KUALA LUMPUR, MALAYSIA -
Media OutReach Newswire - 28 June 2024 -
Octa's
mission as a global broker is to make trading more accessible and
understandable. Catering to the most popular demands of the traders'
community, the Octa team has enhanced its proprietary trading platform,
OctaTrader, by adding Space, a new toolkit in the OctaTrader ecosystem.
Space is a customisable analytics hub built into the OctaTrader
interface as a curated news feed. This feature is designed to empower
traders by offering them timely market insights for each of their
favourite tradable instruments.
Leveraging modern technology to create a friendly and accessible trading
environment, OctaTrader focuses on providing a low entry threshold to
less experienced traders and facilitating the overall trading experience
with data-driven tools. Space perfectly aligns with this goal, offering
a great way to validate and substantiate your trading ideas.
Now, suppose you read the financial news, analyse the current market
situation, and come to certain conclusions about the upcoming market
movements. However, you lack practical trading experience and still have
doubts about whether it is time for you to create an order or wait
until a better opportunity arises. In other words, you need a second
opinion. This is where Space comes in handy: it offers timely and
personified analytical posts from Octa's experts with trading ideas
relevant to your trading style. This toolkit allows you to validate your
ideas, make necessary adjustments, and copy the insights you like into
your chart.
Not by tips alone
In addition to expert predictions, Space offers valuable educational
materials that allow you to step your trading knowledge up a notch and
start thinking about trading in terms of time-proven historical patterns
and sound logic. With Space, OctaTrader offers a more effortless,
data-driven trading experience and helps you save time and cognitive
effort, translating into higher efficiency and better results.
Octa's team has researched traders' preferences and behaviours. By
implementing best global practices and covering the most popular
traders' demands, Octa has made its trading platform into a
comprehensive solution that combines all stages of the traders' journey:
financial transactions, education, trading, analysis, networking, and
social interactions.
OctaTrader provides a smooth workflow across all devices so that you can
pick up your trading session on mobile from where you left it off on
your desktop. Moreover, with OctaTrader, you won't need to switch
between tabs or applications: the whole trading journey is now
encapsulated within a single solution.
Putting theory into practice
As a customisable news feed, Space consists of numerous channels, each
dedicated to a popular tradable asset, including currency pairs.
Thematic channels also feature specific market trends that have caught
your attention recently or promising patterns that seem worth looking
into. Space contains a continuously updated library of expert-curated
educational content with a focus on various methods of technical
analysis, including candlestick patterns, resistance and support lines,
trends, and chart figures, as well as their specific features and use
cases. Clients can tap into either fundamental or technical analysis
feeds to validate their decisions and strengthen their understanding of
market concepts and mechanisms. With market signals, rich educational
content on each of the popular instruments, and feedback on analytical
posts from other users, Space creates an engaging field of opportunity
where you can learn, explore, and make trading decisions with
confidence.
For those willing to immediately apply market insights to their charts
and open orders based on the ideas from the feed, Space has the Trade
button—it allows you to transfer the idea from the feed to your chart in
a couple of clicks. After that, you can set up Stop Loss and Take
Profit orders right on the miniature graph—and create a safety net for
yourself using this popular risk management tool.
Space makes an emphasis on facilitating the decision-making process,
making it more data-driven, transparent, and efficient. This toolkit
allows you to improve on your strategies and minimise financial risks
while trading with confidence and precision.
Consistent trading success is based on three main elements: solid
theoretical knowledge of general market concepts and mechanics,
extensive hands-on experience, and confident decision-making.
OctaTrader, Octa's all-in-one trading ecosystem, provides access to all
three via Space, the customisable ideation hub built into the OctaTrader
application.
A continuously evolving trading solution, OctaTrader regularly receives
updates aimed at covering more ground in terms of functionality and
proactively responding to the demands of Octa's clients. To help traders
make the most of OctaTrader's analytical features, Octa has recently
introduced the new leverage option of 1:1000, which is currently
available to all clients. The new leverage option offers greater market
opportunities, allowing you to open larger positions with a smaller
capital investment.