Innovecture launches TradeVision 2020, a Forex Trading System to help Traders generate income during the Covid-19 pandemic - Benzinga

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Innovecture launches TradeVision 2020, a Forex Trading System to help Traders generate income during the Covid-19 pandemic - Benzinga

Innovecture launches TradeVision 2020, a Forex Trading System to help Traders generate income during the Covid-19 pandemic - Benzinga

Posted: 29 Apr 2020 06:05 AM PDT

Proven trade algorithms built on a simple to use, fast and secure platform

SALT LAKE CITY (PRWEB) April 29, 2020

Innovecture LLC, a Global Technology Services and Products company, announced today the launch of TradeVision 2020, a Forex Trading System for the retail traders. This new system is designed to provide a simple to understand, secure and real time trading indicators for retail traders to maximize their returns in the Forex market. Traders can take advantage of the successful and proven trading algorithms provided via various tools within the system, to trade currency pairs from anywhere in the world.

TradeVision 2020 provides advanced trading tools based on our proprietary algorithms which are usually available only for institutional traders. With this release we have made these trading tools available for retail Forex traders. Some of the key capabilities of TradeVision 2020 are:

Ability to analyze each currency pair via their respective Base and Quote components. Available in multiple time frames and data sets.

Ability to measure trend strength and speed for 17 currency pairs from a single view. Available in multiple time frames and data sets.

Ability to leverage a trading system specifically designed for high-frequency traders.

Ability to utilize institutional level trading signals generated by our tools and data sets. We provide exact entry price with Stop and Limit levels. Single Stop and Limit per trade signal. No scaling or hedging.

"We all are aware that the unfortunate adverse economic impact of the COVID-19 pandemic. Although we cannot control these unfortunate events what we can control is how we react to these events, how we keep a positive attitude and how we improve our physical, psychological and financial well-being by focusing on self, family and society. We are contributing the best we can to empower individuals during these times by giving them trading tools and the required training to take steps towards becoming financially independent" said Shreyas Kamat, Founder and CEO of Innovecture.

"The TradeVision 2020 platform is a result of our in-depth understanding of the currency trading markets, our continuous collaboration with the trading community to identify the exact need of the traders, our expertise in designing complex, large scale technology platforms and the use of state-of-the-art technology. We have a team of currency trading market experts and software engineers working around the clock to ensure that our customers get the best, secure, intuitive user experience and near real-time accurate information." said Dan Campbell VP and CTO of TradeVision2020 platform.

ABOUT TRADEVISION 2020

TradeVision 2020 Trader's Desktop is the central hub where all our trading tools live. Our platform is designed so any trader can navigate the dashboard no matter their experience.

For more information and to become a member, visit https://www.tradevision2020.com

Our tools and technology have been in development for more than 15 years. Our venture is funded by Innovecture, a global technology services company based in Salt Lake City, USA and Pune, India

ABOUT INNOVECTURE

Established in 2007, Innovecture is a Global Technology and Management consultancy company, providing consulting, technology and research services to clients around the world. With a major focus on the banking, financial services and insurance (BFSI) sector, Innovecture has an impressive global presence in providing strategic technology solutions and architecture that enhances the business goals of our clients. Innovecture has been recognized multiple times as a MWCN Utah 100 and Inc. 5000 fastest growing company. Innovecture has been privileged to be a major contributor in digital transformation projects for several Fortune 500 BFSI clients. For more information, visit https://www.innovect.com or find the company on LinkedIn.

Media Contact

For questions regarding this press release or for more information, e-mail Innovecture at jamie.irwin@innovect.com or call at 801-495-7050.

For the original version on PRWeb visit: https://www.prweb.com/releases/innovecture_launches_tradevision_2020_a_forex_trading_system_to_help_traders_generate_income_during_the_covid_19_pandemic/prweb17079382.htm

Important Changes Ahead for Forex Trading in 2020 | My Business - My Business

Posted: 07 Apr 2020 12:00 AM PDT

07 April 2020 2 minute readShare

Promoted by IG 2020 promises to be a particularly significant year for forex traders and businesses, with the outcomes of this year setting the tone for the rest of the decade. Forex traders are required to keep abreast of all political, technological, and economic developments, with even minor shifts in policy having the ability to reshape the trading landscape.

