The Forex financial market brings together buyers and sellers from around the world, allowing them to operate 24 hours a day and earn money through their analytical, skills and abilities.
However, to connect a communication channel between the different market participants, a simple and functional platform is needed, which brings together a set of software tools and techniques for the interaction of the broker with the trader.
Today, on the internet it is possible to find a wide variety of platforms that offer a wide range of functionality and a large set of financial tools. However, most traders use the metatrader 4 platform, which enjoys tremendous confidence and popularity.
What is a platform
The trading platform is a software program used by traders on your personal computer to carry out transactions in the Forex financial market. In the terminal, at least the following financial instruments are incorporated:
Updates of currency quotes;
Tips and etc.
Sometimes, the platform starts with a web browser and does not require a previous installation on the computer. Although these types of platforms are more an exception than a rule. The platforms also have their version for mobile, so that the trader can operate through mobile devices and tablets from anywhere in the world with access to the internet.
Where to acquire a platform
As a general rule, the broker offers the platform to the trader completely free when registering in a demo or real account. These brokers can also offer their clients products developed by themselves or developed by other major trading companies. Deciding which platform is the most appropriate and capable of guaranteeing the executions of the orders in which you wish to operate, will only be possible using and testing each of them.
Characteristics of the platform
In general, the platform is necessary for the realization of the following functions:
1. Representation of the situation of the forex market
2. Carry out operations
3. Provide tools for technical analysis.
In this way, using the platform properly, will be able to monitor in real time the movement of currency quotes, classify the information received, and display it in the chart for illustration clearly. The platform also allows you to choose the time-frame that best suits you, making the analysis even simpler and more productive.
The functionality of the platform is equipped in this way to have available quickly all the necessary instruments in order to make and place market orders, to track the status of the account and manage positions when they are favorable in the Forex market.