LONDON--(BUSINESS WIRE)--Alpari (UK) Limited (“Alpari (UK)”), a leading global foreign exchange (“Forex”, “FX”) broker, is launching Alpari AM, a brand new trading tool brought to traders in collaboration with Autochartist, a global leader in automated technical analysis and research.
The web-based trading tool automatically and independently scours Forex market price action throughout the trading day – detecting technical patterns which then help traders to identify technically inspired trading opportunities. This new service goes beyond what traditional automated technical reports tend to offer because all analysis is now compiled into readable text that can be viewed in tandem with technical charts, a very popular tool with traders. The service functions in tandem with the existing Autochartist service. Since the start of collaboration between Autochartist and Alpari (UK) on 14 February 2011, the report has a forecast accuracy ratio of 72%* (up to 8 August 2011). The service provides in-depth technical analysis; automatically, consistently and concisely to ensure traders with all levels of experience are able to benefit.
A key feature of Alpari AM is its multilingual capability with reports available in 11 languages at any time throughout the US, European and Asia trading sessions, five days a week.
Alpari AM has been designed with traders’ daily routine in mind, identifying and generating the most important technical formations at the start of the trading day. Each day, a separate report is generated at the beginning of each globally recognised trading session – beginning with the Asian session and then moving onto the European session, with the final report available prior to the start of the US session. Each report shows seven technical charts of the most active currency pairs alongside the accompanying text. Recent reports can be viewed via the tool’s archive.
“Launching a service such as Alpari AM specifically for Alpari (UK) clients demonstrates our commitment to delivering innovative institutional-level research tools to our retail clients. It’s a huge benefit for traders to have instant access to both technical and fundamental market analysis not only quickly, but also in several formats,” says George Tchetvertakov, Head of Market Research at Alpari (UK). “It’s pivotal for us to offer a wide spectrum of research tools in order to provide traders with a more accurate and balanced representation of market events. Alpari AM is the latest addition to our range of trading tools which are all designed to help clients make more informed and profitable trading decisions.”
Alpari (UK) provides a wide range of research tools for its clients including live market commentary, automated and manual technical analysis, daily/weekly fundamental market reports, a UK equities research hub, a comprehensive economic calendar and WebTV.
* Past performance is not a reliable indicator of future results.
About Autochartist
Autochartist was founded in 2004 and currently services the largest and most successful on-line brokerage firms and institutions. More than 2,000,000 chart patterns are viewed by customers in over 80 countries worldwide. Scanning a wide array of instruments like Forex, CFDs, equities and commodities, Autochartist has established itself as an important value adding service for Brokers, Market Makers and Educational companies. (Source: Autochartist)
About Alpari (UK)
Alpari (UK) Limited is an award-winning foreign exchange (“Forex”, “FX”), contracts for difference (“CFDs”) and precious metals broker headquartered in the heart of the City of London and with subsidiaries in Germany, Japan and India as well as a Representative Office in China.
Alpari (UK) is authorised and regulated by the Financial Services Authority (FSA) in the United Kingdom. FSA Register number 448002. Company No. 05284142. Alpari (UK) is an independent entity within the group of Alpari companies.
With a history dating back to 1998, the Alpari companies are among the world’s fastest growing providers of online Forex trading services, with more than 50 offices in cities in over 20 countries, including London, New York, Tokyo, Shanghai, Dubai, Moscow, Mumbai and Frankfurt. Combined, the companies look after over 170,000 active trading accounts, generating monthly trading volumes in excess of $210 billion and employ over 630 people worldwide.**
**May 2011