Forex Figures

The Autochartist tool has long been one of the most popular charting tools for Forex traders worldwide, and Tadawul FX, a Forex broker regulated by both CySEC and BaFin has just announced its provision of the Autochartist tool to all live account holders with a balance of $50 USD or more.  Both new Tadawul FX traders and existing clients can take advantage of this new offering.

As a Forex trading tool, Autochartist is respected for its ability to integrate beautifully with MT4 platforms, and to identify a plethora of price chart patterns including wedges, triangles and head and shoulders formations.  These trends can be identified by the Autochartist for over 3000 trading instruments, though Tadawul FX, like most brokers don’t offer trading for all instruments served by the Autochartist.

The Autochartist software has been known to identify at least 70% of all emerging trends, and it is popular because it alerts traders immediately as a formation appears, allowing traders to take action as quickly and efficiently as possible.  Tadawul FX has long been working to serve the needs of all traders, and to make trading possible at any time.  At the end of 2011, the company began offering mobile trading, and the offering of the Autochartist tool is another way that Tadawul FX responds directly to the needs of its traders.

Stavros Yiannakou, the Chief Executive Officer of Tadawul FX summed it up by saying: “At Tadawul FX, we are committed to ensuring our traders have the best tools available to keep them well informed on the markets  and help them trade as efficiently as possible. This latest addition to our trading services, following the launch of our successful Meta Trader 4 mobile trading applications, is again a key tool for our traders to quickly spot trends and trading opportunities they wish to invest in or opt out of respectively.”