Brokers & Online FX Platforms List

The Online market operates with a sum total turnover of Market Volume that can go as high as 7.2 trillion dollars each day. Being the most liquid financial trading market means that online traders can enter the market at anytime that they want and get their profits out easily.

Decreased requirements to trade the markets, high speed internet & the advances on communication technology are all responsible for having driven this market to where it's today. These changes took the market from being limited to big financial institutions and multinational firms to the point where ordinary traders can now trade and participate in the largest financial trading market in the world through Online networks or what is called the interbank markets.

Because of the new clientele, online Forex brokerage corporations began improving their services and accessibility. Different platforms suited for various types of traders have been designed to meet the needs and requirements of this new market. with accessible online currency platforms and software that's constantly being improved, brokers are finding that the popularity of the market is rapidly growing.

Many Brokers feature Micro accounts. These accounts allow their clients to sign up & open a account with a minimum margin of $5 dollars.

If you're interested in signing up a trading account, first thing which you'll need is a PC computer with a fast internet connection. The fast high speed internet connection is crucial and important for an effective trade strategy to work. You need for your trade position orders to be processed quickly.

Next, you'll need to choose a currency online brokerage company, the broker should provide you the trader with a trade platform to use. The trading platform is simply a software program that is necessary to connect to the trading market. You download it to your Desktop computer & use it.

It is important that you select a platform that you're comfortable using.

• It must provide real time data that's accurate and up-to-date.
• It must be secure, and stable.
• It should have charting and trading tools to perform technical analysis
• It should also have a feature that will allow you to store your trade positions history
• You as a trader should be able to execute orders with ease
• Easy to learn with

With all the features, you as the trader can really improve the way you trade in market & also minimize risk of you losing money.

Consider opening a practice account, which is a practice trade account. This will allow you to try out the software & market without risking any real cash. By practicing with the practice trading account, you allow yourself enough time to decide if this is the software program/platform that you would like to use.

Brokers

STP means Straight Through Processing Network. With an STP you'll be directly connected to the inter-bank network through the Straight Through Processing Network.

MT4

The Best Platform/Software - Trade Platforms Listing

Most traders will generally favor using an STP Broker because it's much easier to place transactions on STP execution

Traders that participate in Forex are traders that want to earn a profit by buying currencies which are appreciating in value and selling the ones that are depreciating. To trade FX online, a trader needs to open a account with a broker & deposit money to facilitate online Forex transactions.

Brokers offer online platforms that are designed to stream live forex quotes to their customers (speculators) so that as the traders can spontaneously execute transactions.

Once a trader chooses a Forex broker, they then download their platform, install it on a Desktop computer with an internet connection. Then open an account & sign in to the platform software to receive real-time quotes of currencies. This streaming price data is graphically drawn on a grid forming what is known as the Forex charts. The trader then can place trade positions through this software provided. Brokers also offer Free Demo Accounts which are free practice accounts that beginner traders can practice forex trading with.

Trades can't be made directly on the online trading market, and can only be set and placed through an broker, connected to the inter-network of other banks, this is the network/internetwork of international banks used to facilitate currency exchange trading.

Most favored Trade software is known as MT4 Software/Platform (or MT4), MT4 platform software is very easy to learn and has some of the best charts & this Meta-Quotes MT4 charting platform comes with Forex Indicators for technical analysis of charts.

Many Traders agree that the best platform online is the MT4 software. When doing software platform comparison most traders compare & analyze other trading softwaresplatforms as full of bugs, with a poorly designed user interface that is hard to use & navigate with, and sub-standard analysis forex tools to choose from.

Most Forex Brokers have even switched to MT4 platform software after facing pressure from their clients to implement this online software. Some brokers choosing to offer a choice between, their own platform & also MT4 platform software, among other trading platformsplatforms like Currenex.

MT4 Software/Platform

The MT4 is a platform for trading the financial trading markets. The MetaTrader 4 software has versions for both Forex platforms for PC computers & platforms for mobile phone apps. MT4 is a forex tool used by online traders to get and gain access to the market, interpret and analyze price charts & open orders through to their brokers using MT4 software. The MT4 platform software is owned by the online broker from where you as a trader can download it for free from their web site.

The Key features of MT4 Platform Software - Desktop Version are:

• Extremely Fast Trade Execution.
• Realtime summary of client's order, account equity, floating profit and loss
• Chart based Click Transaction via MT4.
• Market Analysis Tools and Technical Analysis Tools - indicators
• Automated coding language & Expert Advisors (EA).
• Daily Trade Account Statement Sent to The Clients E-mail
• Complete analysis package, with wide range of built in indicators & charting & trading tools.
• Multilingual user inter-face - English, Arabic, German, Spanish, French, Chinese, Russian

These features make MT4 the most favored software.

As a trader you as a trader can download MT4 Platform Software and practice trading with these FX tools on practice account.

MT4 Mobile Platform Edition

Trading on your mobile phone allows you to manage your account from your portable mobile phone device, whether it's your smartphone or your Pocket PC. Mobile apps offer a alternative method to keep a tab on your account when you don't have access to your desktop PC. From your mobile phone app you as a trader can keep up with market movements, analyze and interpret the movements & adjust your trade position orders from tour phone. With mobile phone you as a forex trader can access financial trading market from anywhere.

MT4 Mobile Platform - Trade Platforms List

• Full features for management of accounts.
• Accessible from any location worldwide
• Currency charts
• 30 indicators - MT4 indicators
• Support all types of trade orders
• Financial market news
• VGA mode support.

MetaTrader 4 Mobile (Smartphone Edition)

• Full features for management of trading accounts.
• Accessible from any location worldwide
• Currency charts
• Indicators - MT4 indicators
• Supports all types of trade orders.
• Financial market news

The MT4 Mobile platform - Smartphone Edition is the mobile trader for smartphones operating under the MS Microsoft Windows Mobile.

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