Tag Archives: forex platforms

5 Best Forex Trading Platforms Online Today

People often talk about the comfort and usefulness of various Forex trading platforms. Some programs are pretty popular while others are not. The team of JustForex  kindly provided this article about the criteria to know while choosing among the best Forex trading platforms.

How Should Best Forex Trading Platforms Look Like

  • Quick and efficient – Every second is important for scalpers and day traders.
  • Functional – Look at indicators, charts, timeframes, and other instruments. They are also important for short-term, long-term, and swing traders (mid-term).
  • Intuitively easy – A user-friendly interface also can influence your work. You should have a direct access to each feature.
  • Secure – Your data should be highly protected as well as your trading funds. Keep in mind that security depends on both trading platform and broker.
  • Mobile – A Forex platform should work with different systems and devices.

We have collected the best Forex trading platforms that are popular among pro traders. They fit all the points noted above and would be the best 5 choices for Forex trading.

5. Mirror Trader

Mirror Trader by Tradency works like a platform of social trading, as its name suggests. This platform works similarly to the next one and can compares to PAMM account. People can trade fully automatically, semi-automatically and manually here.

4. Zulu Trade

Zulu Trade has been developed by the Zulutrade company. People call this system a provider of free signals around the world. Its community consists of nearly 1200 traders who share their signals. But their effectiveness is different. That’s why the Zulutrade Alchemy service offers new subscribers all-inclusive analysis to make their choice more easy and correct.

3. Ninja Trader

Ninja Trader is a platform developed by the self-titled company. It has full functionality and allows trading of currencies, forwards, futures, options, and even stocks. It has a set of means for market analytics, different features for manual and automated trading, and many other pleasant benefits. Its main advantages are strong security and high efficiency. There are also two versions of NT, Lite (free) and Pro (paid).

2. MetaTrader 5

MetaTrader 5 or MT5 is an improved version of the 4-th one. MetaQuotes aimed for creating a full platform with the complete set of trading opportunities. It allows trading futures, CFDs, options in just one account. As for analytical instruments, it has 79 features for performing the technical and fundamental analysis. There is a chance to work with 21 timeframes, level II, alert system, etc. Moreover, MT5 is even quicker than its “older brother” MT4.

1. MetaTrader 4

MetaTrader 4 or MT4 takes the 1st place as the best Forex trading platform for retail trading. The majority of traders use it for their everyday work. It is software developed and released by MetaQuotes Software Corp. This program allows both manual and automated trading. It is widely used since its release in 2005 thanks to its productivity. MT4 offers a perfect security, many analytical opportunities and automated trading (plus programming).

So, these were the most popular and effective Forex platforms for traders. But you are free to decide which software suits you the most. We advise you to test different platforms before making a final choice. Choose the one and earn money with comfort.

We wish you success and high profits!

5 Reasons to Use VPS Hosting for Forex Trading

Forex trading has always been a time sensitive business. Even a few seconds of delay may cost you hundreds of dollars. Whether you trade from home with a personal computer or work with a Forex broker, you must be prepared to address the challenges like latency, slippage, and security. Trades made from home or office computers are more likely to face the challenges like Internet connectivity, power outage, etc. To book the maximum profits from Forex, traders must consider using Forex VPS Hosting for the execution of fast Forex trades. But why VPS hosting for Forex trading is a relevant solution to tackle these problems? This blog post will give you 5 reasons. But first…

What is VPS Forex Hosting?

“VPS hosting, what is this?” is a question that has come to your mind at least once! Unfortunately, there are not many sources explaining in details the Forex VPS term. Thus, we will now discuss what is VPS Forex hosting and how it supports the opening of fast Forex trades and how it helps your trading connectivity.

The VPS Forex hosting is a server solution for expert advisors. The term FX VPS stays for Forex Virtual Private Server. In other words, VPS for Forex guarantees rapid implementation of trades through an ultra high-speed hosting server – a way to minimize trading slippage. Now let’s discuss the top 5 reasons to use VPS server for Forex trading.

