With many platforms out there, it is imperative that you take the time to understand all the various Forex platforms that you’ll use when making trades.
There are many different Forex platforms out there. Trading platforms are the platforms you use online to make your trades, to monitor the market, and to learn from previous trades. There are advantages to different platforms, especially things like automated platforms because you can set things up to work for you even if you are not awake and present. You can set up specific trades based on different market conditions, so that you know trades are executed when you need them, even if you are not at your desk.
Sirix Web Trader
One such platform is the Sirix web trader. This training solution is a platform that trades currencies, stocks, and commodities. It is 100% web-based and therefore does not require any download or any installation. The interface is fast and user-friendly. It provides real-time market data so that users can make more informed trades. New orders can be placed with one click. The buy and sale price for every asset can be followed. Trades can be done in real time. The size of trading locks can be adjusted and there are built in indicators afforded to users. More importantly it is fully integrated with social trading so you have access to live trades of other people.
This trading platform is dynamic and offers advanced functionality to make more accurate predictions and enjoy more successful trades. You downloaded and with one click you can customize everything so you can view a variety of assets with a single interface. There are advanced charts and built in indicators as well as one click order entry capabilities. With social trading integration it is not only enjoyable but easy to operate.
Sirix Mobile Trader
Sirix mobile trader is a mobile version that lets you trade when and where you want. You can trade on the go using this trader app on your smart phone or your tablet. It provides you with the latest news, social feed for different trades, and charts directly to your mobile device. On the application you can look at your account status, verify any closed trades, monitor your pending orders, even execute or modify your live trades. Take advantage of any market movements no matter where you are using this system.
Automated Forex Trading Systems
Automated forex trading systems have become very popular in recent times. Instead of trying to balance the overlapping hours between the main markets, keeping track of times, staying awake at random hours in the middle of the night (assuming you trade from New York), and automated forex trading platform can work to lessen your trading requirements.
One of the many automated forex trading systems available for purchase today includes the program Live Signals. This program provides daily reports for you of different pairings either S/L or T/P which are quite easy for even the non-professional trader to follow. An analysis generator is another technically savvy program. These technical analysis generators generate daily outlooks for trading studies which are specific to your trades, or your clients. This program works very well for professionals looking to keep track of multiple trade accounts. An MT4 tool offers a MT4 to FXCM Bridge. This tool will run an EA for the FXCM trade station of your choosing. Any MT4 trades which you have are then transferred to FXCM instantly. It offers support market open, close, as well as the ability to create pending orders and delete any pending orders.
Other automated forex trading systems include the One Persist trading system. This functions as an auto trading EAs with a very aggressive trading mode. It can pair two markets such as GBP and the US dollar or the US dollar and JPY. The monthly performance of this tool rates at 25-40% but requires minimum deposits of $10,000. However, the recommended Lot size if 0.1. Lacking any technical analysis, this system depends only on a Digital Equation. For less professional traders, the Trader’s Dashboard comes equipped with offering daily reports. It provides special market analyses on both Forex and the stock market. It offers short term technical outlook which will alert the trader of any changes on their current market outlook. EagleEye Widget will analyze your website covering whichever daily trade needs you might have, on a short term technical outlook. If you are a professional, or simply have many accounts which you must manage, SMAM is another MT4 tool. The Smart Multi-Account Manager is meant for those who need to simultaneously manage MT4 accounts with different brokers. It works well for those managing investors’ accounts or those simply working with multiple asset management. The program allows one to work with an unlimited amount of accounts, receive quote for symbols, and place all order types, as well as adjust different lots, whether manually or automatically, for each of your slave terminals.
Many people wonder if they have to trade themselves with these systems, and if the set up is difficult. In actuality, the set up is easily done by following the instructions, and once it is set up, the programs run themselves. While some programs mentioned require a larger trading minimum, some only require as little as $500. Generally, however, $2,000 to $5,000 is recommended.
In conclusion, automated Forex trading systems can be utilized by the professional or by the individual. Either way, there are systems meant for any type of trade or any type of pairing.