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Basic criteria for choosing Forex platforms
Trading in the Forex market takes place on short positions for currency pairs, either long or short, which are calculated on two forms of legal bid such as the euro or the US dollar, where the long position provides trades for making money by moving the exchange rate up, while the short position provides making money from During the movement of the exchange rate down, which is unlike in securities where the trader does not borrow shares or money from the broker, but it is possible to pay the messenger of the extension.
Forex brokers keep traders 'money in accounts that change according to daily transactions and traders' balances change in response to profits and losses, and the way they earn money is through fees and currencies, and brokers also deal with withdrawal requests and expert advice.
Therefore, the trader usually builds his choice according to the most secure platform on his account, which guarantees high-quality programs to earn profits in the financial markets, here are several basic criteria that you should highlight when choosing:
The platform must be free from technical defects, even in times of high liquidity, and these defects are observed in web platforms, these defects are fairly safe for long-term investment holders, as for traders, the delay in executing the trade order causes loss, and in order to avoid Platform Technical Defects Issue A trading software can be installed on your computer, but this solution is not really perfect.
It is imperative that forex platforms contain sufficient tools for technical analysis, that is, when transferring indicators to a chart, technical developers should adjust the input parameters, as well as there must be a period of planning time to make an appropriate trading decision, according to the A elder method. Fundamentally in the business strategy, the program must also have the ability to apply work with many financial instruments and with automated trading systems, meaning that the trader should not find it difficult to place urgent orders safely without being attached, also good platforms are distinguished by adding a window to monitor volumes Trading, with strong economic events that would affect the stock market strongly
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