forex trading platforms
forex trading platforms |
| 5 Best Forex Trading Platforms of 2019 - PC Tech Magazine Posted: 06 Mar 2019 12:00 AM PST  Taking time to choose a reliable trading platform is given as one of the top success tips of Forex trading. Whether you are a beginner or trading veteran, you need to make sure that the platform you choose is optimized. It should be easy to navigate using your preferred computing device, and should also have an interface that allows you to make decisions easily and trade promptly so that you can achieve your investment goals. A few currency trading platforms were found by users in 2018 to be reliable for success in currencies trading. 2019 could be the year you bag a fortune trading Forex. But you want to ensure that you check all the boxes right. Take note of the top 5 Forex trading platforms in 2019 featured below. MetaTrader 4 (MT4) Mobile With MetaTrader 4 Mobile, forex trading opportunities are always in your pocket. It offers you a great deal of flexibility as you can perform your trading activities effectively on demand. You can easily plan your trading activities to ensure maximum effectiveness. For instance, you can set notifications to sound to inform you about various market events of interests whenever they happen. Your forex trading activities are not limited to a stationary workstation. MetaTrader 4 Mobile provides a multilingual interface that's ideal for both beginners and experienced traders. Another unique feature of MetaTrader 4 Mobile is that you can analyze the market offline. For traders' safety, the terminal is well protected to ensure that personal data is secured. MetaTrader 5 (MT5) Mobile: Best for mobile traders Are you looking for a Forex platform that can allow you access to all quotations wherever you are? Check out the MT5 mobile platform. MT5 mobile is similar to the MT5 PC version, but is of more use when you are away from your workstation and want to keep a close eye on market conditions for profitable currency trading. Using the MetaTrader 5 mobile platform, you can analyze the market, sell and buy, sell stop losses, change positions, and do just about anything you'd do on a computer. MT5 mobile versions are available for iPhone, iPad, and mobile devices operating on Android. Many brokers offer it for free and it is thus accessible to any interested forex trader. cTrader by Spotware Systems Cyprus-based Spotware Systems developed cTrader as a transition software. This means that the software incorporates features of a fully professional forex trading software and those of a retail trading platform. As a multi-asset trading platform, cTrader has a wide variety of features to fit the needs of different types of traders. Its side menu allows you to choose copy, algo, or manual trading. You also get comprehensive analytics on your trading performance. The platform has a wide variety of responsive charts with varying time zones, more than 70 pre-installed indicators, and different viewing modes. It also has many templates and sharing tools. cTrader is trusted by tens of millions of traders across the globe and is demanded by many top-tier forex brokers. It won the award of the Best FX Trading Platform at the Finance Magnates London Summit Awards 2018.  FxPro SuperTrader Developed by world-renowned forex broker FxPro, SuperTrader is ideal for manual as well as automatic trading. It is great for all traders regardless of their experience level. Many scalpers, day trader, and investors find it suitable for their forex trading activities. SuperTrader supports robots, algorithms, and advisers. With these tools, you can trade with little doubt about market data. In addition, the platform provides you with a variety of tested and proven trading strategies. You can reduce your investment risk by choosing a number of trading strategies. Rumus If you are looking for a forex trading platform that enables you to develop and test trading strategies using historical data before applying then in real time, Rumus is that platform. Besides, the platform has ready-made trading strategies. Rumus is a customizable modular system that's designed to integrate different existing and new features. It can analyze quotes history accurately, display real-time quotes and save your indicators. Among the peculiar characteristics of the trading platform is its terminal interface that uses drag-n-drop technology. This technology provides more visibility and efficiency when trading. As you choose a trading platform, the following questions can help you evaluate each option available:
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| Top 3 Best Mobile Trading Platforms for Forex - FXDailyReport.com Posted: 27 Mar 2019 04:45 AM PDT  Thanks to the advent of smartphones and tablet devices, traders do not have to stay glued to their computers and seats all day long. Back in the day, it was always a torment knowing that a news trade was about to take place, but one would either be stuck in traffic or engaged in some other task and it would be impossible to monitor the news or the charts beforehand, let along being able to take the trade. But along came the smartphones and tablets in 2007 and everything changed. Now you can be in the loo, on the beach, or even in an Uber ride and have the ability to check on your trade positions or monitor other goings-on in the market, straight from your hand-held device. This has brought a lot of convenience into trading activities. But what would be considered as the best mobile trading platforms for forex trading? If you are a retail trader, you would probably consider the MT4 and MT5 as being almost top of the list. But mobile trading is not for retail traders alone. Those who trade at prop firms and even institutional traders can also check up on some trading related stuff on their mobile devices as well. So you also have platforms that cater to this end of the market. So here is a list of what we consider to be the best mobile trading platforms available today for forex trading. Related Articles: The MetaTrader mobile app is a generic mobile application, which is used to serve the many forex brokers that offer it. So you actually do not get a branded mobile trading platform. This has its advantages and disadvantages. For instance, the mobile apps are lighter versions of the desktop and web-based versions, so it is easier to access charts and basic analysis tools on the mobile app. But the disadvantage is that a lot of the functionality required for in-depth analysis has been sacrificed. So when compared with mobile apps such as the LMAX Global mobile app (which we shall discuss later in this article), the MT4/MT5 mobile apps are a bit deficient in this regard. Also, it is impossible to trade the news effectively as there is no way you can scroll from the news bar to the charts to react quickly enough before the initial news spikes. The mobile apps for MT4 and MT5 have the following features:
 It must be said that the latest versions of the MT4/MT5 mobile apps are a vast improvement over the earlier versions, and trading is a lot more seamless now than it used to be in the early days.
LMAX is a forex brokerage that provides ECN trading services to its clients. Its product suite is tailored more to institutional clients, but it is also open to traders who have the financial muscle to trade forex using ECN-style conditions. LMAX has a mobile app suite known as LMAX Global. The LMAX Global mobile app suite, is available for both iOS and Android devices, and comes as a 3-in-1 package. The components of this app are:
The LMAX Global mobile app delivers full trading functionality along with other features available on ECN platforms such as:
Traders can also place trades with the 1-click trading facility, achieve partial closure of trade positions and up to 5 market depth levels.
 Among the mobile apps provided by LMAX is the VWAP app, which provides market depth of up to 20 levels as well as market data for FX assets, indices and precious metals. You can also transit effortlessly between trading venues to seek out the best pricing. This app provides the same functionality you would get from using the desktop versions of the LMAX trading software. Perhaps the only drawback of using this mobile app is that it uses live data feeds, which can lead to huge data consumption and increased costs of internet data for the user.
While this is not a trading platform per se, the TradingView mobile app can be used adjunctively in trading as it comes with many features that can be used during the core trading process. TradingView allows traders and investors to share trading ideas, setup price alerts once key levels have been reached on charts, and also have access to an advanced charting application which contains various tools and indicators. You can create and customize your own watchlists on TradingView, allowing you to follow just those assets that you are interested in trading.
 Interface of TradingView Chart from Smartphone The charting package provided by TradingView is arguably one of the in the retail forex industry, and on the mobile platform, they are just as visually appealing and as powerful as the web-based package. The benefit of using TradingView charts is that it also features market data for other CFD assets found on retail forex platforms, and not just FX assets alone. These are some of the mobile applications for trading that beginners must get accustomed to, which will enable them to trade on the go effectively. Rate this post:
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