Do not invest more money than you can afford to lose.
Trading 212, an EU-regulated forex broker, announced it has integrated the social charts of its recently launched Tradebird crowdsourced news platform into its eponymous trading platform.
This, according to the company, will allow traders to see what their peers are saying and doing on the chart in real time.
The new feature will bring the social network element to the charts by displaying the avatars of traders under the timeline, along with their comments. Their posts will also appear when hovering the mouse over the chart, at the same time they were posted.
Thus traders would be able to track why a sharp move has happened, what are the reactions of other traders to the occurrence and what would happen next in their opinion. Predictions will also be easier to track as they will appear much like a timeline connected directly the events on the markets.
Trading 212 launched the social platform and news feed Tradebird in the end of March this year. It features crowdsourced news, charts, price levels and investment insights. The platform is focused on the global forex, commodities and stock markets. It is available for free download as a web-based and mobile application for Android and iOS devices.
Trading 212 is owned by the Bulgarian-based company Avus Capital. It is regulated by UK’s Financial Conduct Authority, the Cyprus Securities and Exchange Commission and Bulgaria’s Financial Supervision Commission. It provides trading of forex and contracts for difference (CFDs) on forex, gold, oil and stocks in more than 65 countries, including Germany, Russia, and China.
It is one of the many forex brokers, which temporarily hiked their margin requirements over an eventual Brexit. Furthermore, in a special interview for SMN this morning, Trading 212’s chief dealer Plamen Peychev said the broker is limiting the size of orders on fixed spreads and advised traders not to take excessive risk during the upcoming volatility.