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Main » Articles » Forex for Beginners

What is a Forex Trading Platform?

You cannot trade in the Forex market without a Forex trading platform. A trading platform is your primary tool so you can participate in the international financial market.

A Forex trading platform will be provided by your broker. This is part of its service and you can get it for free. There are two types of trading platforms so you can choose which type would be suitable for your trading style.

The first type of trading platform is a downloadable client application. A downloadable platform is usually programmed in Java or Flash. You need to install this platform on your computer or laptop in order to fully utilize its functions.

A downloadable client platform has complete functionalities such as trading charts, analysis tools, news tickers and other important utilities. Everything you need in Forex trading would be included in your client platform.

The other type is a web based trading application. This platform works online and there is no need to download it. Just access you account and you can instantly use the trading platform on the website of your Forex broker.

Web based Forex platforms are also programmed in Flash or Java technologies and will work on most web browsers. You will be able to access your account and start trading as long as you can access the web.

Forex trading platforms are very important. These applications allow you to trade in the Forex market. You are free to choose which type of platform would be suitable for your needs. Just make sure to study and learn the utilities of your trading platform before you start participating in the market.
Category: Forex for Beginners | Added by: forex-market (2009-05-15)
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