Increasing the permanence of trading among retail clients is very essential for many retail FX companies. The increasing cost of procurement adds more burden to the competition for business include factors which marketing departments as well as financial accountants take very seriously.
A proven method is providing indicators to traders via automated methods in order to attract a vast proportion of U.K. based clients in retaining clients and ensuring longer term trading practices being such a crucial proponents in CFD and Spread betting oriented area with the targeted firms competing for the English market.
Client Retention
The use of signal trading platform among retail FX brokers has led to the increase in the volumes and longer lifetime values for many brokers, it is basically not a new concept and with the signal trading firms have led to the inquiry from distribution channels as a result of ubiquity.
In order to make sure that the business requirement for a particular offering is the addition of this type of service in order to increase client’s chances of being highly profitable and to go some way towards countering incurred losses that can be incurred by traders who are at the losing end.
The ultimate goal is to see clients losing much less and profiting more by a projected 20 % – 30 %. By assisting clients to have better risk management contingencies while increasing their trading volume is the end goal of customer success.
Integrating Proprietary Platform
Following on debts, several company’s alliances with Trading Central will experience a possible rolling in a two-part stage which will appear in Intertrader.com operations which primarily provides Trading Central data.
The second stage is basically projected to be completed by 2014 wherein the entire signal from the said platform will enable traders to access all analysis directly from the platforms as a fully incorporated service providing tool.
In terms of integrated functionality, whilst the trader can receive the signals automatically, there is still some degree of manual input in distributing the signals.
Although there is nothing wrong with manually customising each instrument since doing things on a manual scale is a human trait that can never be delegated to an automatic algorithm.
The trading system in Hong Kong, the U.S. and France are able to provide manual analysis in all their major FX and commodities.
The proprietary platform only creates vital key instruments that are basically being done manually and on top of that there are also two automatic processes one being the candlestick pattern and the other being the RSI 30, RSI 70, MACD and EMA Crossovers.
With regulatory authorities still looking for any activity which would be interpreted as a means of a financial advice, regulations will still be covered by the Trading Central’s license and it is very important that it be set as this may be promulgated into a law very soon.
A well regulated environment for signal traders is the way it should be, as clients should be provided with appropriate methods and that the way forward is for all the signal platforms to be synchronised in a way that there is no compelling of decisions but rather providing information relating to the market in general.