| Today there is an abundant variety of Forex trading | | | | 8. Customer support - let's not forget something |
| platforms to choose from. Each platform is unique | | | | crucial. Forex broker should provide professional and |
| and each difference can play major role in your | | | | fast solutions to any technical issues related to the |
| trading career. How to choose trading platform to fit | | | | platform. |
| your needs? Which platforms will ensure an easier | | | | Apart from the basic features, every platform has |
| transition to currency trader? | | | | special, unique add-ons and features. For example, |
| When searching for Forex platform, it is important to | | | | some brokers may offer: |
| realize that another major element is Forex broker | | | | 1. All kind of sneak-peek tools which show what |
| itself. Online Forex brokers offer traders tools and | | | | other traders are trading. |
| services in order to ensure a successful trading via | | | | 2. Live chats with other traders or even Forex |
| their platforms. All platforms share certain amount of | | | | mentors. |
| similar features and trading tools, however some | | | | 3. Free or paid trading courses and webinars. |
| brokers go over the basic and provide much more | | | | 4. Online or download platform - which one is better |
| powerful software options. | | | | should be entirely your decision based on your needs |
| The important, basic features are: | | | | and available time to trade. The advantage of online |
| 1. Speed and quality - no delay and minimum amount | | | | platform is that you can access your account via |
| of unexpected error messages. | | | | broker's site from any computer with an internet |
| 2. Availability of all sorts of indicators. | | | | connection. With a download version you are limited, |
| 3. Simultaneous use of multiple time-frame charts. | | | | however this is also debatable. After all, you can |
| 4. Free demo accounts for practice. Some brokers | | | | download the software and install it somewhere else. |
| limit the use of practice account with the available | | | | On the other hand, it might be unsafe to store that |
| amount of virtual money, others - with the time | | | | kind of information on a computer which isn't entirely |
| limitation (for example, 1 month only). There are | | | | yours. Today, internet-based platforms tend to |
| couple of brokers that do offer unlimited demo | | | | provide secure highly encrypted transmissions. Your |
| accounts. | | | | own computer, in comparison, is vulnerable not only |
| 5. Historical data. | | | | to viruses and Trojans, but also hackers and other |
| 6. One-click orders, fast execution, stop/loss and | | | | alternative security breaches. |
| other risk management options. Forex trading is fast | | | | Overall, when choosing Forex broker and the trading |
| and volatile business. There is no time for error, | | | | platform, make sure to take it for a ride before you |
| double clicks or delays! | | | | decide to stick to it by investing thousands in your |
| 7. Price feeds and latest fundamental, technical news. | | | | trading account. Deposit small amounts and see |
| Some brokers send daily analysis via email. Some | | | | whether you can get everything you need out of |
| even offer SMS alerts. It is important to have price | | | | the platform. |
| feeds to be able to track the latest market prices. | | | | |