application Archives - MKTPlace https://mktplace.org/tag/application/ all about trading, Fintech, Business, AI & technology in one place Thu, 18 Mar 2021 22:08:14 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://mktplace.org/wp-content/uploads/2021/03/favicon.png application Archives - MKTPlace https://mktplace.org/tag/application/ 32 32 How ‘Tradimo Play’ ApS Integrates Gamification and Trading https://mktplace.org/how-tradimo-play-aps-integrates-gamification-and-trading/ https://mktplace.org/how-tradimo-play-aps-integrates-gamification-and-trading/#respond Fri, 12 Dec 2014 07:00:31 +0000 http://www.tradersdna.com/?p=32660

“Games are the new normal” Al Gore

Many companies are now focusing their attention on developing useful applications by integrating two or more fields. Combining the concepts of multiple fields to solve a common problem has become quite common in this day and age. The companies who experimented with this formula have also attained success and that has inspired other companies to follow suit. This might look odd to many but it is effective and has proven its worth by providing brilliant solutions to complex problems.

Tradimo Play ApS

The latest experiments in the series of events are being done to fuse gamification with trading. A new company known as Tradimo Play ApS has developed gamification tools to take trading to the ever expanding gaming community and to anyone who wants to learn trading concepts. Tradimo Play ApS has also tried to cater to the people who prefer mobile devices by launching its mobile app for popular mobile platforms which has managed to gain the attention of major brokers and traders.

The company has diverted all its energy towards bringing something new to the market and has succeeded in doing so in the form of its latest gamification tools. Innovation and creativity is what they are striving and wants to give something unique and refreshing to their clients which is the right way to go especially in today’s competitive world.

Gamification

Gamification is thinking and applying game elements in non-gaming environment to solve major problems. The main purpose of gamification is to ensure user participation and it has succeeded in achieving that goal. It is used in many different fields, from education to entertainment. It is focused on main players and how they act in a game situation. A concept of reward is also there to motivate the player in achieving their goals.

Internet as a Medium

People who like to trade frequently are still using chat rooms and other instant messaging platforms to stay up to date with the latest happenings and indulging in discussion of hot topics. While the brokers have extended their reach and increased their customer base, many new traders are still not familiar with investments and stocks.

Online Trading and Gamification

Online trading has started to look more or less like role-playing games if you analyze closely. You will have to make decisions that could bring about a change, for example losses and savings. The popularity of online trading will grow in the years to come which will give an opportunity to companies like Tradimo Play ApS to develop gamification tools and capture a large market share with their handy tools for trading.
Social media has helped traders in interacting with the stock markets in a more reserved way. Times have changed and now you don’t need exclusive access to read experts opinion and predictions. Many traders believe articles posted on social networking sites such as Facebook and Twitter influence business and the trading decisions they take today.

Some might not agree with the idea of integrating real world with virtual world, especially when your money is at stake. They argue that in-game situations won’t match with real-world situations and both are completely different. A loss in the game would not hurt you but a loss in business and trading will hurt you bad because you will lose your hard-earned money in the process.

Trading decisions are still made on the basis of trade signals and not only on the articles which traders read on social media. Frequent traders know where to look when it comes to finding the latest news and to know more about trends but it might be a problem for new or part-time traders. Gamification elements could come in handy in rating forums for authenticity and credibility so that part-time traders could easily select the right trading forum to learn what is happening in the world of trading.

Social media has sped up the gamification process of the online trading market. It will take time but gamification and online trading together does have a bright future and could benefit many traders. Proper execution using the tools could even turn critics into supporters. People would be slow to react initially but with the passage of time things are bound to change.

