When you start trading CFD’s you have to choose from different trading platforms. But understanding which platform is best can be difficult. As a newcomer, the complexities are overwhelming which is why you want to find out which platform gives you easy it transactions, real-time quotes, and other useful services.
Meta Trader 5
Meta Trader 5 and Meta Trader 4 are known as the king and queen of trading platforms. This particular platform is the latest version of the popular trading software. With the interface you are in complete control of several accounts. It is incredibly simple for you to manage different accounts using the navigator window. The navigator window allows you to move between different accounts very quickly so you won’t have any delays. You can trade multiple accounts at once and enjoy long-term time savings. This new version also divides your CFD indicators into four separate groups. Custom indicators can be created if you prefer. Additionally, this new indicator group system lets you classify your analytical tools so that you have better access. You get special trend indicators with this new platform. You can look at dynamic averages, exponential moving averages, and adaptive moving averages. The total number of new indicators for this particular platform is seven. There are five new trend indicators as well. If you like automated trading this particular trading platform has a trading script that is more powerful than any others with fewer errors. The program language makes it easy to use.
Meta Trader 4
This previous version is truly the king of CFD trading platforms. It is used by hundreds of brokers around the world and is the most advanced technologically speaking, with amplified security that makes it possible for you to open and close your positions without ever worrying about stability. New and advanced investors have used this friendly interface to trade among a volatile market with ease. Users around the world prefer to this platform because it is available in almost all major languages. This means you can make your trades in a language with which you are comfortable without having to worry about any additional work or translations. There are many trading characteristics provided by this platform as well as revolutionary charting capabilities.
Analyzing & Performing Trades
You can perform your trades and analyze the technical elements taking place in the market simultaneously. They have the expert advisors section which is a popular element that gives you information when you need it that you can make the most reliable investments possible. The communication tools provided in this trading software are beyond almost all other software. As a broker can post messages and as the faster you can communicate with anyone including your brokers in real time. It prevents long or complicated emails going back and for so that the experience is simple, the communication is simple, and the trading is simple. Unlike other platforms this one requires. Few resources so it won’t disrupt the overall functionality of your computer when you are trying to use it. In spite of using low resources it actually works. Fast so that you can make a trade immediately without any delays. As a user you can view all of your account information in a single platform. You can look over your password information, your account balance, your details, and your trading history. Of course, you want to make sure that all of your account information is protected from any hacking or attacks and that is why this particular platform is one of the highest security levels available. Your IP address will be completely concealed so that you can make your trades privately. And of course, there is the option to customize everything on their platforms is that it meets well with your practice preferences. You can develop and program technical indicators or expert advisors as you see fit.
Sirix is a social trading platform that gives you instant access to a social network for different investors as well as your market trading. With this particular web the base or mobile platform you don’t have to download any software. You do need to have an account with a partner broker at which point you can start to see what other people are doing in real time. This is one of the most popular trading platforms for people who prefer social trading. Naturally someone who doesn’t want to see the last 100 trades that were replaced by other investors when you want to use the software like this but those who want to see what other people are doing and to make real-time trades based on the performances of other members will benefit greatly from the social feed provided by this web trader.
Checking Stats in Real-Time
This trading platform gives information with real-time charts, technical indicators, and can be automatically linked to the other two platforms mentioned above so that both can be used simultaneously. You can monitor the trades that other people are making and copy them. With this particular platform you can actually list different traders based on their profit and loss ratio, their level of risk, and their success rate the transactions that this particular member has concluded. You will get to see what they have been doing for the last 12 transactions and watch what they are doing in much the same way that you would follow somebody in a social network. The difference is you can copy and automatically trade the exact same way that they did.