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Interbank FX Creates Custom Clarity for Forex Traders with New Free IBFX Mini Monitor Tool.


IBFX Mini Monitor Tracks Four Popular Indicators across Six Charting Time Frames, So Traders Have More Time for Higher-Level Technical Analysis

SALT LAKE CITY -- In its continued effort to help forex traders make faster, clearer trading decisions, Interbank FX (IBFX) has expanded its offering to include its Mini Monitor tool.

One of nine free tools Interbank FX offers traders in the off-exchange retail foreign currency (forex) market, IBFX-Mini Monitor helps create more customization of key technical indicators.

"Considering every trader typically has their own unique trading style, their need to quickly employ it without getting bogged down analyzing multiple technical indicators is essential to their success," said Todd Crosland, IBFX Chairman and President. "By offering our trading and education tools like IBFX-Mini Monitor for free, we are helping forex traders continually find unique opportunities to better their chances of reaching their trading goals."

Through research and feedback from traders, IBFX found that four key technical indicators are the most accepted and widely used for monitoring and projecting. They are:

* Moving Average Convergence Divergence (MACD)

* Awesome Oscillator (AO)

* Relative Strength Index (RSI)

* Stochastic (STOCH)

Using the four indicators, Mini Monitor helps traders design a custom program capable of monitoring each indicator. IBFX-Mini Monitor will keep its "eye" on each of these indicators and post the results on the traders' charts. The tool adds a table to the top of charts reflecting its focus on six charting time frames and then notifies the trader of indicator projections across each of the time frames.

To further customize and incorporate a trader's preferences when using the four indicators, IBFX Mini Monitor allows for custom inputs on each indicator. For example, a trader may prefer a specific variable on his or her MACD. The main purpose of IBFX-Mini Monitor is to let it take care of the majority of the basic analysis, thus creating clarity and giving the trader more time and ability for other paramount forms of technical analysis.

IBFX-Mini Monitor is available now for free download at www.interbankfx.com. In order to use the tool, traders must have either a live account (full IBFX-Mini Monitor functionality) or a demo account (limited IBFX-Mini Monitor functionality).

For more information please visit the following:

IBFX-Mini Monitor:

http://www.interbankfx.com/Tools/MiniMonitor.aspx

IBFX Trading Tools:

http://www.interbankfx.com/Tools/ExpertAdvisor.aspx

About IBFX

IBFX (www.interbankfx.com) is a Futures Commission Merchant (FCM), registered with the Commodity Futures Trading Commission and a member of the National Futures Association (NFA). IBFX has customers in over 135 countries. IBFX offers individual traders, fund managers and institutional customers proprietary technology and a revolutionary approach to foreign exchange trading. IBFX customers execute directly from a streaming quote feed, not from a dealing desk that trades against its customers. IBFX also offers one of the only automated trading platforms in the world. Customers can program their own algorithms that will automatically enter and exit trades based on their trading strategy. IBFX Wireless provides customers the flexibility to monitor, modify, execute trades and receive alerts anywhere in the world. Through IBFX's partnership with leading worldwide institutions, traders have access to liquidity from 1,000 to 10,000,000 of the base currency with one click execution. Customers can trade micro, mini and standard lots. IBFX is committed to maintaining a high standard of service that enables customers to focus on trading opportunities in the Forex market while limiting their margin and liquidity risks. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investing and should only be attempted by experienced traders.
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Aug 23, 2007
Words:598
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