Before joining Forex or
foreign exchange trading, there are many things to be considered. Other
than preparation, planning, and knowledge about currency exchange, we
also need to choose Forex trading platform.
The role of trading platform is as a connector between the trader and
the broker. The platform will give information for both parties about
charts, quotes and many more.
We can choose software of Forex trading platform
based on the location. The software needs to be installed on our
computer and should be compatible with the Operating System we use. In
this case, the broker usually provides different options for us, for
example Forex trading platform software with web-based. This kind of
software actually gives more advantages in term of compatibility, since
it can be installed in almost all kind of computer Operating System.
Generally, Forex trading platform can
be got for free, but it just a common platform with limited function.
We can buy platform software from a broker who offers platform with
higher function. The broker usually offers Forex trading platform
functions with different levels, so we can choose one which suitable for
us. There are some things we can use to help our decision.
The first thing is whether the Forex trading platform is free or not.
Adjust it with our budget and need, and consider functions or features
available. Since we need to see the chart, make sure if we can trade
from the chart available or not. Choose Forex trading software which
provides data of history. We can trace or make it as an evidence, just
in case a problem comes up.