What is FX trading platform?

Solution
A trading platform is a computer, a mobile, or a web application, which you can use to buy and sell financial assets. Almost all trading platforms are supplied with charting tools and all common technical indicators that you can add to the...

Fat Finger

Private
Messages
14
A trading platform is a computer, a mobile, or a web application, which you can use to buy and sell financial assets. Almost all trading platforms are supplied with charting tools and all common technical indicators that you can add to the charts. Moreover, most common trading platforms are supplied with strategy back testers and automated alerts to help you automate your trading to some degree.

For trading platforms to work as they should, they need to have a fast connection to the server of the broker. The quality of this connection usually reflects on the quality of the execution.

The most common trading platform is MT4 and its later version MT5, which are supplied with almost features that a trader needs. However, some brokers offer you their trading services through their own proprietary platforms. Those platforms usually have a different interface design but do the same purpose, as they give traders access to the markets and enable them to view quotes and trade.

metatrader-5-mobile-forexpeacearmy.jpg


Moreover, most platforms enable you to install add-ons or plug-ins. For example, if you are a news trader, you can find the economic calendar add-on on MT4 and MT5 and install it, then plot it on your charts or beside them. You can also set up specific alerts depending on your strategy so that the platform gives you an alert when a certain event happens in the market (such as a MACD crossover).

In short, trading platforms can vary in their design of interface and tools, but they all must provide basic functionalities such as enabling you to enter and exit trades, setting up stop loss and profit-taking orders, and viewing charts. They are your portal to the global financial markets.
 
Solution

Danuta

Private
Messages
18
A trading platform is used to connect buyers and sellers. A trading platform allows traders to conduct transactions from any location in which they are able to access the Internet. A trading platform is a computer software program which enables traders to place orders and have them executed from any physical location. A variety of financial instruments, including shares, options, bonds and commodities may be traded through an electronic platform.
 

runteepain

Recruit
Messages
2
There are so many Trading Platforms for Example C-Trader,Algotrader,FXCM Trading Station And most Famous Metatrader 4 and Metatrader 5, all these platforms will be working with Windows OS and mobile apps too
 

ele020

Private
Messages
29
I am looking for the best explanation of what is forex trading platform, please.
A forex trading platform is basically the software where you keep a check on the market movements and place trades on the desired trading instrument.
Majorly MT4 is used by most of the trader as it is the oldest and all the traders a quite familiar with its functioning. Every broker you deal with would surely provide mt4 trading platform. Apart from this, they may also provide MT5, Act trader on any other platform designed by the broker itself.
 
Messages
3
A trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. Oftentimes, trading platforms will come bundled with other features, such as real-time quotes, charting tools, news feeds, and even premium research. Platforms may also be specifically tailored to specific markets, such as stocks, currencies, options, or futures markets. Some examples of Forex trading platforms are- MT4,MT5,ActTrader, C-Trader etc.
 
Top