]]> https://mktplace.org/how-tradimo-play-aps-integrates-gamification-and-trading/feed/ 0 ForexFactory.com: Site Overview https://mktplace.org/forexfactory-com-site-overview/ https://mktplace.org/forexfactory-com-site-overview/#respond Sat, 04 Oct 2014 06:00:43 +0000 http://www.tradersdna.com/?p=32203

Forexfactory.com is an immensely popular Forex trading website on which a majority of traders converge and trade. Forex Factory was established in March 2004. The website was uniquely designed and developed to provide traders top-notch information they can use and implement to make hefty profits. And according to Alexa, Forex Factory is the most viewed Forex trading website in the US and ranks at 1,242 in the list of most viewed websites around the globe.

And it is because of the website’s impeccable design and its uncompromising efforts to provide traders better options, top financial products, and features, which has resulted in the website’s considerable growth and success. Options like adjustable time zones, which enables Forex traders to look and gather important trading information in their own time zones. It also provides traders revolutionary features like Google-based worldwide search, gathering via member post history which makes obtaining information simpler.

Forex Factory also has a Member Impact Ranking System (MIRS) which can be instrumental in gaining opinion and in-depth analysis of various trades through different members. You would be amazed to know that all of these features and options have consistently been refined and made better for more than ten years now, providing traders the richest of trading and investing experiences.

Members of Forex Factory are considered among the most brilliant minds in trading across the globe. Their knowledge, experience and strategies are what make the Forex trading experience here an oasis compared to other platforms. Moreover, people from over the world come and trade on Forex Factory regardless of their creed or nationality which in turn promotes a productive trading environment.

It is important to understand that Forex Factory cannot be considered a social networking platform and neither is it a web portal. It’s quite simply a website designed and developed to provide state of the art features in trading and high quality trading information to all who want to participate in Forex trading.

ForexFactory for Clever Businessmen

If you are an aspiring trader or want to become a successful one, it is important you join Forex Factory. That is primarily because it is designed specifically for traders who are smart, sure of themselves and not afraid to lose. The website guides rookie traders on how to make educated trades and staying risk free at all times.

Products Offered by Forex Factory

Mentioned below are the names and brief descriptions of some of the products offered by Forex Factory:

Forums | Launched March 2004

Did you know that more traders post on ForexFactory forum than on any other platform around the world? That is because at Forex Factory forums, traders from across the world gather and talk about trades, orders and different aspects of Forex trading. Trading forums here offer a professional environment where traders bounce ideas and opinions off each other, learn, debate and compete against each other.

Market | Launched November 2009

This product consists of different applications, including charts, broker quotes, composite quotes and sessions. All these applications are powered by the Market Data System of Forexfactory.com. The Market Data Structure or MDS is a complex trading infrastructure designed to gather aggregate data from different brokers, all in real-time. By amalgamating these sets of data from different sources, the MDS allows for traders to gain access to the ‘true’ price which can be set in comparison to prices from other brokers. What this does is promote a stable trading environment in a volatile market.

Trade Explorer | Launched February 2011

The Trade Explorer application is basically a web oriented interface which enables traders to evaluate and monitor their trading output and efficiency. You can say that it is a trade measuring tool which allows you to analyze your historical trade performance. Trade Explorer also automatically integrates with the individual trader’s brokerage account to allow him access to real-time evaluative abilities.

Trade Explorer has been instrumental in launching an array of different innovative applications. It provides users automatic graphing options, synchronization, time zone control and balance/equity controls. These are all options Forex Factory provided way before any other trading platform did.

Brokers | Launched May 2012

This product is designed seasoned and experienced Forex brokers. It is a guide which explains and analyzes the various ways in which brokers and traders do their research. It gathers high quality information with precise details and real-time spreads, all combined in a single, impeccably-designed trading platform. Furthermore, the information provided in the application is regularly maintained and updated by the administrators. They ensure the content you get is fresh and usable.

The ‘Spreads’ area on the website gathers ratings from each individual broker’s account in real-time and indicates all the current spreads in the form of pips. These spreads are indicators of what ‘traditional account’ traders are viewing from their platforms without the inclusion of demo accounts.

All in all, Forexfactory.com is a wonderful and groundbreaking website which has a plethora of trading tools and features that have designed to help traders get the best out of their trades. So, the website may considerably benefit you in your trades as well.

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