FOREX.com launches PlayMaker in MENA region to avoid emotional trading mistakes

Rick Steves

The company has also launched its “0 Commission” campaign to promote a new pricing structure that allows investors to get into trading stocks more easily, in addition to a new set of equities in Mexico.

FOREX.com has introduced an expansion to its Trading Plan tools in the MENA region, which now features PlayMaker, a tool that allows traders build on advanced performance analytics and improve their decision-making process in order to optimize their trading strategies and tactics.

PlayMaker is a performance analytics feature that has previously been released by sister FX and CFD brokerage firm City Index, which along with FOREX.com is a subsidiary of StoneX Group.

FOREX.com’s PlayMaker puts trader in control of their emotions

The new tool is being launched in addition to the previous performance analytics tool GamePlan, and both products enhance traders’ understanding of their trading habits and help them learn from harmful, emotion-based behaviours to rectify their trading strategy.

PlayMaker puts traders in control, as it helps them avoid emotional trading mistakes and assists them with their discipline so they can remain on track with their goals. The live trading tool helps them reduce costly mistakes, with features like Individual Risk, Daily Losses, Open Trades and Trading Streaks.

GamePlan, the other performance analytics tool that is part of FOREX.com’s Trading Plan tool package, helps traders unravel the key strengths and weaknesses that are impacting their trading performances. The tool helps users adjust their trading plan to more achievable goals and features psychological metrics that give traders clear paths to change their behaviours.

Ritu Singh, MENA Director of Stone X Group Inc., said: “We perceive trading as a learning process. The more experience you have, the more knowledge you gain, and the more tools you have access to, the better you will perform. We are empowering traders by giving them access to abundant learning resources, and continuously offering them advanced monitoring, assessment, and analytical tools. They trust us to provide them with the right opportunities and technologies to upgrade their trading performance.”

“50% of all traders in the UAE, are newcomers, a clear sign that this market is growing massively, and we want to be part of it. Active traders in the region have grown significantly over the last two years, reflecting the potential the Middle East market has and the appetite the region has for innovative tools and trading and investment solutions. We plan to invest heavily in the Middle East, and introduce even more innovative products, services and solutions that cater to the specific needs of traders in the region.”

The company has also launched its “0 Commission” campaign to promote a new pricing structure that allows investors to get into trading stocks more easily, in addition to a new set of equities in Mexico.

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