Powerful Trading Platforms & Tools


Forex Trading Systems. The fastest way to succeed with forex trading is to follow the advice of those who are already successful. However, finding this information is a lot easier said that done. or is it?

Get market research reports right onto your software based Forex platform. Open a live Currenex Forex account. Hence because of the limitations of the demo account, the only way that a trader can learn to master his emotions is by trading with a real money account.

What is a 'Currency Trading Platform'

A currency trading platform is a type of trading platform used to help currency traders with forex trading analysis and trade execution.

Trade the global markets, your way. Advanced Trading Platform Designed to meet the demanding needs of active traders, our desktop platform puts you in the driver's seat of your trading experience with fully customizable layouts, trade preferences, one click trading, a build your own indicator feature, and much more.

Mobile Trading Never miss a market move — our mobile apps power a complete trading experience, right at your fingertips. Get started in less than 5 minutes. MetaTrader 4 Experience MT4 at its best with reliability, integrated insights and account management features. Power up to Advanced Charting Our web platform combines power and simplicity with charts by Trading View.

Active Trader Rewards Designed for high-volume currency traders, enjoy exceptional customer experiences tailored to your unique needs with Active Trader. Of course, slippages are a part of direct market access trading, but traders should be able to open and close their positions as fast as possible without any platform-induced delays. If you are consistently worried about the relative lack of speed of transactions on your platform, it is time for you to test your platform speed with other leading platforms in the market.

You may also consider the option of a VPS that can significantly reduce the time between your trades, and give you an opportunity to run EAs 24X5 without leaving your trading terminal switched on for an extended period. Platform reliability used to be a huge concern during the early days of trading, especially due to the performance issues that frequented the trading servers and design related bugs. But with the introduction of regulatory guidelines and an increased amount of awareness among traders, the number of errors and reliability issues decreased dramatically, leading to a safer and more robust trading experience.

However, there are chances for FX trading platforms to run into some issues, which are usually taken care of during routine updates and patches. An online Forex trading platform should offer you all the information related to your trading account and all the other aspects of trading in a single and easy to use interface.

You should be able to access all tools and features with a click of a button, which most of the platforms in the market manage to do so quite well. However, due to the availability of different platforms in the market, you may come across a few complex platforms that might not be user-friendly.

In such cases, spend some time with the interface to find out whether there is an option to get comfortable with the platform by learning the pros and cons of the platform.

If you are unable to trade with ease, it is always a good idea to move on to another platform that suits your trading requirements.

Mobile devices such as smartphones and tablets have made life extremely convenient for the new generation of traders and investors. Mobile trading is a new concept that has gathered immense popularity, aided in part by the dedicated mobile trading platforms that are designed in tandem with its desktop counterparts.

At present, almost all platform developers and leading FX brokers develop dedicated trading platforms for both desktop and mobile trading apps, which contain all the essential features to facilitate seamless trading.

Mobile trading apps are now available for iOS, Android, Mac, Linux, and Windows operating systems, which are compatible with most desktop, mobile, and tablet operating systems. Automated trading is the concept of letting an automated trading bot to take control of your trading capital by opening and managing trades according to a particular set of instructions. Automated trading programs are designed to remove the human psychological factor of trading, which enters and exits trades if a predetermined set of conditions are met.

Automated trading is a popular trading strategy adopted by large banks and hedge funds, which are also gaining popularity among smaller retail traders. Automated trading can be broadly classified into two different categories. The first type of automated trading is the process of employing bots for all trading purposes, which may or may not require human intervention.

These bots are designed to work with a trading platform, which can trade the markets according to the conditions prescribed by the automated program.

The popular MT4 terminal has a massive database of Expert Advisors EAs , which can be installed and modified to trade on behalf of a trader. Different platforms have different automated trading programs, some of which require extensive programming knowledge, while others can be developed using built-in EA creator programs without any coding expertise. The other type of automated trading is the concept of social trading or trading through PAMM accounts, which is basically an investment-oriented trading strategy that essentially follows the trading performance of other established traders in the market.

Professional traders often sell their services by managing client accounts that will enable them to earn a fair share of the profits as a performance fee.

The way the information is reported by the trading platform could easily translate in hours spent trying to reconcile your tax report or simply a minute spent on printing it out. Hence, a platform that can help you to reconcile all the trades that you are going to make can be invaluable when you need to declare the income earned or losses made to the taxman.

It is a standard practice in the online forex trading industry for brokers to offer a demo account to their potential clients.

To make the process of acquiring a demo account as easy as possible, most brokers only require potential clients to register for the demo account with just a few basic details such as the name and email of the trader.

The following diagram below shows the typical signup form which traders have to fill in to gain access to the demo account. As to the question of which trading platforms offers a demo account, this depends very much on the individual brokers.

Some forex brokers supply their clients with a choice of several types of trading platforms. In order to give their clients a proper overall view of the platforms that they offer, the demo account will permit the trader to try out all the different platforms from a single demo account. Nevertheless it should be noted most brokers will tend to conserve resources by allowing the demo account to conduct paper trades only on one specific trading platform.

Although forex demo accounts are able to provide traders with numerous benefits, they do have their own set of limitations. So while it can provide a trader with the opportunity for unlimited profits, it carries with it a enormous level of risk which all forex brokers are required by law to warn their clients about.

The risks are increased exponentially when leveraged trading involved. In some cases, it is possible for a trader to lose more money than he initially deposited. In order for a forex demo account to be of any use, you must learn to treat it like a real account.

By having such a frame of mind, this will help to ease your transition from a practice account to a live account at a later stage. Nevertheless, to help you get more out of your forex demo account, below are 7 tips on how to maximize the use of the forex demo account.

Beginner traders often in their zeal to get started trading as soon as possible often neglect to familiarize themselves with all the various features of the trading platform. Instead of making the same mistakes, use the demo account to learn as much as possible of the capabilities of the trading platform. Commit sufficient time so you will be able to understand how the trading platform functions and use it capabilities to your trading advantage. With the risk free environment provided the demo account, use it test out all the trading orders that are supported by the trading platform.

Test each order and see which is the best time to use them. To use these trading orders effectively, learn how to calculate the optimum levels to set these trading orders. With some brokers offering a leverage ratio as high as 1: Instead of taking on unnecessary risks, use the demo account to determine the right leverage ratio for your particular trading style.

Knowing the right leverage ratio to use is a good risk management tactic especially when the market is extremely volatile. Most forex brokers offer their traders a wide selection of currency pairs as well as different CFDs to trade with.

The danger of having too many instruments to trade with is the fact that you might lose focus. Instead learn to focus your energy and concentration on a few pairs and learn how to master trading them using the demo account.

Although the standard lot size in forex trading is , units, most forex brokers offer different trading account types which have different lot sizes that their traders can trade with. For example, the micro account lets traders trade in a lot size of units whereas the mini account let traders trade in a minimum lot size of 10, units.

Use the demo account to help you determine what is the ideal lot size that you should trade with. To be successful at forex trading, you need to have a trading strategy. Instead you need to develop your own trading strategy that will suit your trading personality as well as risk appetite. While difficult to achieve with a demo account, the best way to learn how to control your emotions while trading without risking real money is still with the demo account.

Learn to treat the demo account like it is a real money account and trade with an amount that you can actually afford. Pay close attention to how you react to certain situations and learn to keep them in check. Best Forex Demo Account