There are many different forex trading platforms that traders can use. The choice can be a bit daunting for the new trader.
At FXAcademy.net we suggest new traders start with the most commonly used forex platform amongst retail traders has to be the metatrader 4 platform. It is both very easy to use and has good charting software. It also has the ability to run expert advisor scripts. These are scripts that open and close positions automatically according to a set of rules. Expert Advisor scripts usually require little or no human input.
There are a wide array of technical indicators that can be used to analyse charts such as RSI, Stochastics, moving averages, momentum indicators etc. Unlike many platforms, MetaTrader 4 also has the ability to use custom trading indicators.
Forex brokers that use the metatrader 4 trading software include:
http://northfinance.com
http://interbankfx.com
http://odlsecurities.com
http://fxdd.com
Please note that the above links are for informational purposes only and do not reflect a recommendation in any way.
The brokers who do not use the metatrader 4 trading platform will have their own. Oanda for example have a user friendly trading platform works in the web browser.
FXCM, CMS Forex are also brokers who have their own platforms. It’s difficult to say which forex trading platform is best for you, because we each trader has a set of individual needs therefore the best way is to try a few and see which you prefer!
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