A forex trading platform is provided by a forex broker to view market information and execute trades with MetaTrader 4 the most popular forex platform worldwide. The forex is an exclusively digital venue offering individuals from around the globe an opportunity to trade currencies remotely via internet connectivity.
It is by far the world’s largest marketplace, facilitating over US$5 billion in trade on a daily basis. Such vast levels of participation are attributed to favorable market conditions and low barriers of entry. All that is needed to begin trading on the forex is an internet connection, capital, computing capabilities.
Best Forex Trading Apps In 2021
MetaTrader 4 (MT4)
Metatrader 4 was the most popular forex platform for most traders until pretty recently. It set the standard for charting and analysis in particular. Traders could develop their own tools and be also secure in the knowledge, that the broker while having integrations, did not operate (or have the power within) the platform.
Many brokers develop their own trading platform, both on websites and mobile. This gives them to freedom to create exactly what traders want. The downside, of course, is that brokers also create apps for what they want which is for traders to trade as often as possible.
It is a trade-off worth making, as many of these in-house apps are feature-rich, configurable, and easy to use. Many brands will also offer both an in-house platform and MT4 and MT5 options. The best of both worlds for traders.
Robinhood optimized its brokerage service for millennials, so it has a very intuitive and well-designed mobile trading platform. We also liked the additional security features, such as the use of fingerprint sensors for accessing the app.
NinjaTrader is a popular choice among futures, equities, and forex traders. Featuring advanced analytics coupled with affordability, it is an all-inclusive software trading platform. With more than 40,000 users worldwide, the NinjaTrader community offers top-tier support and customer service. Construct fully customized strategies without a programming background using the Strategy Wizard. Tech-savvy traders may code their own strategies using the C# based NinjaScript.
A pioneer in the arena of social trading, ZuluTrade presents individuals with a method of consulting and copying the trades of other traders in real-time. ZuluTrade is an attractive alternative for individuals who are just starting out or those who simply do not have the time to fully engage the forex. ZuluTrade gives users the ability to automatically execute the trades of other traders, customize risk management or create custom alerts.
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