Knowledge is by far the most important resource any trader needs – and the learning never stops. Understanding the foundational knowledge of the stock market, why it works and how you profit from it is just the launching ground. Even seasoned, professional traders continue learning as a way to keep their thinking sharp. The 31FX trading tools keep our traders abreast of events with the help of the news feed and enable them to grasp the details of a particular economic situation and see the market reaction to it.
It’s a fact that tools help increase productivity and improve performance. For centuries, the human race has been evolving through the use of tools.A hundred years ago, one would go to great lengths to get in touch with another person – also a fact. Today, one can easily communicate from the comfort of one’s home using a simple tool – the smartphone. Tools are indispensable in trading. 31FX provides traders with the most advanced trading platform – explore the great possibilities of cTrader – but there are many more powerful tools and features you can use for an enhanced trading experience.
Our analysts examine future economic events on a daily basis to stay way ahead of the announcements of crucial events and get into action in a respective way, so that by the time a certain announcement is made, they will have already estimated the value of asset they are interested in. A simple, but effective way for traders to keep track of information from events, news or statements is to use the 31FX Economic Calendar. By using such a vital trading tool, our traders are able to follow key economic and non-economic indicators, which may provide clues of the direction of the market and also be aware of all the events, expected to influence the movement of a particular currency.
FOREX CROSS RATES
The 31FX Forex Cross Rates tool displays real-time quotes of the selected currencies in comparison to the other major currencies at a glance. This is a very simple tool that which helps our traders gain an overview of what is currently happening in the forex market. Thanks to the Forex Cross Rates Map, we can easily see the weakest and the strongest currencies in real time. We can measure and compare currencies both in pips as well as percentages.
The 31FX Market Overview chart provides a quick glance at the latest market activity across various sectors. The Market Overview chart allows our traders to view the market’s movements from a range of a minimum of a minute a maximum of more than 20 years! The by minute charts allow you to check constant spikes and fluctuations on the market which would be especially helpful for short term trade placements. Daily chart helps you spot specific buy and sell signals while daily price fluctuations in perspective.The weekly chart helps you see longer-term trends. Using the Market Overview charts helps traders distinguish between normal price changes and a true shift in trend.That will prove invaluable when it comes to both pinpointing the best time to buy — and deciding if it’s time to sell or just sit tight.
The 31FX Market Quotes tool includes a detailed overview of global markets performance, including change value (both in absolute and percentage numbers), Open, High, Low and Close values for the selected financial instruments.
The 31FX Cryptocurrency Market Widget is our latest tool for crypto traders and enthusiasts. This widget displays most of the available crypto assets and sorts them based on the market capitalization. The key metrics such as the closing price, total and available number of coins, traded volume and price change percentage are all available at a quick glance.