MELBOURNE – June 28, 2022 – The Australian Forex and OTC derivatives trading broker Mitrade has added a new trading strategy feature in its mobile app to help traders understand and analyze individual securities better and structure a winning trading plan.
The new strategy feature will help traders fine-tune their short-term and long-term trading strategies anytime, anywhere. It aims at giving traders key insights into the movements of individual securities and overall markets so they can make informed and logical trading decisions.
“We are excited to announce that Mitrade’s mobile app has been through a major feature upgrade. The new trading strategy feature will aid traders in forecasting market movements and help them benefit from fluctuations in the markets. Traders will have a set of predefined criteria to initiate a trade, which will eventually promote a habit of making well-thought-out investment decisions. Our technical and financial experts are committed to innovating and introducing new app features to simplify trading for all,” said a representative of Mitrade.
Mitrade’s trading strategy feature offers traders a systematic methodology to buy and sell in the securities markets. The informational portal contains strategic information on individual securities. Traders can study candlestick charts, see the pivot point that gives them insight into the general market trends and read Mitrade’s own trading suggestions in terms of support and resistance lines. There is a comment section where fellow experts share their opinions on the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) for individual security. However, the point of view in the trading strategy section is based on independent judgment by analysts and is not a one-size-fits-all approach. Investors have to consider their own individual trading goals.
Mitrade’s Android app has been downloaded over 1 million times. In total, Mitrade has more than 1,100,000 users from around the world to date.
Mitrade has been regularly featured on Nasdaq, Yahoo Finance, MarketWatch, and Bloomberg. View all media features here – https://www.mitrade.com/about-us/media
Mitrade has won several awards including the Most Innovative Broker 2022 by FxDailyInfo and the Best Mobile Application 2021 by World Forex Award. See all awards at https://www.mitrade.com/about-us/awards
For media inquiries, please contact Ms. Belle Toh at [email protected]
Mitrade is a leader in Forex trading and an innovative financial technology group. Mitrade is strictly regulated by the Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), and the Mauritius Financial Services Commission (FSC). A dedicated and vision-led team of technological experts and finance veterans founded Mitrade and built a proprietary trading platform that became the face of innovation in Forex trading. Mitrade is consistently and dedicatedly pursuing its mission to bring simplicity to Forex trading.
All trading involves risks. CFD products may not be available for your jurisdiction, and the distribution of the above information is not intended to be contrary to local law or regulations.