knowledge whether you like it or not. As a forex trader you are faced
with computer tasks, one of which is installing and using forex
trading software.
Many of us just follow the instructions of a forex broker to install
and download the trading software without thinking twice, but do we
really know what the term software means? A simple example
might help. When you rent another episode of Sopranos on DVD you
actually bring home software that is stored on that DVD. Your DVD
player, on the other hand, can be called a hardware device which reads
the software from your Sopranos DVD and shows it to you via TV screen.
In our case, your computer is the hardware and forex trading
software is a program with all kind of trading applications and
features. Once the software is downloaded and installed your computer
is able to open the program and you can enter the trading market. Who
creates forex trading software and how is it done? Professional
programmers write Forex trading software using programming languages
such as Java, C++ or others.
Online forex trading platform is designed to meet the needs of forex
traders. The platform has all the necessary components, brokerage
services and trading features. One of the widely used forex
trading software is called MetaTrader 4.This trading platform is
complex enough to have all the broker services in one place and
hundreds of forex brokers are using this particular software as their
forex trading platform. Some forex brokers create their own
forex trading software. Many have an option of web-based trading
platform, meaning that you don't have to download and install a thing.
You just log into your account using your username and password and
aula!! The main features of all forex trading software, whether
MetaTrader 4 or "homemade", are live quotes, graphs and charts,
trading tools, technical indicators, profit and loss, margin, open
positions, current P&L, trading history and more. Some of
the forex brokers can go even further with their forex trading
platform and create all kind of special features for their traders,
such as chat rooms, special inside indicators, gaming features and
competitions! For example, Easy Forex broker has a very interesting
trading feature called "InsideView" - it shows which currency is
favored by all the traders of Easy Forex.
You can make your decision based on popularity of selected currency
pairs! Another example is eToro with its magnificent game-like trading
software. No doubt that we are all very serious and professional forex
traders, but a touch of a game, especially when it comes to trading
competition makes forex trading much more interesting! What can I say,
I am a computer geek!! If you loved "Diablo" or even "Mario", gaming
trading features are very welcomed! Whether you choose a forex
broker with MetaTrader 4 forex platform or a broker that provides his
own trading software make sure to check every feature before you make
a deposit. The best way to familiarize youself with a particular
trading platform is of course try the demo. Do your homework
and forex trading will be like spreading butter on a piece of bread!
Protect Your Profits and Legally Beat the Brokers at Their Own Game:
http://brnightmare.hit.to/
�Game:
http://brnightmare.hit.to/
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