In Indonesia, there are still many people who are confused about foreign exchange or forex. This makes it difficult for them to choose the right Fx trading platform. Of course, there are some tips that you need to pay attention to. Here, we will also provide information about the best platforms for forex trading.
Tips for Choosing an Fx Trading Platform
1. Stable and easy to use
We recommend that you choose the best forex trading application that has an easy-to-use interface and stable connection. So, try it first before deciding to buy it. If necessary, you can first compare several platforms to get a platform that is really stable, easy to use, and comfortable.
2. Real time data
A trader needs real time data, especially dry traders so as not to miss market movements. Generally, realtime data is included as a free feature on every trading platform. However, there are also some platforms that require a monthly fee to get this realtime data feature.
3. Full features
Each trading platform may offer different features. Make sure you choose a platform that has complete features such as data, technical analysis, research, recommendations, and news. These features really help you in making forex trading decisions.
4. Automatic order feature
Forex trading also requires flexibility. In this case, you can take advantage of the automatic order feature with the stop loss feature to minimize the risk of experiencing losses. So, make sure you choose a trading platform with these features to increase profits.
5. Cost
Before deciding, make sure you know the market price of the trading platform and its facilities. You can also consider a free platform. Indeed, you should really pay attention to costs when choosing an fx trading platform. Of course, you have to adapt it to your needs.
6. Software base
It is also important for you to know which trading platform is based on what software. You need to know, there are several software bases that are quite popular such as Mac, Windows, or the Internet (HTML or Java).
7. Graphical User Interface (GUI)
One more thing, also pay attention to the quality of the GUI, is it able to monitor a lot of information at once. You also need to see if the platform has an API that can allow adding programs/software.
Forex Trading App Recommendations
One of the most favorite investments today is forex trading. For security and convenience, make sure you choose and use a forex trading platform registered with OJK or CoFTRA. In order not to be confused, we provide some recommendations for you.
1. Hanson Forex Investing (Horex)
Since 2018, this app has full features. The reason is, this broker platform can combine the platform and news information in the application. In addition, there are also several other facilities such as open positions, stop losses, or take profit.
2. Agrodana Futures
Agrodana Futures is an ideal local forex trading application for you. The developer is the broker Agrodana Futures. There are several advantages of this one platform. One of them is a service based on technical and fundamental analysis that you can access easily.
This application presents several menus such as educational materials, live price quotes, economic data, and an economic calendar. In fact, you can access various news from Reuters, Bloomberg, and CNBC.
More than that, there is a Trader's Lab class where you have the opportunity to learn to trade with Agrodana Futures and Finansialku until you really can. Here, you will get trading material directly from the experts for 3 months.
3. MIFX Mobile
The developers of this fx trading platform are Monex Brokers. Many traders have known Monex Broker since 2000. This application offers several advantages. For information, you can transact directly without the need to download additional MT4 applications.
Not only that, there is a One Click Withdrawal feature or menu that makes it easy for you to withdraw profits. There is also a Price Alert feature where you can set it to monitor your favorite pairs.
4. MetaTrader 4
MetaQuotes Software Corp. has developed an application for forex trading. Currently, the application is quite popular, namely MetaTrader 4. This application offers several choices of instruments that you can use such as news feeds, technical analysis indicators, and online charts.
In addition, you can get real time quotes and trading times. That way, traders have a large and broad opportunity to conduct market analysis.
5. Trade Optimizer
Indeed, Trade Optimizer is a paid application. However, this application is very popular in the world of online trading in the country. One of the advantages is that you can use it easily. In addition, there is also f
.jpeg)
0 Komentar