FOREX TRADING PLATFORMS
A forex trading platform is essentially a software program that facilitates the trading of foreign exchange.
The program may be accessible online through the internet or it may be installed locally on the hard drive of a computer or other device.
There are many different forex trading platforms from which traders may choose depending on their preferences.
Different trading platforms offer different features and different levels of trading support.
Popular trading platforms
The most popular forex trading platform available today is known as MetaTrader 4 (MT4) and this platform is offered by forex brokers all across the globe.
MetaTrader 4 provides financial market analysis as well as access to the assistance of expert forex advisors.
This platform offers mobile trading as well as trading signals and market news.
This is a downloadable trading platform which may be installed on your PC or Mac, or on your mobile device.
For traders who would rather save the space on their computers for other things, there is the option of using a trading platform that is accessible through the internet.
Access to these platforms usually just requires the user to create an account with a forex broker.
Different brokers offer different platforms which may have different features.
Most forex trading platforms offer technical analysis capabilities, and access to an economic calendar as well as financial market news.
Some of the more advanced forex trading platforms offer automated trading.
Some forex trading platforms are more advanced than others and may not be appropriate for beginners.
It is important that traders feel comfortable with their chosen forex trading platform and that they do their research before committing to any platform.
Most brokers offer demo accounts which allow traders to test the platform before making trades on the real trading account.
Written by gayan
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