NetDania is among the most popular and highest-rated online trading software used today by more investors for its versatility and ease of usage. The program offers instant access to live forex quotes and up-to-date international forex rates and access to numerous other financial instruments, including silver and gold more than 20,000 global financial instruments.
The best aspect of this particular program is that it is designed to accommodate both beginners as well as experts in forex trading. This is the perfect program for the individuals who are learning about forex trading.
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Created by a former trader
The Netdania stock and forex trader app were created by a former trader with a background in financial engineering and technology. It offers the latest in technology coupled with years of industry experience. The platform is very user-friendly and includes easy navigation features. An array of technical indicators is also available as well as several charting packages.
These are particularly useful for novice traders and are enhanced by the various guides and tutorials provided with the application. All the various tools and indicators included in the app help traders become more knowledgeable about the market and learn how to monitor it effectively.
Extremely versatile
The program is extremely versatile and can be used for many purposes. It offers highly customizable trading strategies that can be loaded on the platform and run from there. Some of these strategies include the “EOoolhead Strategy” which uses breakouts, pivot points and moving averages to identify possible trading opportunities. Another popular strategy is the “daytrader” which targets low volatility and long positions.
Traders have the option to use either the short or long tabs on the platform. The trader has the option to view the charts of the major financial instruments on the Netdania stock and forex trader website including the Dow, Russell, S&P 500, Nasdaq, Gold, Silver and Energy & Mining industries.
Allows graphs and indicators
The stock and forex apps allow traders to examine the movements of specific currency pairs through the use of graphs and indicators. The analysis is done based on the volume of trading for each pair and how volatile the pair is.
The platform allows traders to make trades in pairs which they believe will gain in value over time. This gives the trader a leg up on the competition and can lead to big profits.
It can be downloaded for free
The stock and forex trader app can be downloaded for free from the Netdania website. If one already owns an iphone or an apple device, then the stock and forex trader app can easily be installed onto the device. Opening the app, one will see several tabs for different markets across the globe.
Depending on the country, the trader intends to invest in, there will be a tab for that particular country. This will also have alerts set up that will send text messages or email alerts when values are changing in that particular market. These alerts are essential because they act as early warnings to change in the value of one currency or another.
Some of these alerts will also send text messages or email when changes are made on the value of one currency in another country. This is why it’s important for traders to keep current on the value of the currencies they intend to trade.
