Stocks & Commodities V. 25:10 (62-63): Product Review: TradesStation 8.3 by Jayanthi Gopalakrishnan
Product Description
Product Review: TradesStation 8.3 by Jayanthi Gopalakrishnan
Last issue I introduced you to some of the features available in the newest version of the TradeStation trading platform. Since then I have examined some others, such as foreign exchange trading and applying trading strategies to your tradables. The forex trading is a recent addition, giving TradeStation’s forex trading clients the ability to automate trading strategies based on interbank spreads. That’s an unusual thing for a broker to provide, since the usual scenario for a forex broker is to base trades on bid/ask spreads that are wider than the spread quoted by the banks. So TradeStation is offering their customers tighter spreads.
Another aspect of the recent forex addition is that you can set your base currency. This means that all quotes, stop-losses, profit targets, and so forth will be displayed or defined in the currency you fund your account with.
Last issue I introduced you to some of the features available in the newest version of the TradeStation trading platform. Since then I have examined some others, such as foreign exchange trading and applying trading strategies to your tradables. The forex trading is a recent addition, giving TradeStation’s forex trading clients the ability to automate trading strategies based on interbank spreads. That’s an unusual thing for a broker to provide, since the usual scenario for a forex broker is to base trades on bid/ask spreads that are wider than the spread quoted by the banks. So TradeStation is offering their customers tighter spreads.
Another aspect of the recent forex addition is that you can set your base currency. This means that all quotes, stop-losses, profit targets, and so forth will be displayed or defined in the currency you fund your account with.
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