As the name says, the Forex trading platform is a place where you
can sell and buy the forex. This can also be called the forex-trading
station. All forex trading financial companies, banks, traders and
brokers will provide their own trading hub. These currency trading or
forex trading hubs use sophisticated software's, which have, can
perform various kinds of analysis such as technical and fundamental
analysis. They also generate data, which is both numeric, and well as
statistical base such as graphs, pies, regression data etc.
In most cases the trading stations or the platforms have real
time streaming ticker line. This ticker line is being constantly
updated and gives the buy / sell currency rate of major currencies in
pairs. Forex dealers or traders also maintain fixed spreads on major
currencies across the world, which are constant irrespective of the
changing financial markets. Most of the trading stations will provide
Real time streaming of the major currencies in pairs.
Pricing which is competitive
Fixed spreads in 3-5 pips
Certainty of price for the currencies in buy and sell position
Another factor in the forex trade is that the more
creditworthiness an institution or a forex trader is, the better access
they have to market information and competitive pricing. This is then
reflected also in the trading sessions that the subscribers and the
investors utilize. They would have better access to interbank prices
and therefore the cost of the execution for the trade in currencies
would be better. The currency trade software's provide the following in
Real time streaming currency pair rates. One can click the
suitable boxes provided to confirm the sale or the purchase of the
They allow the linkage to currency margin account, which
means that you can have more purchasing power with less of investment.
Immediate confirmation of the sale / purchase of the
currencies. Of course the cost would be debited to your account. This
is done almost simultaneously and in real time.
These currency trade software will also show you the real
time profit / losses that you have made in the currency transactions.
Investors must make sure that when they subscribe to these
currency trade software's, they read the terms and conditions as many
trades may be subject to regulations and the agreement that may be
drawn between the client and the websites / currency trade companies.
There are options provided whereby one can also limit or stop
the open orders. These can also be cancelled or modified at a later
stage in these forex trades. Reports on all forex and currency
transactions can also be generated. These reports can be in the form of
monthly / weekly reports. One can print these records or download them
for later. There are many combinations and permutations, which are
possible. Depending upon forex trading packages that each forex trader
or financial company may provide, the forex trading stations may differ
in features provided.
by Gary Berg