| Every broker likes
to have his own trading platform, which he develops it to suit his
customers trading needs and habits. The trading platform is the
interface between the trader and broker in which the trader can
submit, modify, or cancel his orders and positions.
There are two main types of trading platforms
1. Desktop: Used by traders trading on their
desktop computers and laptops.
2. Mobile: Used by traders trading on their
pocket pc's, mobile devices, and wap enabled phones.
The desktop version usually is a more
comprehensive version than the mobile version. It also contains
sophisticated charting and analysis tools not found in the wap
version.
Most trading platforms contains the following
main modules:
1. Prices & Quotes
2. Orders
3. Positions
4. Balances and equities
5. Charting
6 News
Brands:
Each broker loves to use his own brand of the
software. However, this could be a costly and tiresome choice; as
the broker need to have a development team or outsource one.
In the last two years, there came into fame a
universal trading platform called metatrader, developed by a 3rd
party company. Many brokers started to use this platform as their
own trading platform. Now, and since becoming popular, it is
becoming the most sophisticated and useful platform ever. Continued
development is being undertaken on this platform. New updates are
downloaded automatically, and it contains many developed features
that other platforms does not have.
The metatrader platform has one very important
feature, is that its ability to auto trade. By attaching an
Expert Advisor to a forex chart, this EA
can auto trade all your rules.
The updated version of metatrader contains a
ton of indicators, and other analysis tools to help you in your
trading decision.
Finally, there are other brokers who have
great trading platforms, and are continually developing them. Check
them out too.
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