1.     Flexibility to Trade from Anywhere

With VPS, you can enjoy the flexibility of trading from anywhere. Let’s take a real-life example to demonstrate it.

Imagine you run Metatrader Expert Advisors on your home computer. You’ve set up trades to happen automatically when certain market conditions and pricing levels happen.

What if you are not on your computer desk? Well, an answer is simple, you cannot trade. Yeah, it’s possible to some extent either with the notebooks or laptops, but with a desktop PC there’s no chance.

With VPS, the situation is quite relieving. You can trade from almost anywhere because all you need to trade is PC/laptop and an Internet connection. Just log in to your Forex VPS for MT4, connect to the best Forex software for you and start buying and selling currency!

Forex VPS Hosting

Forex VPS runs round the clock, enabling you to run trades automatically day and night without exhausting your personal computer. As soon as the correct market condition occurs, automated trading bots trigger the trade.

Unlike desktop PCs, VPS for Forex trading are built on powerful hardware, robust operating system and high-speed internet connection that can work non-stop for a long period of time.

In a nutshell, to host your Forex trading platform, robust solutions like Forex VPS hosting is recommended. After all, your money is at stake, and you don’t want to take a risk.

2.     Enjoy Ultra Lowest Latency

Latency is the most crucial factor affecting profit while trading. Well, it may sound bit technical term, but it’s just the speed measurement on which orders are transmitted to trader’s server.

The lowest latency ensures the faster execution of your order to broker’s trading system. Whereas higher latency causes the slippage, as prices are updated very rapidly, and filled order price may get changed at the time it reaches to your broker’s system resulting in the loss.

At this point, you may have a question like, “What’s the role of VPS here?”

Apparently, VPS is the only answer here, because your local computer runs with a latency of around 800 milliseconds whereas the recommended latency is around 200 to 250 milliseconds to make the most orders transmitted smoothly.

VPS hosting for Forex trading transmits your orders faster by using its enhanced processing power, swift Internet speed, and lower latency. The only thing you need to ensure is the geographical distance between your VPS and trading server.

To achieve the maximum performance, you should host your VPS nearest to your involving trading servers. Closer the VPS is to trading server, the lowest the latency will be and there will be less chances of slippages.

Let’s consider an example to have better understanding of this:

VPS Hosting for Forex Trading

You can see that home computer has a high latency of 800 milliseconds to reach the server of a good Forex Broker whereas if you buy the FX VPS nearest to your Broker’s server, the latency is 100 milliseconds.

3.     Guaranteed Connectivity

As we know that, an uninterrupted and fastest Internet connectivity has a major role to play in successful trading. Running trading from desktop/laptop with local internet provider may not fulfill this essential requirement.

With VPS hosting for Forex trading, you will have reliable and constant Internet connectivity with 24/7 availability. Forex VPS are equipped with the high-speed port connectivity ranging from 100 Mbps to 10 Gbps, which is way faster than your local Internet connection.

Furthermore, your trades will remain unaffected, no matter whether you have a poor connectivity or it’s completely down. So, instead of running Forex trading locally, VPS is the best suitable option to run your trades uninterrupted, faster and reliable.

4.     Reduce Forex Slippage

“What is Forex slippage” is the other question that has come to you at least once. The Forex slippage definition states: Slippage is the difference between the trade order price and the price of the executed order which occurs due to latency. I’ve probably seen that it takes around a second after the click to implement a trade from a standard PC. The price changes during this second and you are taking the risk.

There are many reasons of latency like Internet connection speed, distance from your location to trader server location, etc. SSD VPS hosting for Forex is recommended in trading as it can handle rapid order executions, due to its high internet speed connection and optimize server hardware which leads less slippage. Forex traders just need to look for a VPS configuration with the optimal amount of RAM and SSD disk space to make sure blazing fast execution of orders.

How Does the Forex Slippage Control Affect Trading?

