Learning the Best Forex Trading Platforms The forex trade involves trading a pair of major world currencies at the same time to gain more leverage and a chance to gain on either end. The top currencies that could be used include the Dollar, the Sterling Pound, and the Euro. Other currencies may be used in the forex market but these are the currencies acceptable in any part of the world. As this sensitive type of trade involves money and not stocks, the risks are far much greater. It is advisable to choose a forex trade platform that has been considered the best and most trustworthy based on a number of reasons. One is able to find out online what the best forex platforms are as they are listed and rated in real time so you can have the best at all times. Factors looked into when choosing the best forex platforms include the duration and experience that the platform has. This is because there are many platforms coming up that are possibly fraudulent as they promise high returns which also pose a high risk for you.
http://www.best-forex-platforms.com/ Another factor that one must look at is if they are under a recognized and registered company so that one is able to easily trust the chosen platform. A competent forex trading platform will offer their services on a free trial basis to let you know firsthand what their success and loss rates are along with times allowed to trade, hence letting one make an informed decision. If one can join a
platform that allows for 24-hour trading to cater for different time zones, they are much better off and flexible in their forex trading. The best forex trading platforms are chosen on a regular basis. The top ones include Dukascopy, a Swiss Forex trading platform run by the Association Romande des Intermediaries Financiers or the ARIF and have been in business since 2004. Dukascopy allow you to put in an introductory $5000 minimum account amount. They also trade in 22 currency pairs that also include the Australian Dollar, the Japanese Yen, and Canadian Dollar. You have the option to try out their demo account or log on straight to their live forex trading platform. Best trading platforms that have been awarded the top forex trading honors is Oanda. Oanda is under the Oanda Corporation. They are a trading platform that has real time forex trading results on their homepage and give a customer the opportunity to log in to the live forex mode or the Game forex mode that allows for trial trading. This platform offers technical support and 24-hour trading freedom and its online counter that stands at over 500 million forex trades is a testament of their expert trading. Another forex trading platform that is lauded for its exceptional trading is an online platform known as Forex.Com. It has companies worldwide and allows clients to trade based on your destination country 24 hours a day. One can view a tutorial on how to get started before opening an account and begin trading.
Published on Feb 19, 2013