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LiteForex Enhances Services Offering with Autochartist

We haven't heard for quite some time from LiteForex, the Seychelles-based Forex and CFD broker, but meanwhile the company has been beefing up the lineup of services. Yesterday, the broker announced the addition of Autochartist, the pattern recognition and chart analysis tool, to the list of services one can use while trading on the Metatrader 4 and Metatrader 5 platforms.  
The service is available for free for all clients of LiteForex and one can easily download the app and use it on the platform of choice. Many of you must be familiar with the Autochartist functions and capabilities, as the tool is already offered by more than 40 Forex brokers that support MT4. By the way, Autochartist works on other trading platforms too, including tradable and ActTrader thanks to last year's partnerships. 
But back to our current subject of interest. Once you install Autochartist onto your trading terminal with LiteForex, you can make use of various perks, including pattern recognition – you no longer have to worry about your own knowledge of trends, for example, as the tool will indicate whether there is a trend and in which direction it's going. Moreover, this is a signals program which you don't have to monitor constantly – it will automatically inform you about certain events on the charts of selected instruments. For instance, Autochartist will inform you about any breakouts of the support and resistance levels. And as the program is compatible with the indicators on the MT4 and MT5, you may simply use it along with them.
To use Autochartist, you need to have an account with the broker – there are six account types on the menu, with the Lite and Real accounts valid for the MT4 and MT5 platforms. The Lite accounts are very good for newbies, as they are cent accounts, allow trading with micro lots and a minimum deposit of as little as $1. The Lite and Real accounts come with fixed spreads – they are a bit high, with the spread for the EUR/USD pair at 3 pips. 
Autochartist is a key tool that helps traders who are not confident in their technical analysis knowledge – they may rely entirely on it or simply use it to confirm their own decisions. There's nothing astonishing then that Autochartist is of vital importance when it comes to client retention. 

About Autochartist

Autochartist is one of the world's leading automated technical analysis providers. Autochartist's proprietary technology allows it to monitor thousands of financial instruments 24 hours per day and uncover potential trading opportunities. Autochartist's research is grounded in technical studies that gauge psychological behaviour in the markets. Research produced by Autochartist can be used across a wide range of instrument classes by trend traders, swing traders, short and long term traders. The mathematical approach applied makes Autochartist a leading source of unbiased technical opinion and potential trading opportunities.

About LiteForex

LiteForex Company was established in 2005, aiming to make the Forex market an accessible, safe, easy and profitable place. With this in mind, the brokerage was the first to offer cent accounts with an initial deposit of 1$.  
At present, LiteForex is among the leading FX brokers offering services to traders with all levels of expertise from across the globe. It is on the list of top 100 companies according to World Finance.
TAGS: liteforex  liteforex forex broker  autochartist  free autochartist  technical analysis  forex software  pattern recognition  forex trading  forex analysis  forex charts  mt4  mt5  metatrader  forex platform 

More news about LiteForex

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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