To earn maximum profits, it is necessary to trade the exact order price that you want to trade. But the executed order may be different to that of your desired order due to latency caused by different causes. So you see your price and click to trade, while the click is on process the price changes and your click executes another price. This is slippage, and it has a great impact of your Forex trading capital.

How Can VPS Hosting for Forex Trading Help in Reducing Slippage?

SSD VPS hosting is recommended for Forex trading as it can handle rapid order executions, due to its high internet speed connection and optimize server hardware leading to less slippage. Forex traders just need to look for a VPS configuration with the optimal amount of RAM and SSD disk space to extract the fastest possible order execution in Forex.

5.     Easy Resource Upgrade

While running VPS Forex trading, you can assign guaranteed resources like disk space, RAM, CPU to your favorite Forex software and Expert Advisors.

With a single virtual CPU and 1 GB of RAM, you can easily run 2 to 3 Forex instances. To run more instances, you can simply upgrade your Forex VPS resources as per your requirement, without affecting the existing settings and data. Thus, you can enhance the performance of your existing profitable EA, by upgrading your VPS with just a single reboot.

Many VPS providers offer Fully Managed VPS, where they continuously monitor your VPS resource usage. If any of the VPS resource usages goes high, the VPS provider will notify you, and you can upgrade resources.

Conclusion

While you are running a Forex business, you cannot afford downtime, error, or any security threats. VPS helps you run your Forex business securely, continuously, efficiently, and automatically.

By investing in a Forex VPS, there is a little-to-no delay in the transaction, so traders are more likely of placing the bid they want at the exact moment they want. To achieve the financial success in Forex trading, you should always count on VPS Forex hosting.

If you want to share your experience with Forex VPS, or you know any other benefit of running Forex trading on VPS, please share with us in the comment section.


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Forex Today and Where is Forex in Your Trading Portfolio

Where is Forex Today in Your Currency Portfolio

The key to success in Forex trading all starts with understanding where is Forex in your trading portfolio. In today’s guide, we’re going to talk you through everything you need to know about getting started, in a safe and secure investment environment. Diving in with Forex without knowledge will only end in tears. So, let’s clear up a few things for anyone out there who is new to the foreign exchange trading game and needs to learn where is Forex today in his trading portfolio. Ready to get started?

Understanding Forex Portfolio

Before we get started, can you explain what is Forex trading in layman’s terms? If not, then the chances are that you have difficulties understanding Forex.

Forex Trading Portfolio

It is vital that you learn about Forex before getting involved. It’s a high-risk game to play, and stakes can be enormous. Without a little education, you can damage your trading portfolio irreparably with successive Forex loss. If this sounds like we are trying to scare you away from Forex trading, we’re not. It can bring you incredible rewards – but you are unlikely to see them if you go in half baked with your portfolio Forex management.

Therefore, we will now go further in the Forex portfolio as a potential to profit from the Foreign Exchange market.

Forex Trading Principle

The principle of Forex trading is easy enough to grasp. At the top of the pile, governments swap currencies and make trade deals. Because of the market changes of currencies, there is always one side that ends up better off, while the other is worse off. These changes trickle down into a trading environment that individual investors can access. So, where is Forex today in your trading portfolio? In essence, currency trading is a game that goes into your foreign exchange portfolio. People invest a certain amount of money on currency, asset, or financial product, and hope for a particular result. You can bet that the currency value will rise in a particular time frame, for example, or, perhaps, you can gamble on it going down.

Forex Exchange Portfolio Platforms

There are a variety of innovative Forex trading platforms that you can use for your currency portfolio – each of which has its own set of rules. And, because you are dealing in global currencies, there are also legal regulations you need to consider, too if you deal with portfolio Forex management. It is vital to research these rules – and the Forex brokers you plan to use. Make sure you understand thoroughly Forex broker Terms & Conditions in order avoid unpleasant consequences for your Forex portfolio.

