Octa's Space: the ultimate source of trading insight

In search of trading ideas

In trading, you learn to appreciate valuable information very early in your journey. You come to realise that while industry media are full to the brim with generic recommendations, scammy content, and windy generalisations, reliable sources of actionable insights are few and far between. 

One approach to solving this problem is to monitor multiple sites and platforms for financial news and analytics. However, this requires incessant effort and clear, unbiased judgment—a condition that would be challenging to meet. Another option would be to tap into more advanced solutions that filter content and offer a more personalised experience. 

Knowledge and networking

Many tools that provide trading insight and analytics are quite expensive. However, Octa's ideation engine is free for all broker clients. From a trader's perspective, Space comes across as a differentiating factor of Octa's platform. At its core, it's an analytics centre and a springboard for developing trading skills. According to Octa, this customisable and community-driven solution aims to bring together reliable signals, practice-oriented educational materials, and analytical tips.

The Space feed is currently integrated into Octa's trading platform, OctaTrader, and is accessible to Octa's clients worldwide. OctaTrader clients can transfer ideas from Space to their trading chart with a single press.

Upon request, Space offers networking capabilities that enable both experienced and emerging traders to refine their market knowledge and exchange insights with their peers.

Timeliness and customisation

The impressive amount of expert-curated trading ideas speaks in Space's favour as a flexible, one-fits-all analytical solution for traders of all levels. It is especially valuable for those who already understand the market basics but struggle to generate or verify ideas. Space's go-to aspects include:

• actionable signals. With more than 130 daily trading ideas delivered in real time, traders get actionable insight every time they access the app. The constant flow of relevant information can be a significant advantage for casual traders who have only a limited amount of time per day to dedicate to their trading.
• customisable feed. Traders can personalise their Space feed to suit their trading style, allowing them to relieve the cognitive load and save time.
• advanced analytics hub. The wide variety of educational and analytical content makes Octa's Space a great way to dive deeper into technical or fundamental analysis.integration with the OctaTrader platform. OctaTrader clients can copy ideas from Space to their chart with one press, making the trading process intuitive and seamless. What's more, Space works well together with other OctaTrader's tools, in particular, AI pattern search.
• education on top of analytics. Space contains a wealth of applicable financial knowledge that can help traders step up their outcomes. All educational content is presented in a structured manner, covering various topics and levels of expertise. 
• community of market experts and traders. According to Octa, Space posts are created by industry professionals with vast trading experience. In an era where AI is increasingly prevalent and its efficiency is disputed more and more often, having high-quality, human-generated content within a trading app is a rare advantage.

A limitation or an advantage?

Space currently covers nine trading instruments, which can be viewed as a limiting factor. However, it will be the perfect fit for the vast majority of traders. For example, according to statistics, the seven most popular currency pairs account for 66% of the market's trading volume. Space content currently covers the following pairs:

XAUUSD BTCUSD EURUSD GBPUSD GBPJPY USDJPY AUDUSD USDCAD ETHUSD.

Considering that Space offers timely content on each of these pairs, the limitation can be viewed as a positive, since focus is one of the major contributing factors in trading success.

Conclusion

Positioned by Octa as a crucial element in its trading platform, Space drives a thorough, systematic approach to improving traders' progress and outcomes. Tailoring timely, expert-curated insights to client preferences, Space can serve as both a basis for self-education and an idea starter for traders at all levels of experience.

Disclaimer: This article does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk—Octa does not accept any liability for any resulting losses or consequences.

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 61 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools. 

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities.

Since its foundation, Octa has won more than 100 awards, including the 'Most Reliable Broker Global 2024' award from Global Forex Awards and the 'Best Mobile Trading Platform 2024' award from Global Brand Magazine.