Davinci Technology has launched Wave Robo Advisor, otherwise known as WFX. According to a statement released this Monday, WFX allows for easier management of massive data from foreign exchange (forex) investments.
Based in Hong Kong, WFX is specifically tailored to beginner forex investors. The technology automatically tracks the trade history of investors and the one-click operation of WFX is easy for traders to learn, the statement said.
According to the statement, the Robo Adviser has partnered with Commercial Bank, Standard Chartered Bank, and Wing Lung Bank for clients to add funds.
Understanding the Gaps in Forex TradingGo to article >>
WFX is also able to process more than 1,000 orders at the same time for every second. The technology allows users to adjust the order, set fast operation and track trade history. It also offers investment strategies, which gives traders a judgement of the future direction of the foreign exchange market and more “flexible advice on investment strategy,” the statement said.
FX Market is heading for a bull run
In a recently-held forum by Davinci Technology Leo Chan, the creator of Bridgewater, believes that the bull market for forex will arrive in 2019. This is largely thanks to the United States Federal Reserve, which has stopped raising interest rates, Chan said.
According to Chan, in the short-term, this will stimulate global asset prices to reach higher levels and most likely, kick-start the forex bull market.
“It is an important year for the foreign exchange market in 2019 spring. Hopefully, with the twilight of the strong era of dollars, the growth of emerging market assets and good liquidity will provide a strong downwind for currency markets. WFX has strict supervision and clearing system that all the investors can manage it easier by all these functions,” the statement added.