subject: Tips When Getting A Forex Trading Platform [print this page] A forex trading platform is necessary for you to be able to trade currencies. However, not all platforms are the same. Some of them are "just fine" while others can give you the edge, especially if you are new to the business. Here are some tips when selecting and getting an FX trading program.
First of all, the platform must come from a forex broker. A broker is basically an individual or a firm that aims to provide traders with a platform so they can buy and sell currencies. And because brokers also manage accounts for traders, they are experts in trading currencies. That is why their tool for trading the forex trading platform is also of top quality. They usually customise ordinary software to snug fit the needs of their traders. If you acquire your program from brokers, don't be surprised if it's a MetaTrader 4. This software is a favourite among brokers.
Another tip when getting a platform is making sure it comes with a free trading account. If you decide to download it from a software website, naturally, there won't be any trading account involved. Get it from a forex broker though and you are likely to receive a free demo account. The demo account is used as a practice account for new traders who want to ascertain whether the services of brokers are satisfactory or not. It will let you "trade" but the money and the results involved are not real.
A forex trading program must also have a mobile version. This means that the software is not only available in the computer format; it must also be usable in mobile devices such as smart phones. Some programs like MetaTrader 4 already have this version. This version is extremely useful for people are always on the go. They are able to monitor their account's performance even when they are on the way to the office, and even when the computer is not around. But if you plan to trade FX purely at home or in the office, then you can pass this tip.
Finally, your forex trading platform must be backed by customer support. Whether the software is free or paid, it must be supported by customer service. Users will naturally have questions and they will need answers. So before your download a program, search the source for a contact number or email. Contact information will be useful once you start using their platform. If you downloaded it from a forex broker, you can also call their customer service for enquiries regarding the program.
by: Bridegette Sean
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