FXCM Group LLC has released a new tool, FXCM Market Scanner, with which traders can search the markets using the top seven most popular indicators (200EMA, 30 EMA, MACD, RSI, STOCH, CCI and SSI) to detect the five strongest buy or sell signals at the current moment all on one screen.
The brokerage explains that with the new FXCM Market Scanner, traders can find potential trading opportunities in real-time by screening forex and CFDs with preferred technical parameters. It can also allow for further inspection of signals as they explain that, while an opportunity may seem compelling in the short term, medium or long-term, analysis may suggest otherwise with this new trading tool.
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“We’ve received very positive feedback from clients,” an FXCM spokeswoman commented to Finance Magnates.
“With our new tool, Market Scanner, you can save time when confirming your spread bet, forex and CFD analysis as it helps you detect the five strongest buy or sell signals based on a combination of technical indicators and different time frames.”
Last week we exclusively reported that the Global Head of FXCM Pro Brandon Mulvhill is set to leave FXCM after 12 years in a variety of roles at the company. He will be joining Jefferies as Head of the New York-based investment bank’s FX prime brokerage.