Global forex broker enhances its technical analysis offering, including professional tools for Elliott Wave Theory
SINGAPORE, Sept. 3, 2014 /PRNewswire/ — OANDA, a global provider of innovative foreign exchange trading services, is pleased to announce its partnership with Toronto-based MotiveWave Software, a developer of easy-to-use high-performance charting and trading software for the self-directed technical trader. MotiveWave is a full feature trading platform that provides advanced charting and market analysis.
The MotiveWave platform supports a wide variety of analysis techniques, including Elliott Wave Theory, Fibonacci, Gann and Linear Regressions, as well as general analysis (channels, trend lines, ranges). The platform offers more than 250 built-in studies/indicators and 30 built-in trading strategies, with native support for multiple monitors and compact charts designed to maximize screen real-estate.
"Technical analysis is a key component to any forex trading strategy and our partnership with MotiveWave Software provides our clients with added professional analysis tools," said Trevor Young, Vice President of Product Management, OANDA Corporation. "In addition to providing support for complete Elliott Wave Theory, the MotiveWave toolset also offers innovative features such as pattern recognition, advanced scanning, strategy backtesting/optimization and highly advanced alerts."
MotiveWave is currently available in four different editions, designed to meet individual trading needs, experience and budget.
"As a broker with a strong focus on trading education, an industry-leading platform, and transparent business practices, OANDA and MotiveWave share similar company values to the benefit of all of our clients," said Tony Lindsay, Founder, MotiveWave Software. "We are proud to be a part of OANDA’s partner program and to offer advanced technical traders the power to analyze and interpret massive amounts of market data."
An overview of the console can be viewed here.
About MotiveWave Software
Founded in 2010, MotiveWave Software is a developer of easy-to-use high-performance charting and trading software for the individual active trader. Built with the individual trader in mind, the company’s trading platform, MotiveWave, provides advanced charting and market analysis that enables traders to easily execute their trading decisions accurately and efficiently through its intuitive charts and trading screens and order management capabilities. Based in Toronto, ON, MotiveWave Software is continually invested in product development to make MotiveWave the best trading software available.
OANDA transformed the business of foreign exchange through an innovative approach to forex trading. The company’s industry leading online trading platform, fxTrade, introduced a number of firsts to the marketplace, including immediate execution; instant settlement on trades; trades of any size between one unit and 10 million units; and interest calculated by the second. The company’s many awards attest to the power and flexibility of its trading platform. In 2013, OANDA was honoured with nearly a dozen awards, including Best Trade Execution Provider, Best Retail Trading Platform and Best Mobile Trading Platform by International Finance Magazine; as well as Best Value for Money by Investment Trends in each of the U.S., UK, and Asia Pacific markets.
OANDA was also amongst the first online providers of comprehensive currency exchange information, and today the company’s OANDA Rate® data provides benchmark rates for corporations, auditing firms, and global banks.
OANDA has eight offices worldwide, in Toronto, Chicago, New York, Boston, London, Singapore, Tokyo, and Sydney. OANDA is fully regulated by the U.S. Commodity Futures Trading Commission (CFTC), the U.S. National Futures Association (NFA), the Monetary Authority of Singapore (MAS), the Investment Industry Regulatory Organization of Canada (IIROC), the UK Financial Conduct Authority (FCA), the Japanese Financial Services Agency (FSA), and the Australian Securities and Investments Commission (ASIC).
About OANDA Asia Pacific
This information is made available to you by OANDA Asia Pacific Pte Ltd. OANDA Asia Pacific Pte Ltd holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore and is also licensed by the International Enterprise Singapore. Co Reg No. 200704926K. Trading in leveraged over-the-counter contracts for foreign currency, precious metals, and CFDs carries a high level of risk and may not be suitable for all investors. You should never put at risk any amount that you cannot afford to lose. More details under: http://www.oanda.sg/legal/risk-warning
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