Is Forex Today a Good Addition to Your Trading Portfolio

Because of the risks involved, a robust trading portfolio should not include Forex trading. That’s not to say you should avoid it – but you need your house in good order first. As any investment guide will tell you, sound investing means only using the money you can afford to lose. It’s, even more in the case with a Forex portfolio. Stakes are incredibly high, and it takes a long time to learn the intricacies of the Forex trading environment. Experienced Forex traders learn to ‘feel’ the market, and understand how tiny fluctuations can have a big impact. And, of course, they know that a failure rate of over 50% is not an issue, as long as they still leverage big wins. It’s this that is the major risk factor in Forex – you are more likely to lose. Unless you can handle those losses, it can cause you major issues.

Forex trading is not for everyone. But if you have spare money that you can afford to lose, it can bring high returns. If you invest in other assets as well, make sure that Forex sits slightly outside your main trading portfolio, rather than being the centerpiece.


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Good Forex Broker – 4 Things to Look for in an FX Broker

The Forex market is the largest financial network, and the Forex broker is a crucial part of it. When choosing a good Forex broker, it is important for you to know what is the FX broker offering and what are the advantages, if you open an account. The Forex market is a part of a global financial network. You don’t need to choose a Forex broker from your own country if you don’t want to. You have the ability to choose a currency broker who resides in some other country.

Research the FX Broker Market

The first thing you need to do before start trading is to research the FX Broker market. Check out what mass of the brokers are offering and write down the most competitive foreign currency brokers. As we know, competition is what makes companies great at what they do. It works the same way with the top Forex brokers. Therefore, when you distinguish the best companies in the industry, you should know that your currency broker is among them. Then you should look for the following four characteristics, which distinguish the good Forex broker from the rest.

4 Characteristics of a Good Forex Broker

Here are some characteristics shared by Easy Markets that you should look for while searching for a good Forex broker:

Good Financial Background

There are many newbie traders who think that it is not that important to check the assets of the FX broker that he is going to choose. They think that whatever their funds are, they will get profit as there are traders around the world who are depositing money in their accounts. But this is not true. A good Forex broker needs to have a good asset base of their own. This will ensure you that your money is safe and secure.

Good Forex Trading Platform

Foreign currency brokers work with trading platforms. In order to trade Forex, it is important to use a Forex trading Forex platform that is efficient. The trading platform allows traders to receive Forex news, carry out technical analysis, trade in the market and manage their accounts.

FX broker trading platform

The Forex markets are extremely volatile and dynamic. This is why top Forex brokers have quick and responsive trading platforms regarding price action. There is a simple way in which you can judge these trading platforms. All the good Forex brokers offer demo accounts where you can practice on real trading charts until you become an expert.

User-Friendly Trading Account

There are many aspects of the trading accounts that the FX broker is willing to offer you. Some account features of the top Forex brokers are:

  • Minimum Lot Size which You Can Trade
  • Minimum Deposit to Open an Account
  • Leverage Available
  • Size of Spreads Offered
  • Funds Withdrawal Methods

Make sure that your FX broker lets you to easily access your account and to retrieve money whenever you want. After all, if you are not able to reach your money at any time, why choosing this particular foreign currency broker?

Customer Care

The good Forex broker has a great customer care. The Forex market almost never sleeps. It is open 24 hours a day, five days a week. So, customer service personnel of your currency broker should always be there for you whenever you need help. Before choosing an FX broker, make sure that they will be there for you whenever you have a query, or you need help in Forex trading.

Conclusion

  1. The foreign currency broker is a significant part of your Forex trading experience.
  2. First, you need to research the FX broker market to find the best companies in the industry
  3. You should be aware of the conditions your FX broker is offering you in exchange for opening an account.
  4. The good Forex broker should have:
    • Good Financial background
    • Good Forex Trading platform
    • User-Friendly Trading Accounts
    • Great Customer Care
  5. If you find these four qualities in a currency broker, then this might be the one for you.

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Best Forex Software: Online Forex Trading Forex Platforms

Your Forex platform is of great importance to the success of your online Forex trading account. Every platform Forex software has specific features, which are helping Forex investors to improve their trading experience. Today we will discuss the features, which the best online Forex trading Forex platforms should have. This article will then help you to choose the best Forex software for your Forex trading needs.

