Forex Signals

Learn How To Find The Best Forex Trading Platform

won't we all want expert staff available for us at all times, anytime. Preferably, the forex trading platform will have an account service manager working closely with traders. The perfect forex trading platform should have customer service staff that speak with forex traders over the phone, over e-mail, or over an advanced online CHAT system.

The spread is the difference between the bid price and the ask price for the currency being traded. The broker adds this spread onto the price of the trade and keeps it as their fee for trading. So you can consider this as a hidden commission.

One good thing about the spread is you pay it when you buy and not when you sell. A trading of 4 pips vs. 5 pips makes a difference of 25% on your trading costs! This makes the point clear why you would need a low spread Forex trading platform.

I do not want to have to download software and wait for the proper set up and getting rid of the bugs before being able to trade. The questions to ask are: Is their internet platform friendly and easy to use? Do you need to download any software? Can the trading be performed immediately, without any obligation to a certain configuration or a computer?

Of course it goes without saying that any forex trading platform you decide on should be highly secure to protect your account and private information. It should allow you to fund your trading account securely with a variety of options including credit card, western union and PayPal if needed.

The trading platform should be easy to use and understand. It should be reliable during fast moving markets. The platform should offer services like one click buying or selling, trading directly from a chart, supports mobile devices, trailing stops, etc.