FXStreet, one of the largest B2C portals for foreign exchange media, announced this Tuesday that it has launched real-time trading signals with the aim to guide users through the trading market.
According to a press release seen by Finance Magnates, the FXstreet Signals use strategies based on parameters such as price, time, and economic events. Furthermore, the signals are based on more than 20 different trading strategies.
Commenting on the new product in the press release, Setxi Fernández, Chief Executive Officer at FXStreet, said: “We want to keep on empowering our users to be more independent and informed when trading Forex. Our signals will help them decide when to enter and when to exit a position in a specific market.”
FXStreet signals are generated automatically
The signals are generated automatically according to proprietary strategies, which are based on a range of parameters such as price level, time, economic events, risk, macro, and cyclical analysis. The signals are managed by the FXStreet team, the statement said.
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“Among some of the features users will enjoy with this new product, Fxstreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct mentorship by FXStreet analysts and get room to discuss and interact,” the company said in its press release published today.
The trading signals can be found on the company’s website via the following URL: http://www.fxstreet.com/signals. Another interesting detail of the new signals is they all have dinosaur-themed names. Finance Magnates reached out to FXStreet for clarification on why this was so.
“Basically, we made an internal contest with all our employees in which they had to think in the most funny, attractive and representative name for the Signals. We chose the best idea and we announced the winner employee with a present for him. This contest was done in order to make every employee participate in the Signals launching,” Fernandez told Finance Magnates.
FXStreet is a leading source for news and real-time forex analysis. The media portals offer real-time exchange rates, charts, and an economic calendar. The company is based in Barcelona, Spain.