Forex trading, also known as foreign exchange trading, is the buying and selling of currencies in the global market. The forex market is the largest and most liquid financial market in the world, with an average daily trading volume of $5.3 trillion. As with any market, there are various technical terms and jargon used within forex trading, one of which is “iml.” But what does iml mean in forex?
Iml stands for “I Markets Live,” which is a forex education and trading platform that offers various tools, resources, and services for traders. The platform was founded in 2013 by Chris Terry, a former professional forex trader and educator. I Markets Live aims to provide traders with the knowledge and tools they need to succeed in the forex market.
One of the key features of I Markets Live is its educational program, which is designed to help traders of all levels improve their skills and knowledge of forex trading. The program includes live webinars, recorded videos, and online courses that cover a wide range of topics, from the basics of forex trading to more advanced strategies and techniques.
In addition to its educational program, I Markets Live also offers various trading tools and resources, including trading signals, trading algorithms, and market analysis. These tools are designed to help traders make more informed trading decisions and achieve better results in the market.
One of the most popular tools offered by I Markets Live is its Harmonic Scanner, which is a powerful trading algorithm that identifies potential trading opportunities based on specific patterns in the market. The scanner can be used to scan multiple currency pairs and timeframes simultaneously, making it a valuable tool for traders who want to save time and improve their accuracy.
Another popular tool offered by I Markets Live is its SwipeTrades app, which provides real-time trading signals and alerts directly to traders’ mobile devices. The app is designed to be user-friendly and intuitive, making it easy for traders to follow the signals and execute trades quickly and efficiently.
Overall, I Markets Live offers a comprehensive suite of tools, resources, and services for traders who want to improve their skills and achieve success in the forex market. While the platform is not without its drawbacks, such as high fees and a lack of transparency in some areas, it remains a popular choice for traders who value education, tools, and support.
In conclusion, iml stands for “I Markets Live,” which is a forex education and trading platform that offers a range of tools, resources, and services for traders. Whether you are a beginner or an experienced trader, I Markets Live can help you improve your skills and achieve better results in the forex market. While it is not the only platform available, it remains a popular choice for traders who value education, support, and the convenience of trading tools and resources all in one place.