Best Online Forex Trading Forex Platforms

Some Forex platforms are better than others. Therefore we will look at the important elements which every online Forex trading Forex platform should possess.

Forex traders are constantly looking for ways to gain an edge on the Forex market. But to gain an edge, you will need to find ways to customize your Forex platform, so that it will fit your trading style. To accomplish this, it is vital to have a Forex platform that you can design by yourself. This way you would be able to personalize your Forex trading experience.

The other important feature is the set of tools on your Forex trading platform online. In other words, what type of Forex indicators and oscillators are included in the top Forex trading platforms?

For this reason, the next two paragraphs will be dedicated to the Forex platform customization and the best Forex software indicators.

Forex Platform Customization

Many online Forex trading experts consider that the most important element in Forex trading platforms is the high level of personal customization.  Each of the best Forex trading platforms offers customization. This feature is extremely useful to traders who base their strategy on technical analysis.

When we look at the market as a whole, it is difficult to deny the fact that Meta Trader 4 has attained the highest level of accolades in these areas. This is why it is considered one of the best Forex software products. If you are not familiar with this Forex platform, use this Meta Trader 4 download link to get it. The customization of the MT4 platform is so high that Forex programmers are can build indicators by using the MQL coding language. The MQL4 Community is very big nowadays, and it unites Forex programmers from all over the world. This is why many Forex traders consider Meta Trader 4 to be the best online Forex trading platform.

Best Forex Software Indicators

The indicators included in your online Forex trading platform are of great importance. If there are no indicators in your Forex platform, how are you going to implement a detailed technical analysis? Furthermore, the default parameters of indicators are unsuitable for some traders. Therefore, it is always preferable to use Forex platforms that allow users to modify indicators.

Best Forex Software Indicators

This is an example of the MetaTrader 4 Forex platform indicators. This is a chart, which includes eight different indicators: Trendline, Moving Average, Stochastic Oscillator, Volume Indicator, Ichimoku Cloud, Moving Average Convergence Divergence, Momentum Indicator; RSI Indicator

Does your strategy involve less commonly used indicators like the Average True Range (ATR) or Stochastic Oscillator? Do you employ harmonic or Elliott Wave methods? Meta Trader is one of the few Forex trading platforms, which include these type of indicators. If your strategies use any of these, you will need to choose among the Forex platforms that allow customization.

All of these are factors to consider when new traders are looking for the best Forex trading platforms available currently.

Online Forex Trading Account

online forex trading account

When you find the best Forex trading platform for you, you would need to research which Forex brokers use it. Then you should research your broker as well. First, you would need to check if the broker specifications respond to your requirements. In this relation, you would need to research the following details:

  1. Financial Instruments and Contracts Offered
  2. Spreads with the Different Financial Instruments
  3. Leverage with Different Financial Instruments and Contracts
  4. Minimum and Maximum Deposit Requirements
  5. Bonus Promotions (Deposit Bonus, Rebates, Debit Cards, etc.)

After you research these, and you find out that the broker suits your needs for online Forex trading, you will need to do another research. You will need to find out if the broker is legit. The Forex trading market online is extremely developed nowadays. There are thousands of brokers available, and each of them offers more and more attractive trading conditions. However, most of these brokers are scammers, and they profit not from spreads and commissions, but from your misfortune. Therefore, if you want to ensure that the broker is legit, you should check the following details:

  1. Broker’s Financial Regulation – Never trade with a broker, which is not fully regulated. You want to have an authority behind your rights in case you get scammed.
  2. Leverage – Legit brokers offer a maximum leverage of 1:100. The reason for this is that the big liquidity providers, which the brokers claim to work with, do not provide higher leverage conditions. So if a broker offers you a leverage of 1:500 or 1:1500 (yes, it happens), you will know that it is a scam.
  3. Forex Trading Platform Reviews – Check online what other people think of the broker and the Forex platforms in your focus. Scam brokers tend to modify charts. If you read the T&C of a Forex broker, you will realize that most of them keep the right to change the spread if needed. Scam brokers employ people, who widen the spreads when the Forex rate is close to a psychological level. The stop losses of traders get hit and many Forex trading positions are closed with a big Forex loss.

