Do not invest more money than you can afford to lose.
FXCM Group, the remaining UK and Australia-regulated units of Global Brokerage, announced it is launching FXCM Market Data Signals.
They are a trading support tool offering insights into potential trading opportunities, using FXCM’s proprietary Speculative Sentiment Index (SSI) along with the Grid Sight Index (GSI).
The SSI is a proprietary tool using past data to signal a change in the market sentiment or direction before it actually happens. The GSI, on the other hand is a new technical indicator, bringing big-data analysis to the FXCM Trading Station Desktop. It locates market patterns and trends and studies the historical response of the markets, summarizing them in real time on clients’ charts.
The market data signals provide FXCM’s clients with the latest price movements, sentiment fluctuations and the historical trends of multiple trading instruments. According to the company announcement, the new tool will let traders identify the right time to trade by following real-time signals and provides them with value analytics and predictive financial modeling.
FXCM Group includes the FCA and ASIC-regulated units of Global Brokerage, after the closure of FXCM US in February. The brokerage offers trading in forex and CFDs both to retail and institutional clients, on several types of accounts. The trading platforms for retail clients are the popular MetaTrader 4 and FXCM’s proprietary TradingStation.
