Sneak Peak: Joel Kruger Launching First Macro

Any startup founder will tell you that when it comes to creating new products, the one’s you will be most passionate about, are products that solve problems that one personally has. Leaving FXCM as a Currency Strategist in 2012, Joel Kruger set off to trade full time. Joel Kruger explained to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that he felt there was no one platform that offered all the tools he was looking for as a trader, which forced him to combine data from multiple sources. Also, after experiencing success trading, and having an active relationship with other traders on his blog, Kruger added that he was receiving interest to professionally manage other people’s accounts. All of this led him to create a Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that not only fit his needs as a trader, but could be used by others to manage their accounts individually. With that in mind, Kruger began to work on First Macro.

Founded by Kruger, First Macro is a technical and fundamental analysis based FX trading platform. The platform combines proprietary technical analysis, third party institutional research, fundamental data, news sources, and trading functionality within one interface. Kruger explained “First Macro is a solution that I wanted to create for traders, offering a comprehensive research and strategy platform, with full trading capabilities. The keys for me are the fact that this is high end research, commentary and strategy both on the technical and fundamental fronts.”

The platform is currently in the final stages of its development and will be available in the third quarter. The platform will be available on a subscription basis, or free, for traders using First Macro partnered brokers.

One trend we have been noticing at Forex Magnates is greater emphasis on producing products with the end-user in mind. As the forex industry continues to become more competitive, firms are seeking ways to offer unique features for their client base, to meet their needs. Among platforms, First Macro fits this trend of being designed from the user experience first.

The article is part of Forex Magnates 'New Product Spotlight' posts. Previous writeups:

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