Forex Brokers and Online Trading Platforms List

The Online forex market operates with a total turnover of Forex Market that can go as high as 7.2 trillion dollars each day. Being the most liquid financial market means that traders can enter the market anytime they want & place their trades.

Decreased requirements to trade the forex market, high speed internet & the advances in communication technology are all responsible for having driven this market to where it is today. These changes took the market from being limited to big financial institutions & multinational companies to the point that ordinary traders can now trade & participate in the largest financial market in the world through Online Trading net-works or what's called the inter-bank market.

Because of this new clientele, online Forex brokerage firms began improving their services & accessibility. Different platforms suitable for different types of traders have been designed to meet needs of this new market. With accessible online currency platforms & software that's constantly being improved, brokers are finding that popularity of forex market is rapidly growing.

Many Online Brokers feature Micro accounts. These accounts allow their clients to sign up & open a forex account with a minimum margin of 5 dollars.

If you're interested in opening a forex account, the first thing that you will need is a computer with a high-speed inter-net connection. The high-speed internet connection is important for an effective trade to work. You need for your orders to be processed quickly.

Next, you'll need to choose a currency brokerage company, the company should provide you with a trading software to use. The trading platform is simply a software program that is essential to connect to the market. You download it to your computer PC and use it.

It is important that you choose a platform that you are comfortable using.

• It must provide real time data that is accurate & up-to-date.
• It must be secure, & stable.
• It should have charting tools to perform technical analysis
• It should also have a feature which will allow you to store your trades history
• You should be able to execute orders with ease
• Easy to learn with

With all these features, you can really improve the way you trade in the forex market & also minimize the risk of losing money.

Consider opening a practice account, which is a practice account. This will allow you to try out the software and market without risking any real money. By practicing with practice account, you allow yourself the time to decide if this is actually the program that you would like to use.

Forex Trading Brokers

STP stand for Straight Through Processing Net-work. With an STP you'll be direct connected to the inter bank net-work through the Straight Through Processing Net-work.

MetaTrader 4

The Best Forex Platform - Trading Platforms List

Most traders will generally favor using an STP Broker because it is much easier to place transactions on STP execution

Traders who participate in Forex are investors who want to make profit by buying currencies which are appreciating in value & selling the ones which are depreciating. To trade Forex online, one needs to open a forex account with a broker & deposit money to facilitate online Forex transactions.

Brokers offer online trading platforms which are designed to stream live currency quotes to their clients (speculators) so that the speculators can instantly execute transactions.

Once a trader chooses a Forex broker, they then download their trading software, install it on a computer PC with an inter-net connection. Then open an account and login to the platform to receive streaming quotes of currencies. This streaming date is graphically plotted on a grid forming what is known as the Forex charts. The trader can then place trades through this software platform provided. Forex Brokers also offer Free Forex Demo Accounts which are free practice forex accounts that beginner traders can practice forex trading with.

Forex trades can not be made directly on the online forex market, & can only be placed through an online forex broker, connected to the inter network of other banks, this is the network of banks used to facilitate currency exchange trading.

The most favored Forex Trading software is known as MT4 Platform (or MetaTrader 4) , MT4 trading software is very easy to learn and has some of the best forex charts and this Metaquotes MetaTrader 4 charting package comes with Technical Indicators for technical analysis of forex charts.

Many Forex Traders agree that the best platform online is MetaTrader 4 software. When doing forex platform comparison most online forex traders compare other softwares as full of bugs, with a poorly designed user interface that is hard to use & navigate with, and sub-standard technical analysis forex tools to choose from.

Most Forex trading Brokers have even switched to MetaTrader 4 platform after facing pressure from their clients to implement this online trading software. Some forex brokers opting to offer a choice between, their own trading software and also the MT4 trading software, among other trading platforms like Currenex.

MT4 Platform

The MT4 is a software for trading the online financial markets. The MT4 trading software has versions for both Forex platforms for PC computers and Forex platforms for phone apps. The MetaTrader 4 trading platform is a forex tool used by online forex traders to get access to the market, analyze forex trading price charts and place forex orders through to their forex brokers using MetaTrader 4 software. MetaTrader 4 software is owned by the broker from where you can download it for free from their site.

The Key features of MetaTrader 4 Software - Desktop Version are:

• Extremely Fast Execution.
• Real time summary of client's order, account equity, floating profit & loss
• Forex Chart based Click Transaction via MT4 Trading Platform.
• Market Analysis Tools and Technical Analysis Tools - technical indicators
• Automated coding language and Forex EAs (Forex EA).
• Daily Account Trading Statement Sent to Clients E-mail
• Complete technical analysis package, with wide range of built in indicators and forex charting tools.
• Multilingual user interface - English, Arabic, German, Spanish, French, Chinese, Russian

These features make MT4 the most favored software.

As a trader you can download MetaTrader 4 Software & practice trading with these Forex tools on a practice account.

MT4 Mobile Software Edition

Trading on your mobile allows you to manage your forex account from your portable phone device, whether it is your smart-phone or your Pocket PC. Mobile platforms offer a convenient way to keep a tab on your forex account when you don't have access to your desktop PC. From your phone forex platform you as a trader can keep up with the price movements, analyze the market movements & adjust your orders from the phone. With mobile phone you can access financial markets from anywhere.

MetaTrader 4 Mobile Platform - Trading Platforms List

• Full features for management of accounts.
• Accessible from any location worldwide
• Currency charts
• 30 technical indicators - MT4 Trading Platform indicators
• Support all types of orders
• Financial market news
• VGA mode support.

MetaTrader 4 Platform Mobile (Smartphone Edition)

• Full features for management of accounts.
• Accessible from any location worldwide
• Currency forex charts
• Technical trading indicators - MT4 indicators
• Supports all types of orders.
• Financial market news

The MT4 Mobile platform - Smartphone Edition is the mobile trader for smart phones operating under the MS Windows Mobile.