The future of trading: FYERS introduces Smart Orders for retail traders

Bengaluru, October 05, 2024 – FYERS, one of India’s leading trading and investing platforms, has launched Smart Orders, a suite of powerful tools designed to give retail traders more control and flexibility in executing their strategies. With Smart Orders, traders can access features like trailing stop-loss orders, smart step for automated averaging, and intelligent exit options, all designed to empower them in today’s fast-paced and volatile markets.

The Smart Orders are built to level the playing field by offering tools typically reserved for institutional traders. It allows retail traders to manage market fluctuations with precision and confidence, making their trading experience smoother and more efficient.

The key features include:

Trailing Stop-Loss Orders: This advanced tool enables traders to set dynamic stop-loss levels that automatically adjust as market conditions change. It helps traders lock in profits while minimizing downside risk, providing peace of mind in volatile markets
Smart Step for Automated Averaging: This feature allows traders to average their positions intelligently over time. With Smart Step, users can automate their averaging strategies, helping them lower their entry costs without manually tracking the market

Intelligent Exit Options: Traders can now configure multiple exit strategies that align with their specific risk-reward profiles. This flexibility ensures that traders are equipped to capitalize on gains or minimize losses in real-time, even when they’re away from their screens.

Smart Limit Order: Traders can set the price, quantity, and expiration time with full control. If the market reaches the target price, the order is executed; if not, it can convert to a market order or be canceled, ensuring trades are managed as planned.

Speaking on the launch, Yashas Khoday, Co-founder and CTO of FYERS, said, “With the launch of Smart Orders, we’re taking a big step forward in making trading easier for retail traders. These new tools give traders more control and flexibility, especially in volatile markets. At FYERS, we’re always looking for ways to innovate, and Smart Orders show our commitment to helping traders at all levels succeed. By bringing features typically reserved for institutional traders, we’re closing the gap and giving everyone the ability to trade more intelligently and efficiently.”

With Smart Orders, FYERS aims to empower traders with complete control. The introduction of Smart Orders underscores FYERS’ ongoing commitment to creating a seamless and intuitive trading experience for all its users. Whether a trader is looking to automate their strategies or maintain tighter control over risk management, Smart Orders provides the flexibility and customization necessary to meet a variety of trading styles.