A trading platform is one of the most important tools used to trade Forex markets. The trading platform allows you to trade currencies online over the Internet .The trading platform provides information including quotes, charts and an interface for entering trades.
The platform
The three main functions of the trading platform are to provide currency quotes, information on your trading account and tools to help you trade. The platform should allow you to view real-time foreign-exchange quotes, give you an account summary showing your current account balance, realized and unrealized profit and loss, margin available and margin used for open positions. Platforms must also provide real-time and historical data to the trader and provide him or her with access to all of the types of orders they need available to trade forex efficiently.
The Easy-Forex Platform
One of the key features of the Easy-Forex is the platform can be accessed anywhere online. There is no need for downloading software. Unlike many online trading platforms, there's no need for software downloads of any kind with Easy Forex. Its web-based program makes no impact on your computer hardware and provides speed to trading for account users.
Factors to consider when choosing a platform
When choosing a platform for trading Forex you need to consider many factors. The first question to ask is about personal service. Are there individuals that you can deal with in regard to your trading account activity and answer any questions you might have about foreign exchange markets?
Is the platform user friendly?
Perhaps the most important factor of online currency exchange especially for novices is a user-friendly experience from which everything else trickles down. By nature foreign exchange markets are not the easiest to master but finding the right online platform will allow for greater ease in transitions for newcomers.
Anybody there?
- Easy- Forex team members are available at all times during trading hours
- You will be assigned an account service manager
- You may speak directly with Forex dealers
- You may contact the dealers via e-mail, phone, or chat line
- In some areas around the globe you can visit the offices in person
Does the platform provide training and help?
Easy -Forex utilizes tools like guided video tours, training materials and one-on-one training to ensure that investors are well-equipped to trade Forex online regardless of their experience level. Your account manager will help you with initial training and guide you through the Forex platform.
How do I fund my account and deposit margin?
At Easy-Forex you can use your credit card to make the necessary deposits or margin requirements for your trade. You will not be tied or restricted to waiting for bank hours for wire transfers or deposit. Profits can be credited to your charge account.
What type of security does the platform provide?
Easy –Forex has the latest and most advanced technologies to protect your security.
What amount do I need to begin trading? Are there demo accounts?
You can begin with as little as $100 margin. Demo accounts are available but trading with real money is much different than imaginary money. Because you can start with a small amount in your account you can cautiously learn how to use Easy Forex platform and how to trade the markets trade with very limited capital at risk.
Two key issues that you need to consider when choosing a trading platform, the first is slippage in price of execution for a deal, and the second is how is the price established for a deal?
Easy Forex offers guaranteed stop limit and loss is guaranteed to the amount of the margin of your account. Easy-Forex also allows you to freeze your quote for a few seconds to lock in a price while you make your decision. Freeze rate capability is a feature that allows you to hold an exchange rate constant for several seconds. Regardless of the rate movements, freeze guarantees the rate with no commitment to trade. The ability to freeze your quote distinguishes the Easy Forex platform from other platforms.
Are there any hidden costs or commissions?
There are no commissions with Easy-Forex our hidden costs. Easy-Forex acts as a market maker and makes its profits on the spreads embedded in the currency trade. There's daily renewal fee for a day trade carried forward.
Additional factors that distinguish the Easy Forex platform from its competitors
Many over-the-counter online platforms are quite similar in terms of their offers and opportunities but Easy-Forex remains an innovator in the field with several unique tools available to every trader:
- The Inside Viewer TM is a proprietary toll that allows transparency so you know what others on the Easy Forex platform are trading in real-time. View the popularity and direction of the buy or sell of a specific currency pair as well as the average entry, stop loss and take profit rates.
- The Trade Controller TM allows you to visually adjust the parameters of your open deals and check out alternative scenarios .This feature's stop loss element is notable which allows you to set your own risk parameters.
Easy Forex offers competitive spreads
Competitive spreads are very important to your trading profitability and competitive spreads will help keep your cost of trading low. The more active you are the more competitive the spreads become.
Other advantages of the Easy Forex platform include, live streaming quotes security on transactions and transparency. You have quick and easy online access to your trading activity and account balance.
Summary
When choosing a trading platform there are many issues the trader must consider. You should be primarily concerned with access, reliability, costs, security, personal service and attention, customer support and business relations. When you sign up to trade Forex on the Easy-Forex platform you can talk to an account manager, dealer or visit the office in person. At Easy Forex you can access your account 24 hours a day, there's no need for software downloads and you will have access to educational training tools available online. In addition, you'll be presented with solid business relationships dealing with market makers and the interbank market and the added benefit of freezing a deal price and guaranteed stop limit order pricing.
Test your knowledge
- True or false.
The trading platform allows you to trade currencies online over the Internet.
- True or false.
Unlike many online trading platforms, there's no need for software downloads of any kind with Easy Forex
- True or false.
The main factors to consider when choosing a trading platform include access, reliability, costs, security, personal service and attention, customer support and business relations
- True or false.
At Easy-Forex you can use your credit card to make the necessary deposits or margin requirements for your trade.
- True or false.
The Inside Viewer TM is a proprietary tool that allows transparency so you know what others on the Easy Forex platform are trading in real-time
Answer key
- True
- True
- True
- True
- True
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