The traditional method of interbank trading, where everything was written on paper , has given way to a more sophisticated and precise electronic method . A trading platform that is now proving essential to make transactions on the currency market as it provides directly to operators and brokers specific quotations of currencies.
I. the beginnings
Since 1996, the time when trading on the Forex , many traders and Forex brokers began àmettre started up their
own trading platforms, tailored to their individual needs. The first period was called the " first wave " . It represented a significant cost in terms of investment in R & D. It was also at this time that the Forex trading platform online pointed his nose , taking advantage of Internet development .
Many software companies have emerged in the early 2000s in the field of foreign exchange market, bringing with them several new versions of their own Forex trading platforms . These were however ineffective and difficult to use for both traders for Forex brokers . At the time, it must be said that the programming tools and software development languages was also missing . This has forced the Forex traders to develop and implement their own Forex platforms , pending the progress of technology.
II . Wave Metatrader
Currently, there is hardly any brokers belonging to the time of the "first wave", except Oanda or iForex particular . Most of them no longer exist or have adapted to the "second wave" of currency trading platform , an example of which is illustrated by the " Metaquotes " with different versions of the ideal MetaTrader for automatic trading. The sophisticated platforms that we know today emerged only recently on the forex market.
III . ParagonEX , WebTrader Etoro and FX Trading Station II
These modern platforms rely heavily on the user interface, to make transactions on the Forex easier , intuitive and accessible to all . They also make it easier for brokers, allowing them greater control over operations , increased accuracy , better support in case of problems and implementation of management platforms . These innovations gradually enable a new generation of Forex platforms emerge , replacing the "second wave" . The " third wave " was born , easier to use and more intuitive , an example of which can be illustrated by the trading platform " ParagonEX " developed by the English broker UFX Bank . The new generation platform is completely adaptable and changeable according to the preferences of each to create a familiar and quick to work online environment.
Another example is the trading platform eToro WebTrader that presents a new approach to currency trading : an innovative visualization and adjustment of functions depending on the experience of each trader , enabling eToro apply to all traders levels of experience. Its wide range of features includes an easy to pick up user interface, instruction manuals , research tools and an online community through the OpenBook social network that meet the diverse needs of more than one million users worldwide .
He finally has the potential of Forex trading platforms " No Dealing Desk" the best example is certainly with the U.S. broker FXCM FX Trading Station II. These platforms are the first to provide seamless execution and integrates objective to investors. All operations are performed directly with the major banks and global financial institutions will compete to provide the best price. Thus, clients can invest in FXCM major cross Forex with a very small margin of about 1 pip or less.
IV . Recommendations :
Make sure that the broker is a market marker and not just a broker acting for a great trading platform
Test platform demo to test the interface and tools it offers ( graphics and real-time quotes , technical indicators , etc. ... )
Check the level of spread practiced and there are no hidden fees
Check the number of transactions that are processed in real time on the platform , which can be a good indicator of reliability and performance of the broker
Learn about the dedicated to the forex forums can be good sources of information and documentation
I. the beginnings
Since 1996, the time when trading on the Forex , many traders and Forex brokers began àmettre started up their
own trading platforms, tailored to their individual needs. The first period was called the " first wave " . It represented a significant cost in terms of investment in R & D. It was also at this time that the Forex trading platform online pointed his nose , taking advantage of Internet development .
Many software companies have emerged in the early 2000s in the field of foreign exchange market, bringing with them several new versions of their own Forex trading platforms . These were however ineffective and difficult to use for both traders for Forex brokers . At the time, it must be said that the programming tools and software development languages was also missing . This has forced the Forex traders to develop and implement their own Forex platforms , pending the progress of technology.
II . Wave Metatrader
Currently, there is hardly any brokers belonging to the time of the "first wave", except Oanda or iForex particular . Most of them no longer exist or have adapted to the "second wave" of currency trading platform , an example of which is illustrated by the " Metaquotes " with different versions of the ideal MetaTrader for automatic trading. The sophisticated platforms that we know today emerged only recently on the forex market.
III . ParagonEX , WebTrader Etoro and FX Trading Station II
These modern platforms rely heavily on the user interface, to make transactions on the Forex easier , intuitive and accessible to all . They also make it easier for brokers, allowing them greater control over operations , increased accuracy , better support in case of problems and implementation of management platforms . These innovations gradually enable a new generation of Forex platforms emerge , replacing the "second wave" . The " third wave " was born , easier to use and more intuitive , an example of which can be illustrated by the trading platform " ParagonEX " developed by the English broker UFX Bank . The new generation platform is completely adaptable and changeable according to the preferences of each to create a familiar and quick to work online environment.
Another example is the trading platform eToro WebTrader that presents a new approach to currency trading : an innovative visualization and adjustment of functions depending on the experience of each trader , enabling eToro apply to all traders levels of experience. Its wide range of features includes an easy to pick up user interface, instruction manuals , research tools and an online community through the OpenBook social network that meet the diverse needs of more than one million users worldwide .
He finally has the potential of Forex trading platforms " No Dealing Desk" the best example is certainly with the U.S. broker FXCM FX Trading Station II. These platforms are the first to provide seamless execution and integrates objective to investors. All operations are performed directly with the major banks and global financial institutions will compete to provide the best price. Thus, clients can invest in FXCM major cross Forex with a very small margin of about 1 pip or less.
IV . Recommendations :
Make sure that the broker is a market marker and not just a broker acting for a great trading platform
Test platform demo to test the interface and tools it offers ( graphics and real-time quotes , technical indicators , etc. ... )
Check the level of spread practiced and there are no hidden fees
Check the number of transactions that are processed in real time on the platform , which can be a good indicator of reliability and performance of the broker
Learn about the dedicated to the forex forums can be good sources of information and documentation
