MahiFX introduces new graphical indicators, overlays and trend lines along with charting components to enable traders to zoom, draw and trade directly on interactive charts
London (PRWEB UK) 15 May 2012
MahiFX, the proprietary-built retail foreign exchange (Forex/FX) trading platform, has today released a new suite of charting components and market-timing technical analysis features and indicators. The platform enhancements are intended to equip traders with the tools required to better interpret currency graphs and to execute more informed trading strategies. The new charting package also provides MahiFX traders with the ability to zoom, draw and trade directly from the interactive charts.
MahiFX is headed by David Cooney, former global co-head of currency options and e-FX trading at Barclays Capital and responsible for the award winning e-commerce platform BARX and Susan Cooney, former head of electronic FX institutional sales in Europe for Barclays Capital. Operating as a market maker, MahiFX challenges the traditional broker model by providing institutional level technology and pricing to retail FX traders.
Commenting on today’s release David Cooney, CEO said: “Our ambition is to provide traders with the best possible trading platform. We intend to continually engineer and evolve the platform based on our clients’ feedback. This first major release since our launch two months ago is a direct result of conversations we have had with our clients; conversations which have highlighted just how important charting and technical analysis tools are to them.”
The new fully customisable charting and technical analysis features provide traders with Indicator, Overlay and Trend Line tools to analyse and interpret currencies and movements in real-time. MahiFX traders can now examine trends by deploying trend-following Moving Averages indicators including Exponential Moving Average (EMA) or the Weighted Moving Average (WMA) or utilise other trend indicators such as the Parabolic Stop and Reverse system (PSAR) and Donchian Channels. Momentum indicators such as the Relative Strength Index (RSI) and Rate of Change (ROC) are among many that traders can utilise to assist in trading ranging and trending markets and to determine preferred entry and exit points.
MahiFX also features a popular ‘Quick Order’ functionality which gives traders the ability to post bids and offers very close to or even inside the spread with only a couple of clicks.
Accompanying today’s release, MahiFX has refreshed its home page, uploaded video interviews with David Cooney and provided Indicator tutorials for traders less familiar with technical analysis or for those seeking a refresher course.
MahiFX has also recently launched a blog providing the Forex community with a portal to share industry news, opinion, trends and trading strategies. Current posts include: “The fuss about Forex Scalping” and “The big FX myth: do Market Makers trade against me?” Forex-industry related guest blog entries are welcome and can be submitted at blog(at)mahifx(dot)com
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Notes for Editors:
About MahiFX – the new forex trading platform
MahiFX launched its new proprietary-built browser-based foreign exchange (Forex) trading platform in February 2012.
Developed by a team of ex-interbank traders, analysts, statisticians and developers, MahiFX provides retail FX customers access to the same tight spreads and cutting edge technology as institutional FX traders. Prices are tradeable – there are no ‘from’ prices, hidden costs, slippage, re-quotes or minimum trade sizes.
MahiFX global operations are headquartered in Christchurch, New Zealand with offices in London, UK with development and support teams in both locations for 24 hour service. The company is regulated by The Australian Securities and Investments Commission (ASIC), Australia’s corporate, markets and financial services regulator.
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Michele (Lewis) McDermott-Fox
The Top Floor Agency
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