LeapRate has learned that PsyQuation has launched live as of today with a number of retail forex brokers including Pepperstone, IC Markets, Global Prime and AvaTrade.
PsyQuation has developed a new way to improve trader performance – and to prevent traders from ‘blowing up’ their accounts – using techniques and technology from the school of Behavioral Profiling. We detailed PsyQuation’s plans in a recent interview with PsyQuation CEO Michael Berman.
The PsyQuation tool is of course aimed not just at Retail Forex traders, but at the brokers who serve them. Traders who last longer, make money and trade more are worth a lot more to brokers than those who lose quickly and move on.
Michael Berman, PsyQuation
The following note was sent out today by PsyQuation CEO Michael Berman to those who had signed up while the company was still in launch mode:
We are delighted to say the moment of truth has arrived and we are open for business and ready to let our feedback loop alert system help your trading performance.
Something not all of you may be aware of our alerts not only notify you when you are making mistakes but there is also a positive reinforcement component to the alerts which trigger at certain check points to help notify you that you are tracking positively towards your goals.
We would like to say a big thank you to our broker partners who have supported and encouraged us along our path to launch, and would like to thank them for investing in the success of their clients.