When you research the information written in the points above, and you realize everything is OK, you can proceed to open an online Forex trading account with the respective broker. If you have doubts about even one of these points, you should never deposit with this broker, because you risk to never seeing your money even if you are a successful and profitable trader. Even if you manage to account profits with a scam broker, there is a great chance that they won’t satisfy your withdrawal. In other words, even if you win, they might not pay you back.

Conclusion

  1. Your Forex trading platform is crucial for your success in the online Forex trading.
  2. The best Forex trading platform for you should offer two basic things:
    • Customization –You should be able to be in charge of your Forex trading experience.
    • Forex Trading Indicators – The good Forex platforms offer a rich set of indicators, so you will be able to perform a high-quality technical analysis.
  3. When you find the best Forex trading platform for you, you would need to research the brokers which offer it. Then you will need to research the broker.
  4.  Broker’s Terms & Conditions
    • Financial Instruments and Contracts Offered
    • Spreads with the Different Financial Instruments
    • Leverage with Different Financial Instruments and Contracts
    • Minimum and Maximum Deposit Requirements
    • Bonus Promotions (Deposit Bonus, Rebates, Debit Cards, etc.
  5.  Is the Broker Legit?
    • Broker’s Regulation
    • Leverage Offered
    • Forex Trading Platform Reviews

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Forex Trading Platforms Online: Innovative Forex Platforms

Innovation in trading is crucial for the progress of the financial markets. In Forex,  innovations take place in the Forex trading platforms online. Therefore it is crucial to be up-to-date with the latest online platform updates.

What is a Trading Platform

Beginners in trading ask themselves the question “What is a trading platform?” Therefore, we will now give you a simple answer to this question. The trading platform is that type of software which connects buyers and sellers online.

Online Forex trading platforms exist thanks to external providers in the net. In most of the cases, these are the separate trading brokers. Forex trading platforms downloads as software, which gets installed on your device. However, there are also online platforms which do not require software installation. These Forex platforms are reached through simple internet browser.

Innovative Forex Trading Platforms

Many of the basic structures in the financial markets have changed drastically over the last 10 years. We saw the occurrence of new financial assets available for online trading. As a result of this, many new automated trading systems came along with the innovations in Forex.

In this relation, Forex trading platforms have also gone through an upgrade. The nowadays trading platforms have reached a level where they can be fully customized according to everyone’s needs. Also, indicators of the new trading platforms are built externally and could be fully modified.

Combining Assets in Online Platforms

Combining Assets in Online Platforms

One of the most interesting product innovations nowadays is the online Forex trading platform cTrader, offered by FiboGroup. The biggest advantage of this Forex platform is that traders can combine different asset types in a single approach to the market. Experienced traders understand that it doesn’t make sense to bond with only one asset type at any given time. So, traders should approach this latest Forex trading platform to expand their investment toolbox.

In terms of specific asset approaches, the cTrader electronic trading platform makes trading much easier. It contains both Forex and CFD instruments. Therefore, you can trade both Forex and CFD without having to use different online platform or broker. Honestly, there aren’t many brokers that offer this type of access in one trading account. This means that traders interested in these markets would need to select at least two different brokers. This is simply unnecessary and overly time consuming. This is why traders should look deeper into the cTrader Forex platform offered by FiboGroup.

Building Strategy in Your Forex Platform

Building Strategy in Your Forex Platform

The main pro of the innovative Forex platforms is that you will be able to construct a more comprehensive strategy to outperform the market. Most traders tend to limit their resources in order to achieve a better level of simplicity. But there are generally not many advantages to keeping things simple in the financial markets.

In order to truly maximize profits, traders need to find innovative online platform that allows for new approaches and trading methods. These types of Forex platforms have become rarer these days. However they are still available in products like the latest platform by FiboGroup.


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