trading education hub, as well as live coaching for trades, among others.
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ProfitPips is important as it helps address one of the most primary critiques of the FX industry, i.e. trader education, which many brokers have agreed is at the top of a short list for possible issues facing the industry and respective brokerages. The availability of such an offering will help shore up traders’ gaps in knowledge and understanding, which should ultimately foster more safe trading strategies.
The app itself is available across both Apple and Android products, which is complete with both free and paid versions.
According to FX1’s international speaker, Dickson Pua, in a recent statement on the launch: “As a trader myself, I’ve noticed that traders all around the world need solutions to the following three problems: how to decode breaking news, how to execute trades properly and the need for continuous coaching and mentorship.”
“With ProfitPips, we are able to fill that gap that is so desperately needed by the global trading community,” he noted.