Forex Broker Tadawul FX Launches Autochartist Tool for Traders

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January 30, 2012
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Forex Broker Tadawul FX Launches Autochartist Tool for Traders

LIMASSOL, Cyprus, January 30, 2012/PRNewswire/ --

    Tadawul FX Ltd, the online forex and commodities broker, is excited to announce the
release of its newest service Autochartist, to further facilitate traders with decision
making when trading currencies and CFDs in the market. The Autochartist tool automatically
identifies price chart patterns on over 3000 instruments and is available free to all live
account clients with a balance of 50 USD or more.

    Tadawul FX, the European licensed and regulated investment firm, has enjoyed great
success within the forex industry since its establishment, further backed up by a record
year in 2011, despite the financial turbulence in the markets. With a global trader base,
the premium currency trading services offered by the company are now enhanced with this
new addition to the tools it provides to clients, in line with the quality of service
Tadawul FX is known for.

    The Autochartist tool has the capacity to identify price chart patterns including
head-and-shoulders, triangles and wedges on over 3000 trading instruments (Forex, Futures,
CFD, Spread Betting and Equities). Once a predefined pattern has been identified, the
trader is alerted allowing a respective response to be taken in a fast and efficient
manner and ensuring better trading opportunities and risk mitigation. The time efficiency
offered by the tool makes it ideal not only for advanced users but beginners also, as it
easily identifies chart and Fibonacci patterns. Autochartist is widely known as one of the
best automatic identification tools currently offered in the industry and claims an
accuracy rate of 70% of price breakout and forecasts.

    Offered to all live account clients at Tadawul FX for free, Autochartist is available
either by plug-in to your MT4 platform or via the Web Application by drag dropping the
script onto a chart. Either will result in a clear overlay of price targets and patterns,
allowing the trader to make better informed decisions with increased speed and efficiency.
Autochartist is currently available in 14 languages.

    Commenting on this latest tool offered to its clients, Stavros Yiannakou, Chief
Executive Officer of Tadawul FX, says: "At Tadawul FX, we are committed to ensuring our
traders have the best tools available to keep them well informed on the markets and help
them trade as efficiently as possible. This latest addition to our trading services,
following the launch of our successful Meta Trader 4 mobile trading applications, is again
a key tool for our traders to quickly spot trends and trading opportunities they wish to
invest in or opt out of respectively."

    The Autochartist service is available immediately for all live account clients with a
balance of 50 USD or more and interested traders are invited to contact their Account
Manager or to read more about how start using the Autochartist service here:
http://www.tadawulfx.com/public/market-information/Autochartist-Chart-Patterns.html

    About Tadawul FX:

    Tadawul FX Ltd is an online forex broker [http://www.tadawulfx.com ]. Tadawul FX Ltd
is licensed and regulated by the Cyprus Securities & Exchange Commission (license number
103/09) and is also registered with the UK Financial Services Authority (FSA)
[http://www.fsa.gov.uk/register/firmBasicDetails.do?sid#5395 ] with registration number
516667, as well as the German regulators BAFIN
[http://www.bafin.de/cln_161/nn_720494/SharedDocs/Unternehmen/EN/12/32/123252.html?__nnn=true ]
(Reg 123252).

    To learn more about the Autochartist service available at Tadawul FX for all funded
live account traders, please visit
http://www.tadawulfx.com/public/market-information/Autochartist-Chart-Patterns.html

   
    For more information, visit http://www.tadawulfx.com or contact Tadawul FX at
    support@tadawulfx.com or telephone: +357-25-200-920.

    Tadawul FX Ltd
    http://www.tadawulfx.com
    email marketing@tadawulfx.com
    Tel +357-25200900

Source: Tadawul FX

Kate Alippa, Head of Marketing & PR

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