The majority of the world’s online forex trading is done on a computer using specially developed software. Most forex traders utilize web-based or downloadable forex trading platforms to help keep track of market fluctuations and automate repetitive tasks. Here is a list of just a few that we like:
eToro is an online forex trading platform with a user-friendly layout, making it easy to navigate for the new trader. Robust tools on this web-based application will satisfy the advanced trader, as well. 24-hour customer service, real-time analysis and live forex trader forums are available to all users. $50.00 opens an eToro trading account with no account fund levels. Weekly practice championships offering cash prizes pit traders of all skill levels against each other.
A downloadable trading platform helps the new trader with the basics and offers tools for the advanced user. Easyforex’s philosophy is that trading should be simple with clear goals and provides online tools to get the beginning trader off the ground quickly. Each account holder is assigned a personal account service manager and has access to extensive training and support. Live forex charts and real-time SMS market updates keep traders updated.
An online portal of sorts, ForexPros offers numerous services, including an easy-to-use web-based platform. Open an account for as little as $100 and get interactive classrooms, the latest financial news, 24-hour customer service, low pip spreads and no-fee withdrawals and deposits. Streaming charts, financial calculators, and more in several languages are offered to all users.
FXcast is an online forex broker offering a number of resources, including the ultimate in secure trading. A very reliable platform offers less in the way of bells and whistles, but makes up for it in robustness. New and advanced traders will find something to love about this platform. Unfortunately, there is no Mac support and compatibility is limited to Windows 2000, XP and Vista.
ForexYard is an online trading service that includes a downloadable trading platform. New traders can sign up and start trading in minutes. Online tools, educational programs for beginners through advanced are offered. Free get-started training class and practice account. Accounts begin at the $100 super mini account size, up to VIP subscription services. Fees are based on fixes spreads and do not fluctuate with market conditions. Unlimited 24-hour support, along with live chat and access to consultants, are available.
Forextips.com is committed to educating the forex trader in all aspects of foreign currency trading. Click here to get information on a free forex webinar to help you maximize your success in the forex market.