BDSwiss launches proprietary performance analytics tool Trade Companion
Leading multi-asset financial services firm BDSwiss has announced the launch of its proprietary performance analytics tool – Trade Companion. Designed to provide traders with the insights they need to monitor, analyse, and improve their personal performance, Trade Companion is the latest addition to BDSwiss’ extensive trading tools arsenal.
Since its inception in 2012, BDSwiss has attentively listened to the feedback and needs of its traders, in an effort to diversify and improve their trading experience; and while traders have long enjoyed access to a great number of aids for analysing and interpreting market trends, they were lacking a tool that offered personalised analysis on real-time data derived from their own trading performance. To address this need, the BDSwiss Business Intelligence team has conceptualized, designed, and developed Trade Companion.
After rigorous testing and the release of a beta phase to a select group of BDSwiss clients, Trade Companion is now available exclusively for VIP and Raw account holders as a free virtual trading mentor.
A Cutting-edge Personal Analytics Tool
Trade Companion allows BDSwiss existing traders to observe underlying patterns in their trading. By examining their own trends, such as their ‘win-loss percentage’, ‘pay-outs’, and ‘most traded assets’, traders can now refine their trading strategies and make the most out of potential market entry points as they appear.
Trade Companion evaluates closed positions and presents these personal analytics in comprehensive, straightforward chart formats. The aim of this innovative tool is to offer traders an overview of their trading history and performance by displaying their preferred trading times, most used position types, and more.
Available directly on the BDSwiss Dashboard, Trade Companion equips traders with key performance metrics, including:
● Asset Analysis: A comprehensive analysis of which assets resulted in trading wins and/or losses over a select time frame, along with pay-outs. This allows traders to make informed decisions on which assets to include in their portfolios and where to allocate funds.
● Personal Trading History: An overview of volume, pay-outs, and profitability ratios that helps traders understand which asset classes they traded the most, and which trades resulted in maximum wins. As CFDs allow traders to access opportunities in both rising and falling markets, analysis on which positions performed better can help traders plan their next moves more efficiently.
● Analysis of Trade Durations and Times: Featuring scores of useful data, such as the impact of market opening times on trading performance, duration and profitability of open trades, order types, and more, these key metrics can help traders identify which trading times, market sessions, and order types have benefited them the most and are best suited for their trading strategies.
Committed to Addressing Traders’ Needs
Featuring sophisticated platforms and a variety of trading tools, BDSwiss is always innovating in an effort to help its traders and partners make the most out of the global financial markets. Awarded “Best Market Research Provider 2021” by FxScouts, the company believes that the most strategic trading decisions are a result of proper research and education.
BDSwiss’ latest tool, Trade Companion, offers traders the personal insights they need to identify their areas of improvement, trade with greater confidence, and unlock their true potential.
BDSwiss Chief Commercial Officer, Manos Iosifakis commented on the launch:
“We all tend to have a biased view of our own performance. Our decision-making is less rational than we think, and that’s where Trade Companion comes in. Trade Companion can be seen as a virtual private trading mentor of sorts, and we are delighted to be offering our clients a unique tool that enables them to gain deep personal insights into their own trading patterns and performance so they can establish more successful habits.
Having access to a visual representation of trading performance is useful in analysing personal trading patterns and in identifying what elements of one’s strategy need to be tweaked. As the only tool of its kind on the market, Trade Companion is a testament to our long-standing commitment to our clients’ success and our continuous efforts in offering the most contemporary trading tools available in the market.”
BDSwiss is a leading financial services group of regulated entities, offering bespoke CFD trading and investment products to more than 1.5 million registered clients, in over 180 different countries. Since its inception back in 2012, BDSwiss has been providing top-class products, a wide range of platforms, competitive pricing, and fast execution on more than 1000 underlying instruments including leading company stocks and ETFs at direct market access as well as hundreds of CFDs including forex, shares, commodities, and indices. BDSwiss complies with a strict regulatory framework and operates its services on a global scale under a number of different licenses and registrations.