Saxo Bank launched Trade Navigator on TradingFloor.com

30-5-2013 — /europawire.eu/ — Saxo Bank, the multi-asset online trading and investment specialist, has launched Trade Navigator on TradingFloor.com, a new trading tool that provides daily technical insight into around 200 instruments.

By amalgamating several known and widely used technical indicators into one easy to use overview Saxo Bank provides the tools that enable traders a quick look up and guide to where to buy and sell assets but also give them the insight they need in order to make informed decisions and manage risk.

Through the use of pivot points traders can use Trade Navigator to set stops, take profits and make entry points for daily trading on over 200 instruments within Forex, Commodities, Bonds and Equities. The new tool is built around daily pivot points to indicate when to trade but it also uses the relative strength index (RSI), break outs and Bollinger bands:

• The relative strength index is used together with other technical indicators to signal when a security is overbought or oversold  – thresholds that can be set as desired
• Break outs are based on the Donchian channels that indicate a multi-period trading range – if the price breaks through the multi-period high or low this may confirm that a new trend is in place
• Bollinger bands are used as a tool for both confirming momentum or a reversion towards the mean
• Using Average True Range (ATR) which is a measure of volatility the Navigator gives the user the ability to determine what would be an appropriate exposure when initiating a trade.

Ole Sloth Hansen, Vice President at Saxo Bank, comments “Trade Navigator is a vital aid to help our clients refine their trading strategy.  With this new tool we now not only provide our clients with the best tools to execute trades but complement these with the best tools to inform their trading activities. This new tool is another example of our focus at Saxo Bank on developing usefull tools to facilitate precision trading.”

The Trade Navigator is available every day on TradingFloor.com

Media enquiries

Kasper Elbjørn
Head of Group Public Relations
Saxo Bank
+45 3065 4300
press@saxobank.com

MHP Communications
+44 (0) 203 128 8560
saxobank@mhpc.com

About Saxo Bank

Saxo Bank is a leading online trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated multi-asset trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoTrader app. The platforms are available in over 20 languages and are white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, the Saxo Bank Group is headquartered in Copenhagen with local offices in 25 countries throughout Europe, Asia, Middle East, Latin America, Africa and Australia.​