How to Trade with Trading Central
In the fast-moving world of financial markets, retail traders often struggle to find ways to optimise their trading performance the same way institutional traders can. The reality is, that most retail traders simply do not have enough time to scour through all the financial instruments available to trade on - which is more than 8,000 for Admirals users - thereby easily missing potential trading opportunities.
But what if there was a way to access automated analytical tools such as pattern recognition scanners, actionable technical analysis of different financial instruments and up-to-date trading ideas all created by a blend of one of the world's most intuitive algorithms and human analysts - saving you time, energy and focus?
With the Admirals Supreme Edition plugin and Premium Analytics feature, you can now access all these features in partnership with Trading Central. In this article, you will learn who Trading Central is and how you can access their automated analytics and analyst research directly from the Admirals trading platform completely free. We will cover how you can use Trading Central's platform tools such as their Featured Ideas™ and Technical Insight™ indicators to help improve your trading methodology and trading decisions starting today. Let's begin!
Table of Contents
What is Trading Central
Trading Central is a global fintech leader which was founded in 1999, whose aim is to help investors make better trading decisions. It achieves this by fusing together analyst research with automated analytics such as pattern recognition trading software on a wide variety of markets and in multiple languages.
It also provides real-time market news powered by Dow Jones, a research terminal showing sentiment and confidence powered by Acuity and in-depth economic and corporate calendars. The Technical Insight windows provides live technical analysis events taking place and you can search for all of these details on any of the 30,000+ instruments in the Premium Analytics Dashboard covering forex, stocks, indices, commodities, bonds, ETFs and more.
How to Access Trading Central Tools
Did you know that the Trading Central cost is completely free for Admirals users? In fact, you can use it in both the MetaTrader 4 and MetaTrader 5 trading platforms provided by Admirals for free. To get started, just follow these simple steps:
- Login to your Traders Dashboard or open an account (live or demo).
- Click on Analytics Portal in the Dashboard area.
- Enjoy access to Trading Central tools such as Market News, Morning Briefing, a Research Terminal, Technical Insight, Featured Ideas and more.
Trading Central Tool: Featured Ideas™
The Trading Central Featured Ideas™ indicator helps traders monitor market movements across a wide variety of currency pairs. Users can customise their settings to tailor the indicator based on individual preferences regarding holding timeframes, bar sizes, technical chart patterns or preferred currencies.
Users can customise their settings in a variety of ways, such as through:
- Currency pairs - select your favourite currency pairs to find trading ideas on.
- Bar sizes - select the chart timeframe you want to find trading ideas on.
- Holding timeframe - select the desired timeframe for holding trades.
- Charts/technicals - select the different technical analysis filters you are most interested in trading on such as Bollinger Bands, MACD, Candlestick Patterns, and more.
Once these have been selected, the Featured Ideas™ window will show a selection of currencies that meet some or all of the criteria selected in the custom settings window.
Trading Central Featured Ideas™: Bullish example
In the Featured Ideas™ window, Trading Central details exactly what was found by its pattern recognition software and human analysts by listing the key technical analysis items on the right side of the platform.
In the example above, the indicator found a 15-minute Outside Bar candlestick pattern with an oversold Stochastic Oscillator that is in oversold territory. The indicator also details when the pattern was found and how long the outlook could remain bullish.
Trading Central Featured Ideas™: Bearish example
In the example above, the indicator found a 1-hour Inside Bar candlestick pattern with price crossing below its 21-period moving average. This fits into our previous selection of tools in the custom settings window. The indicator also details when the pattern was found and how long the outlook could remain bearish.
How to use Trading Central Featured Ideas™
It's important to note that the Trading Central performance of its indicators is largely dependent on the user and where they choose to enter and exit. The indicators merely provide an idea that has no guarantee of future results. This is why combining what Trading Central provides with your own analysis and experience can be a powerful combination.
For example, if you already have a bullish or bearish view of a market, you could select those particular markets in the custom settings window to find technical analysis occurrences which confirm your bias.
Other traders may start the other way and first look at the suggestions in Featured Ideas™. From here, traders may then analyse the overall picture with their own form of analysis and experience before agreeing or disagreeing with the Featured Idea.
While neither scenario will guarantee future success both can provide an extra 'edge' to your trading which is what every trader is ultimately searching for.
Trading Central Tool: Technical Insight™
The Technical Insight™ indicator from Trading Central offers actionable, technical analysis for a wide variety of asset classes such as Forex, Stocks, Indices, Commodities and ETFs. This makes it an ideal tool for the multi-asset class trader searching for detailed and proactive analytics.
The Technical Insight™ window at the bottom left of the Premium Analytics section shows a selection of potential trading ideas on different markets, the direction of the idea and the pattern found. Alternatively, you can search for any of the 30,000+ markets in the Trading Central tool to find exclusive trading ideas and technical insights for your chosen market.
In this example, we will search for the currency pair EUR/USD, but you can search for any currency pairs, stocks, indices, commodities and more.
The Technical Insight indicator scans for different technical analysis events developing on the currency pair across different timeframes using different chart patterns and technical analysis indicators.
How to use the Trading Central Technical Insight™
Trading Central's performance of its Technical Insight™ is largely dependent on the user and where they choose to enter and exit. The insight provided provides a fast and efficient way to see all the different technical analysis occurrences happening in a particular market. Combining this insight with your own form of analysis can be a powerful combination.
For example, if you already have a bullish or bearish view of a particular market, you can look at the particular instrument in the Technical Insight™ indicator to see the technical analysis occurrences that match your bias. Furthermore, stock traders can use the stock market scanner to identify other stocks in the same sector that may also present interesting technical analysis opportunities to trade on.
Traders can also start by looking at the Trading Central Featured Ideas™ indicator to identify potential instruments to trade on and then use the Technical Insight™ window to further analyse those instruments. Either way, the power at your fingertips provided by Trading Central through Admirals' Supreme Edition plugin for the MetaTrader trading platform is unrivalled!
Did you know you can test all of these features completely free by opening up a demo trading account? Not only can you see the power of these tools and how they could help you make better trading decisions you can also execute trades in a virtual trading environment until you're ready to start trading live. To open your free demo trading account, simply click on the banner below:
Why use Trading Central with Admirals?
With Admirals, you can:
- Use leverage of up to 1:500 for Professional clients and up to 1:30 for Retail clients. This means you could control a large position with a small deposit. You can learn more about the benefits and risks in the 'What is Leverage in Forex Trading?' article.
- Trade with a well-established, highly regulated company including regulation from the UK's Financial Conduct Authority, the Australian Securities and Investments Commission, the Cyprus Securities and Exchange Commission, the Jordan Securities and Exchange Commission (JSC) and more.
- Access the fastest and most secure trading platforms from MetaTrader for PC, Mac, Android and iOS operating systems.
- Supercharge your trading platform with the Admirals Supreme Edition plugin which comes with a full suite of advanced trading tools and indicators from Trading Central.
- Benefit from our negative balance protection policy for peace of mind.
- Learn to Trade: A Step-by-Step Guide
- 15 Strongest Currencies in the World
- 6 Top Trading Strategies
- 8 Forex Trading Strategies
- How to Trade the US Stock Market
- How to Buy Shares Online
- Best Shares to Buy
FAQs on Trading Central
Is Trading Central accurate?
Trading Central provides automated, real-time technical analysis events from chart patterns and indicators that are developing on different financial instruments across different timeframes, providing a high level of accuracy of these events.
Admirals is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or recommendation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.