Brokers and Online Forex Platforms List

The Online market operates with a total turnover of Market that can go as high as 7.2 trillion dollars each day. Being the most liquid financial 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 market, high speed inter-net and the advances in communications technology are all responsible for having driven this market to where it is today. These changes took the market from being limited to big financial institutions & multinational companies to the point which ordinary people can now trade and participate in the largest financial market in the world through Online Trading networks or what is called the interbank markets.

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

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

If you are interested in opening a account, first thing which you'll need is a PC Desktop computer with a high-speed internet connectivity. The fast internet connection is crucial for an effective trading strategy to work. You need for your trade orders to be processed quickly.

Next, you will need to choose a currency brokerage company, the company should provide you with a software to use. The platform is simply a software program that is essential to connect to the market. You download it to your PC Desktop computer and use it.

It is important that you choose a platform that you are comfortable using.

• It must provide real time data that is accurate & up-to-date.
• It must be secure, & stable.
• It should have charting tools to perform technical analysis
• It should also have a feature which will allow you to store your trades history
• You should be able to execute orders with ease
• Easy to learn with

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

Consider opening a practice trading 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 time to decide if this is actually the program which you would like to use.

Brokers

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

MetaTrader 4

The Best Forex Platform - Trading Platforms List

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

Traders that participate in FX are traders who want to make a profit by buying currencies that are appreciating in value & selling the ones that are depreciating. To trade FX online, one 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 clients (speculators) so that the speculators can instantly execute transactions.

Once a trader chooses a Forex broker, they then download their platform, install it on a PC Desktop computer with an internet connectivity. Then open an account and login to the platform to receive real-time quotes of currencies. This streaming date is graphically drawn on a grid forming what is known as the Forex charts. The trader then can place trades 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 not be made directly on the online market, and can only be set through an broker, connected to the inter-network of other banks, this is the network of international banks used to facilitate currency exchange trading.

The most favored Trade software is known as MetaTrader 4 Platform Software (or MetaTrader 4), MetaTrader 4 platform 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 platform. When doing software comparison most traders compare other platforms 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 after facing pressure from their clients to implement this online software. Some brokers opting to offer a choice between, their own software & also MT4 platform, among other platforms like Currenex.

MetaTrader 4 Platform Software

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

The Key features of MetaTrader 4 Software - Desktop Version are:

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

These features make MetaTrader 4 the most favored software.

As a trader you can download MetaTrader 4 Software and practice trading with these Forex tools on practice account.

MetaTrader 4 Mobile Software Edition

Trading on your mobile phone allows you to manage your trading account from your portable mobile phone device, whether it is your smartphone or your Pocket PC. Mobile apps offer a alternative method to keep a tab on your account when you do not have access to your desktop PC. From your mobile phone app you can keep up with market movements, analyze the movements and adjust your trade orders from tour phone. With mobile phone you can access financial market from anywhere.

MT4 Mobile Platform - Trading Platforms List

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

MT4 Mobile (Smartphone Edition)

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

The MetaTrader 4 Mobile platform - Smartphone Edition is the mobile trader for smartphones operating under the MS Windows Mobile.