Trade on the forecasts with UTIP WebTrader New

The number of investors who apply forecasts in their trading strategies is growing. This is a unique tool that allows market players to implement successful and profitable models in the financial market. The present article covers the concept of forecast trading, its advantages, and ways of its implementation in WebTrader New by UTIP Technologies Ltd.

Concept of Forecast Trading 

Trading on forecasts entails that historical data and price trends may provide insight into future market changes. Forex dealers use multiple tools and methods to analyze this information and make predictions on whether to buy or sell assets. 

Experts try to foretell prospective market fluctuations, especially in regards to a particular asset, using this type of data. Forecasts are usually based on fundamental (economic news and events) and technical (charts, indicators) analysis, as well as other factors that can influence the market state.

Forecast Benefits

When it comes to forecast trading, there are three major benefits. 

1. The concept enables predicting potential price movements. Therefore, a trader is able to generate profit from the market volatility. 
2. Forex participants are provided with statistical models and analytical tools to determine the best entry and exit points. This facilitates successful risk management and great transaction performance. 
3. Trading forecasts are published for different market segments, including Forex, stocks, commodities and cryptocurrencies. Hence, the investor’s capabilities are expanded. 

Forecast Trading at the UTIP Web Trader New

UTIP WebTrader New features a built-in module with trading forecasts, which are provided by the MarketCheese analytical service. Through the integration, traders gain access to the forecast feed, and review publications by MarketCheese financial experts and other community members. Analyst projections might be helpful when making decisions about your deals. 

Traders are provided with the most relevant forecasts directly from the trading platform. There is no need to search for the sources outside the terminal, which saves time and effort spent on data retrieval. All these features make the system more user-friendly and attract people who appreciate quick and easy access to analytical content.

Forecasts can be sorted by popularity or novelty. You can also split them by the author you are interested in, or look through the projections for one particular symbol. A convenient subscription panel makes it easier to compile your own collection of authors and keep up with the latest news. Forecasts are also divided by market segments, and traders can select the most appropriate publication for their trading strategy.

Clients can import forecast charts to their personal workspace in order to copy other trading strategies. The terminal charts are filled with technical analysis tools, drawing and commentary objects, and indicators. Traders are able to mark all the key points on the charts, i.e. support and resistance levels, trend lines and patterns. Moreover, one can easily analyze and predict price fluctuations, or create and publish a personal forecast directly in the trading platform.

Publications written by our authors are in line with the market moves. There is a feature to view the price history for each forecast and check if it was correct or not. 

UTIP WebTrader New has been enhanced with forecasts, thus introducing a great solution for market participants. Traders benefit from extensive analytical functionality and have access to the major analytical service community, while brokers receive an excellent opportunity to encourage their target audience to be active Forex participants.

If you want to know more about the UTIP WebTraderNew and other company’s products, submit a request on the UTIP website.