Saxo Bank, the online trading and investment specialist, has launched TradeMaker, a tool that provides technical trading ideas to clients using the online SaxoTrader platform, following a 466% growth in clients using the platform’s technical analysis alerts in 2008.
TradeMaker is a real-time trading idea generator for the FX market that allows traders to execute trading ideas easily. TradeMaker has been designed in response to market volatility and a growing client demand for high quality trading ideas and ease of execution. TradeMaker is designed to make it easier for Saxo clients to trade in volatile markets by publishing real-time ideas on 10 major foreign exchange crosses. When an idea is selected, TradeMaker automatically populates the order ticket on the SaxoTrader platform with entry, profit target and stop loss price levels.
“The tough market conditions mean more of our clients are looking to technical analysis tools for trading ideas and tips on how to time their trades. TradeMaker not only delivers timely trading ideas to clients’ main trading space, but delivers them so clients can easily and speedily execute on them,” says James Morris, SaxoTrader Global Platform Manager.
“It has become clear from the rise in usage of technical alerts that more clients are seeking trading inspiration on a more regular basis. TradeMaker takes the ideas to the client, rather than the other way around,” adds James Morris.
The introduction of TradeMaker follows the successful launch of SaxoMobileTrader for iPhonetm and for BlackBerrytm last year, enabling clients to stay updated with the markets and fully manage their positions at anytime.
