Forex Trading Platform

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 world’s largest marketplace, facilitating over US$5 billion in trade on a daily basis.¹⁾

Such vast levels of participation are attributed to favourable market conditions and low barriers of entry. All that is needed to begin trading on the forex is an internet connection, capital, computing capabilities and a trading platform.

Perhaps the most important of these inputs is the trading platform, which is a software suite that gives individuals the ability to access and interact with the market. It is an indispensable tool, one that makes both analysis and active trading possible.

To put it simply, the platform is the trader’s portal to the market.

CHARACTERISTICS OF THE TRADING PLATFORM

A truly great platform offers robust functionality through a user-friendly format. The platform is an indispensable part of completing the following tasks:

• Market Analysis: The platform streamlines the analysis of price action. Charting capabilities, indicators and other technical tools are included within the software.
• Trade Execution: Entering and exiting the market in a number of ways is made possible by the platform.
• Strategy Development: Backtesting, system optimisation and historical data analysis are features typically included in the platform’s functionality.

Forex trading is a highly competitive and fast-paced arena. In order to keep from falling behind, one must identify and employ the platforms that combine leading-edge technology with innovative flexibility. Trading Station, MetaTrader 4 (MT4), NinjaTrader and ZuluTrade are industry leaders in the provision of forex trading platforms.

TRADING STATION

Trading Station is FXCM’s proprietary, flagship platform that furnishes users with an abundance of options for both analysis and execution. It is a solid choice for traders of all experience levels, from novice to expert.

Trading Station provides award-winning functionality in the following areas:

• Charting: Advanced analytical options are readily accessible including the professional charting suite Marketscope and Real Volume indicators. In addition, the Chart Trader and a wide variety of pre-programmed technical tools are available.
• Automation: Customisable trade automation is included in the Trading Station software suite. Also, backtest and optimise any strategy quickly and automatically.
• Order Entry: Multiple order types for market entry and exit are readily at hand.
• Accessibility: Trading Station is available via download, web or mobile application.