A fx trading platform allows traders to access the markets and trade a wide range of currencies, commodities, stocks, and indices. A good fx trading platform should provide a variety of tools and features for trading, including charting and analysis programs, automated trading robots (also known as expert advisors), news feeds, and market scanners.
Traders may also use leverage to increase their returns on their investments, which is an important consideration when choosing a broker. There are two main types of brokers – dealing desk and agency brokers – and they operate with different incentives as they execute trades for clients.
The Ultimate Guide to Choosing the Best FX Trading Platform: Key Features and Considerations
The first currency in a forex pair is called the base currency, while the second is the quote currency. The quoted price for a currency pair shows how much of the quote currency is needed to buy one unit of the base currency. The prices shown on a forex quote are provided by both the bid and offer sides of the market.
The most popular forex trading platforms are the MetaTrader 4 and MetaTrader 5 platforms from Admirals, a multi-award winning, globally regulated broker. Both offer fast, reliable trading on a wide range of financial instruments, with competitive spreads and advanced technical analysis tools to help you make your trades more effectively. Try trading for free today!