If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
The trading platform is a piece of software offered most often Free by your broker that you need to install on your computer. With the trading platform you will be able to do everything you need to do to successfully trade. You will be able to draw and analyse charts, place different types of trades and definitely manage the trade when in action apart from other important options. You will also need a high speed and reliable internet connection.
A good trading platform must be
- easy to draw charts in multiple time frames.
- easy to draw and analyse charts based on bars and candlesticks.
- easy to plot on all standard technical indicators
- clear charts with clear graphics
Furthermore the trading platform must offer
- easy to place orders at market. Limit and stop orders are highly important to
- easy to track open orders with current price quotes and P/L
- easy to modify open orders (stop losses and take profits)
- report statements
- fast execution on orders
The most popular trading platform suitable for the beginners is MetaTrader 4. It is the easiest to use although not the best. But it suits is purpose for beginners / intermediate traders. You will find a lot of video tutorials on You Tube and I will be doing some as well in the future.
What is nice about MT4 is that you can program your own manual processes and imbed them into your trading pl\atform. This is how robots are created. From my side I have a number of indicators that help me on daily basis in my trading that I will be sharing with you shortly.
eToro is also a very trading platform, although in reality eToro is a broker and an excellent one too. DealBook is one of the top trading platforms used by some brokers.
If you are a beginner and you want to learn the basics of Forex Trading or you want to learn the core of Technical Analysis with detailed examples please visit the Forex Trading Courses page. You will find huge amount of valuable information and video tutorials worth thousands of dollars if you had to purchase expensive courses, and now you can have them all for FREE. See you there.
Want to learn more? Of course you want! Find the complete set of lessons for the Forex for Beginners course below.
Lesson 1. Trading Currency Pairs
Lesson 2. What is scalping?
Lesson 3. Intra Day Trading
Lesson 4. End of Day Trading
Lesson 5. Traders Psychology
Lesson 6. Best Trading Hours
Lesson 7. How to interpret Prices of Currency Pairs
Lesson 8. Forex Pip
Lesson 9. Bid Ask Forex Prices
Lesson 10. Brokers Spread
Lesson 11. Currency Leverage and Margin
Lesson 12. Forex Lots
Lesson 13. Forex PIP Value
Lesson 14. How to Calculate Profit and Loss
Lesson 15. Currency Trading Platform
Lesson 16. Forex Bar Charts
Lesson 17. Candlesticks Charts
Lesson 18. Bars or Candlesticks Charts?
Lesson 19. What’s Next? Technical Course
