Forex trading platforms for beginners

As a beginner, you must be looking for the best forex trading platforms. Today we'll take a look at which platform suits your trading style.

First of all, most forex brokers have Metatrader 4 platform. For example, Oanda, FXCM, XM and Forex. MT4 is simply used by a lot of forex traders.

Second, some ECN Forex brokers provide cTrader platform. For example, FxPro, ICmarkets. The cTrader ECN platform boasts the tightest spreads.

Third, Interactive Brokers offers Trader Workstation (TWS). I think it suits the professional traders best.

Fourth, a lot of forex trading brokers have Android and iPhone mobile platforms. Therefore, you can study the latest trends on the go.

At last, many forex brokers offer the web-based platform. It doesn't need to download forex trading software.

6 Crucial Things to Consider When Choosing a Forex Broker


There are so many foreign exchange trade platforms and brokers all over the world. For beginners, it's hard to choose a best foreign exchange broker. Here are some key ideas:

First, if you only have $1000, you can start forex trading with Oanda, XM, FXCM, Forex, Alpari or ICmarkets.

• They are the top forex brokers and offer the best forex trading platforms for beginners
• You should open a demo account and test the forex trading systems.
• You should try to avoid large losses.
• After demo trading, you can open a live account with $1000.

Second, if you are going to make a living from forex trading, you can open an account with Interactive Brokers or IG.

• They have the best currency trading platforms for a professional forex trader. 

Third, you can find the forex trading Broker Discussion Forum on Forex Factory. 

Fourth, it is very important to select a regulated forex broker.

Fifth, you should choose a forex broker with low spreads. 

Sixth, ECN forex brokers will charge clients a fixed commission per trade.

Finally, I would like to give you some useful suggestions.

• Trading is a business and run it on business principles. So you have to use a small percentage of a live account. For example, 30%-40%. 
• A lot of experienced traders set the yearly goal about 13%
• You have to write a forex trading plan and maintain a forex trading journal.