ETX Launches Trading Through Charts
ETX Capital, a UK spread betting provider, has just launched a new functionality to allow clients to trade more efficiently and quicker – the Trade Through Charts facility.
Clients can now avoid spending time opening and closing windows to place trades by opening and closing positions directly from charts. The charting package is free for all clients and allows for a high degree of customisation. Clients can see market prices using OHLC, line, candle, area or plot; set time periods ranging from one second to one month; chose between ask, bid, or mid price; change format settings; and add technical studies to develop trading strategies.
When the chart is open, the client can place trades either using the box at the right top or through a drop down menu. The software also allows the trader to set limit and stop orders. A useful tool ETX added is the shading of profit and loss. When you select to track your open position, the chart will show green and red shading areas representing the points at which you were in profit and loss and by how much.
At a time the industry is maturing, spread betting providers are improving their software capabilities offering more and more functionality to clients. The tools offered are usually free and are becoming very powerful allowing traders to trade more efficiently than ever.