Davinci Technology Launches Wave Robo Advisor WFX

Davinci Technology has launched Wave Robo Advisor, otherwise known as WFX. According to a statement released this Monday, WFX allows for easier management of massive data from foreign exchange (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) investments.

Based in Hong Kong, WFX is specifically tailored to beginner forex investors. The technology automatically tracks the trade history of investors and the one-click operation of WFX is easy for traders to learn, the statement said.

According to the statement, the Robo Adviser has partnered with Commercial Bank, Standard Chartered Bank, and Wing Lung Bank for clients to add funds.

WFX is also able to process more than 1,000 orders at the same time for every second. The technology allows users to adjust the order, set fast operation and track trade history. It also offers investment strategies, which gives traders a judgement of the future direction of the foreign exchange market and more “flexible advice on investment strategy,” the statement said.

FX Market is heading for a bull run

In a recently-held forum by Davinci Technology Leo Chan, the creator of Bridgewater, believes that the bull market for forex will arrive in 2019. This is largely thanks to the United States Federal Reserve, which has stopped raising interest rates, Chan said.

According to Chan, in the short-term, this will stimulate global asset prices to reach higher levels and most likely, kick-start the forex bull market.

“It is an important year for the foreign exchange market in 2019 spring. Hopefully, with the twilight of the strong era of dollars, the growth of emerging market assets and good Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term will provide a strong downwind for currency markets. WFX has strict supervision and clearing system that all the investors can manage it easier by all these functions,” the statement added.