Spotware Systems announced this Wednesday that it has partnered with financial market analytics company Autochartist to provide its market analysis on cTrader Mobile and allow its clients to make more informed investment decisions.
Through the Autochartist Analysis tool, the company identifies potential trade opportunities by using Chart Patterns, Fibonacci patterns, and Key Levels, the statement said.
The Autochartist Analysis tool is located in the “Symbol Overview” section of the cTrader Mobile app now for all users on its Beta version 3.4 for Android and iOS devices. The tool will also be released for brokers who are subscribed to the financial analytic company’s services.
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Commenting on the announcement, James Glyde, the Chief Commercial Officer of cTrader, said: “One of our goals this year is to provide traders with more information and functionality to help them make better trading decisions.”
“The integration with Autochartist greatly contributes to this by equipping cTrader users with an essential tool for technical analysis from a market leader. Moreover, we expect a particular interest from newer traders who can get acquainted with different technical analysis concepts and gain extra validation of their own analysis.”
Autochartist Feature to be Added to cTrader Web
Although the Autochartist Market Analysis tool is only available for the mobile version of the cTrader foreign exchange (forex) and contracts for difference (CFD) trading platform, the company does plan to add this feature to its web version “as soon as possible.”
“Mobile trading is the hottest topic on everyone’s lips at the moment. This integration demonstrates how mobile trading has evolved from being a simple position monitoring tool to now offering tools to make informed trading decisions. We are extremely proud to have been chosen as the supplier of choice to power cTrader’s analytics on their mobile application,” added Ilan Azbel, CEO at Autochartist.