Here are three key areas that will demand forex traders' attention throughout 2020.

Political

If traders want to thrive during times of political uncertainty then it is imperative that they monitor all developments that could affect the value of the world's major currencies. This includes the fractious trade relationship between the United States and China, where protracted disagreements over tariffs could limit the growth of the US dollar.

The United Kingdom is at a similarly crucial juncture in its trading relationship with the EU, with failure to secure a trade deal by the end of 2020 expected to limit the upward mobility of the GBP. Tracking market shifts daily informs long-term strategies, while using accessible trading platforms will help forex traders to manage the climate of uncertainty in 2020. For example, IG's forex platform is available for use at any hour so traders can respond immediately to news emerging from any part of the world.

That is crucial for responding to market shifts driven by the coronavirus outbreak, given the global nature of the virus. While trade disputes have fixed conclusions that boil down to "deal or no deal", the coronavirus outbreak is harder for investors to manage. It is almost impossible to predict the lasting effect of the virus on economies and currencies, so forex traders will have to be ready to react to the latest developments.

Cryptocurrency

Cryptocurrency trading has become increasingly regulated, but its popularity shows no sign of diminishing. This has inspired many forex brokers to diversify their services to include cryptocurrency trading options. While cryptocurrency trading operates in a similar manner to forex trading, market movements are traditionally harder to anticipate.

While shifts in the value of a currency are driven by political and economic developments, fluctuations in cryptocurrencies are responsive to trends in the world of IT. These trends are generally harder to understand for traders, and not through any fault of their own; there are decades of data on foreign exchange markets, but cryptocurrency's relative newness means that the markets remain very volatile.

However, new technology should be introduced in 2020 and beyond to ensure that cryptocurrency markets provide a more mature and realistic trading experience. This could include the introduction of further trading pairs that match cryptocurrencies with more predictable fiat currencies, grounding these digital coins in a more relatable context.

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Oil

Brent crude oil prices can have a huge impact on the global economy, given that so many nations are reliant on oil as an imported energy source or a key export. When oil prices rise, it can drive currencies like the USD down in value, so forex traders should monitor all of the policy decisions set forth by the Organization of Petroleum Exporting Countries (OPEC).

The coronavirus outbreak will have a long-term effect on the oil trade. Even when production starts to rebound after the destruction of the virus, the oil industry will be recovering from a period of reduced revenues. Economic stagnation following the outbreak will reduce demand for oil, which could therefore send prices spiralling upwards for an extended period.

This is why it is particularly important for forex traders to keep track of developments in the worlds of politics, technology, and trade. While 2020 may be a challenging year, traders have more tools at their disposal than ever before. With 24-hour trading platforms and the increased connectivity promised by 5G networks, forex traders will be able to respond quickly and effectively to news breaking from anywhere in the world. 

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WARNING: Be careful with Forex trading platforms during lockdown - IOL

Posted: 16 Apr 2020 06:45 AM PDT

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial-related business with forex trading platforms that promise an income stream during the Covid-19 lockdown. 

It was brought to the attention of the FSCA that some forex trading platforms are telling the public that risks associated with forex trading are quite low and that people with limited trading experience can earn a steady income in volatile financial markets. These platforms also offer CFDs (Contract for Difference), a highly leveraged financial product that could result in significant losses. 

Even though these trading platforms offer demo accounts, these accounts have been set up to simulate normal trading conditions that would lead to favourable outcomes, and do not simulate the high volatility the financial markets are currently experiencing. Although some of these Financial Service Providers (FSPs) are licensed under the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), this is not enough, they also need to be licensed as ODPs (OTC Derivative Providers) in order to trade CFDs. 

Members of the public should always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide. There are instances where persons are registered to provide basic advisory services for a low risk product and then offer services of a far more complex and risky nature. 

The FSCA again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA on either the toll free number (0800 110 443) or on the website www.fsca.co.za as to whether or not such institution or person is authorised to render financial services. 

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