To begin the process of trading it is necessary to have a platform. The trading (terminal trading) platform is a set of software and hardware adapted to the operational online, allowing interaction between the broker and the investor- forex brokers.
There are numerous platforms on the market, but the most popular is MetaTrader 4.
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In other words, the trading platform is a computer program that is installed on the computer of the trader and is used to perform operations. Some platforms work through the browser and do not even require installation. There are other platforms that are installed on the device (PC) used to carry out our operations. Also there are versions mobile to work in PDA, mobile and other devices portable.
The trading platform is courtesy of the broker, that offers us after opening an account, either real or practice account. Brokers offer their customers both their own platforms and others available to license.
forex brokers perform important functions such as:
-Show the market situation, i.e. quotes real-time information. This information is managed and grouped together in the form of graphics. You can choose the interval encompassing the graph, called time frame. For example we can choose graphics of 30 minutes, which means that this graph shows bars or candles (according to the chart that you choose) with 30 minutes of quotes.
-Allows you to perform operations on the market, manage our position and check the status of our trading account at anytime (except Sundays and public holidays).
-It has tools that allow us to perform technical analysis – thanks to the included indicators – and gives us the opportunity to make operations automatically (using advisors, who carry out operations of trading without human intervention, just based on the algorithm that you have created).
-There are various elements in the platform that make our operations much easier. Among them are news live from major global agencies, alerts that indicate important events market or of the system, the history of the account, reporting and much more.
There are numerous platforms on the market, but the most popular is MetaTrader 4, developed by MetaQuotes Software Corporation.