The decision to trade on Forex and choose a particular trading platform is not an easy one. In order for you to succeed in this new field, it’s crucial that the platform where all your trades will be conducted can give access and features for maximum control on your assets.
The main criteria for choosing a trading platform are:
- its security
- various device availability
- platform speed
- custoomer care
The article will produce 5 popular Forex Trading Platforms that are convenient for PCs.
Metatrader 4
When it comes to choosing a trading platform, MT4 can already be considered as a classic choice.
It has not nearly lost its relevance over the years and continues to be popular among traders.
Agree, the more popular the product, the more potential customers it will attract. This algorithm is very relevant when talking about MT4.
Forex traders are excited by the variety of trading opportunities on offer with this platform. With an assortment of tools and security systems proving it’s worth, it is one popular Forex market in particular.
By the way, the users save time and use it to make better profits due to its ease-of access via downloading MT4 for PC.
Metatrader 5
Many people think that MT5 is an improved version of MT4, but this is not the case. The platform’s end users are different people and these two were created for different goals.
So, MT4 is aimed at traders trading in the Forex market, while MT5 covers more markets – stocks, obligations, commodities. But this does not mean that Forex trading on this platform is somehow worse than on others.
It’s the Economy, Stupid: Forex Trading and Economic News
Among the pros we will also note:
- considering as a multi-asset platform
- the availability of the economic calendar
- easy to use
Ninja Trader
While the above trading platforms provide the option of traditional both on PC and mobile, NinjaTrader is excluded for use on PC. It is a powerful Forex trading platform that provides traders with many unique tools. The user interface makes it easy for beginners and experienced professionals alike to analyze the market, find charts on which they want information from, make decisions about what direction prices might go in next based on their analysis – all without any hassle or confusion.
MotiveWave
MotiveWave offers traders everything they need to trade successfully. From basic features, users can advance their skills with more complex price patterns.
This makes it popular not only among young forex investors but also advanced ones who desire tools beyond what is offered by most platforms available today.
Quantower
This relatively young trading platform is convenient for both beginners and traders with long-term goals. Quantower allows you to test and apply different strategies, using charts of different complexity. The platform’s user-friendly interface makes it easy to customize working space, saving the trader’s time.
Summarizing the pros of Quantower:
- large selection of charts
- simultaneous connection to different financial markets (forex, crypto, stocks, etc.)
- user-friendly design
Conclusion
Choosing the right trading platform is just as important to your success in trading currency, stocks and other financial products.
This means that you should consider which features are most relevant for what types of investments or strategies that interest you most before making any final decisions on where exactly these trades will take place from now on.
Today, the market is full of trading platforms with which brokers cooperate. But as you know, it is not the quantity that matters, but the quality.
Ultimately, the choice of a trading platform for PC is up to you, your personal experience or reviews left by users.