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As a reminder the course is aimed for complete beginners.
I tried to keep the lessons short and to the point giving out clear examples
and videos where required.
Lesson 15. Currency Trading Platform :
You can’t trade without a trading platform.
The trading platform software is provided by your broker for free.
However which features a trading platform must have to be of any use?
The trading platform is a piece of software offered most often Free by your broker that you need to install on your computer. With the trading platform you will be able to do everything you need to do to successfully trade. You will be able to draw and analyse charts, place different types of trades and definitely manage the trade when in action apart from other important options. You will also need a high speed and reliable internet connection.
A good trading platform must be:
-easy to draw charts in multiple time frames.
-easy to draw and analyse charts based on bars and candlesticks.
-easy to plot on all standard technical indicators
-clear charts with clear graphics
Furthermore the trading platform must offer :
-easy to place orders at market. Limit and stop orders are highly important
-easy to track open orders with current price quotes and P/L
-easy to modify open orders (stop losses and take profits)
-report statements
-fast execution on orders
The most popular trading platform suitable for
the beginners is MetaTrader 4.
It is the easiest to use although not the best.
But it suits is purpose for beginners / intermediate traders.
Every comment, every upvote, every support is really appreciated.
Thanks For Reading,
@lordoftruth
If you missed to read my
previous posts from the series of Forex Education Center
You will find it in the down list: