The foreign exchange became one of the most popular markets in the past few years and it\u2019s still growing. There are many reasons behind this increase: the ease of access, the availability of demo accounts, the almost immediate demand for the asset you acquired and most of all, the incredibly fast-paced technological advancement. Let\u2019s talk about the last feature and find out more about the top types of platforms which can ultimately have an impact on your Forex trading experience!<\/p>\n
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The MetaTrader4 (MT4) platform<\/strong><\/p>\n <\/p>\n The most effective and widely-used trading platform is the MetaTrader4.\u00a0 Designed by MetaQuotes Inc, <\/em>the robust MT4 is so accessible, user-friendly and fast \u2013 that traders with all levels of experience can work with it. What it offers definitely stands out: one-click trading from advanced charts, a large range of tools, it allows you to back-test strategies and it can be customized with the latest indicators or auto trading systems (Consultancy Experts). These are just some of the features; the platform is actually very comprehensive, yet ironically so easy to use. As a trader, you\u2019ll find out along the way that it\u2019s always good to have as many options as you can to get the best out of each trading experience; but when an online broker offers them all, it\u2019s definitely a keeper!<\/p>\n <\/p>\n The WebTrader platform<\/strong><\/p>\n <\/p>\n Although it is less popular than MT4, WebTrader can easily be categorized as a professional and innovative web-based Forex trading platform. Some of its main characteristics are: one-click operations for opening and closing trades, placing direct orders, setting stops and entry limits and exceptional charting. Traders can also follow up the latest news and analytical comments as well as quote changes in an online mode. Even if the most successful Forex brokers are known to offer MT4 as their trading platform, WebTrader is just as well-equipped and professional. Don\u2019t hesitate to trade with a broker that offers it!<\/p>\n <\/p>\n The Currenex platforms<\/strong><\/p>\n <\/p>\n The creators of Currenex platforms knew that there is a beginning of the trading journey and also a continuity, that\u2019s why they came up with two types of platforms available for traders who are just making the first step towards their Forex trading adventure, but also for the experienced ones who already know the game. The first type, named Currenex Classic, is a Dealing Desk platform. Such platforms are usually offered by brokers who want to act like market makers, as the platform is connected to the broker\u2019s dealing desk and all trades must necessarily pass through the desk. In other words, all prices come out from the dealing desk of the broker. Currenex Classic offers charts, standard trading tools and pretty much the basic trading instruments which make it suitable for beginners.<\/p>\n <\/p>\n The second type of platform is called Currenex Viking and it\u2019s a No – Dealing Desk platform. Unlike the Dealing Desk ones, here, the prices come from a variety of liquidity providers. The traders are given direct access to the money markets via the prices that are being displayed on the terminal. The Currenex Viking platform is not as accessible as the Classic one and it\u2019s suitable for experienced traders who already know how to master the Forex trading tools.<\/p>\n <\/p>\n The cTrader platform<\/strong><\/p>\n <\/p>\n Created by Spotware Systems Ltd<\/em>, the cTrader is an ECN (Electronic Communication Network) platform. ECN platforms, generally referred to as No \u2013 Dealing Desk, have a few important benefits that shouldn\u2019t go unnoticed. As we mentioned above, they link the market participants with their liquidity providers, giving the traders the opportunity to choose the price that suits their trading model. Other benefits imply: variable spreads, immediate trading execution and automated Forex market data feed.<\/p>\n <\/p>\n Conclusion<\/strong><\/p>\n <\/p>\n Even if there are a lot of platforms available in the online Forex trading world, we assure you that these are the most popular and you\u2019ll definitely bump into them. The MT4 platform remains the most successful and used one, but the others work just as fine, depending on your needs. Make sure you choose the broker which offers the platform you\u2019re most comfortable with, because this is the first step towards success in your trading career!<\/p>\n","protected":false},"excerpt":{"rendered":" The foreign exchange became one of the most popular markets in the past few years and it\u2019s still growing. 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