Top 10 FX trading technology product launches this year: MB Trading, IvyBot, Forex on the Go, Bahrain Financial Exhange and others
Forex trading programs have become popular in the past few years, because they give outsiders a chance to understand market trends. People who do not have experience in trading with investments or currencies can use their own knowledge to analyze market trends and make quick trading decisions based on that knowledge. Algorithmic forex trading software programs have taken the FX trading market by storm, with hundreds of software programs being released every year. Here is a look into the top 10 FX trading software programs that have been launched in 2012.
IvyBot is the latest program to hit the forex scene, and it allows users to enjoy a completely "hands-free" approach to trading. The robot does all of the work in trading currency pairs.
2. Forex Hitter
Forex Hitter obtains the same successful results that other FX algorithmic trading programs achieve, but the notable feature of this software is its low cost. At $49.95, anyone can afford to be trading on the FX market by purchasing this program.
3. Bahrain Financial Exchange
This program won the "Best Innovative Product" award at the Jordan Expo in 2012. Bahrain Financial Exchange received this award, because it is the first product to offer a derivative based on the Indian rupee and U.S. currency.
4. DailyFX News Notifier
This app was recently released in the new forex app store, and it gives traders the chance to receive notifications on smart-phones about the most recent changes in the market.
5. Talk with Friends
With this app, traders can display their most profitable trades for the world to see on social networks.
6. Volatility Factor
This software offers traders the chance to analyze the volatility of the FX market for a particular trade. If a currency seems to be trading at high volumes, then this software will alert a trader.
7. Automatic Trend Lines
This app allows traders to quickly analyze trades and take a look at their history on the market.
8. Forex on the Go
This app is one of the most regarded apps for the iPhone. With this app, traders receive fixed spreads and precise charts. Traders can also set a "stop loss" and take a profit with this app. Forex on the Go has continued to outperform over 230 other forex trading apps in the iPhone app store in 2012.
9. Alpari Direct Pro
This software program is designed for the more sophisticated forex trader. By using this program, traders can have access to additional capital for trades and can trade on a variety of foreign platforms including Russia and India. Sophisticated traders can also use the program for scalping, since there is no policy that prohibits scalping on the market.
10. MB Trading
This online program allows users to start trading with only $400 in the bank. It is one of the most highly-rated forex trading programs due to the low initial deposit that is required.
These are the top 10 forex trading products that have been launched in the past year. Forex products for the iPhone and iPad will likely continue to become more popular in the upcoming year.