Although the COVID-19 pandemic has caused more traders to become acutely aware of their risks, there are innovative tools for them to leverage on as they navigate and slotxo find opportunities amid volatile market situations. Algorithmic trading, in particular, has been transformative in the way that it uses automation to identify profitable trades by executing predetermined strategies around the clock. On top of taking human error and emotion out of the equation, traders are able to analyze historical data when setting their own criteria, auto-hedge against risks, and enter or exit markets in the right quantities and prices - even while they are asleep.
Integrating into one platform
For traders looking to gain even more of a competitive edge on their FX trades, IG's cutting-edge integrated platform brings together the best advanced software in the market to allow for greater control of their dealings. Featuring award-winning solutions like ProRealTime and MetaTrader 4 to enable fast and efficient trading on a user-friendly interface, the platform is widely used by professional and experienced traders to give them the added advantages of better pricing, efficient execution, and enhanced security. As one of the only brokers worldwide to offer an innovative integrated platform like it, IG also provides dedicated 24-hour support.
Built-in access to advanced third-party software
When it comes to algorithmic trading, there is no one-size-fits-all approach that can meet the needs of every trader. Although there are many tried-and-tested strategies out there, such as statistics-led trading, auto-hedging, and high-frequency trading, the ability to create and customize existing ones is crucial for traders looking to capitalise on opportunities on-the -go. To do so, they would require access to the right algorithmic trading software at their fingertips, which IG's platform offers by integrating two leading third-party solutions: MetaTrader 4 and ProRealTime.