Brokers and Online Trading Platforms List

The Online market, being one of the liquid financial markets means that traders can open trades in the market anytime they want & place their trades.

Decreased requirements to trade the market, high speed internet and the advances in communications technology are all responsible for having driven this market to where it's today. These changes took the market from being limited to large financial institutions & multinational companies to the point which ordinary traders can now trade and participate in one of the largest financial markets in globe through Online Trading networks or what's called the inter-bank market.

Because of the new clientele, online brokerage firms began improving their services and accessibility. Different platforms suited for different types of traders have been made so as to meet the needs of the new market. With accessible platforms and software that's constantly being improved, brokers are finding that popularity of market is rapidly increasing.

Many Brokers feature Micro accounts. These accounts allow their clients to register and open a account with a minimum margin of $5.

If you're interested in opening a account, first thing that you'll need is a PC computer with a highspeed internet connection. Highspeed inter net connectivity is important for an effective trade to work. You need for your orders to be executed quickly.

Next, you'll need to select a brokerage company, the company should provide you with a platform to use. The platform is simply a software program that's essential to connect to the market. You download it to your computer & use it.

It's important that you select a platform that you're comfortable using.

• It must provide real time data that's accurate and up-to-date.
• It must be secure, & stable.
• It should have charting tools to perform technical analysis
• It should also have a feature which will allow you to store your trade transactions history
• You should be able to execute orders with ease
• Easy to learn with

With all the features, you as a trader can really improve the way you trade in market & also minimize the risk of losing money.

Consider opening a practice account, which is a practice account. This will allow you to try out the platform and market without risking any real cash. By practicing with practice demo account, you allow yourself time to decide if this is actually the program which you'd like to use.

Brokers

STP stands for Straight Through Processing Network. With an STP you'll be directly connected to the inter bank network through the Straight Through Processing Network.

MT4

The Best Platform

Most traders will generally favor using an STP Broker because it is much easier to place transactions on STP execution

Traders that participate in Gold are investors who want to make profit by buying trading instruments that are appreciating in value and selling the ones that are depreciating. To trade online, a trader needs to open a trading account with a broker & deposit money to facilitate online transactions.

Brokers offer online platforms that are designed to stream live streaming quotes to their clients (traders) so that traders can instantly execute trade orders.

Once one selects a broker, they then download their platform, install it on a computer with an internet connection. Then open a trading account & sign in to the software platform to receive real-time quotes of prices. This streaming date is graphically drawn on a grid forming what is known as the charts. The trader can then open trade transactions via this software provided. Brokers also offer Free Demo Accounts which are free practice accounts that beginners can practice trading with.

trades can not be made directly on the online market, and can only be set through an online broker, connected to the inter-network of other banks, this is the network of international banks which are used to facilitate xauusd trading.

The most favored Trade software is known as MT4 Software (or MetaTrader 4), MetaTrader 4 platform is very easy to learn & has some of the best charts and this MetaQuotes MT4 charting platform comes with Indicators for analysis of charts.

Many Traders agree that the best platform online is MetaTrader 4 software. When doing software comparison most traders compare other platforms as full of bugs, with a poorly designed user interface that is hard to use & navigate with, and sub-standard technical analysis tools to select from.

Most gold trading Brokers have even switched to MetaTrader 4 platform after facing pressure from their traders to implement this online software. Some brokers opting to offer a choice between, their own software & also MetaTrader 4 platform, among other platforms like Currenex.

MT4 Platform

The MT4 is a software for trading the online financial markets. The MT4 platform has versions for both platforms for PC computers and platforms for phone apps. The MT4 is a tool used by online traders to gain access to the market, interpret price charts and place orders through to their brokers using MetaTrader 4 platform. The MetaTrader 4 is owned by broker from where you can download it for free from their site.

Key features of MT4 Software - Desktop Version are:

• Extremely Fast Trade Execution.
• Realtime summary of trader's order, account equity, floating profit and loss
• Chart based Click Transaction via MT4.
• Market Analysis Tools and Technical Analysis Tools - indicators
• Automated programming language and EAs (Expert Advisor).
• Daily Account Statement Sent to Clients Email
• Complete technical analysis package, with wide range of built in indicators & charting tools.
• Multilingual user inter-face - English, Arabic, German, Spanish, French, Chinese, Russian

These features make MetaTrader 4 the most favored software.

As a trader you can download MetaTrader 4 Platform and practice trading with these tools on practice account.

MetaTrader 4 Mobile Software Edition

Trading on your phone allows you to manage your account on your portable phone device, whether it's your smart-phone or your Pocket PC. Mobile apps offer a alternative method to keep a tab on your account when you don't have access to your desktop PC. From your phone app you as a trader can keep up with market movements, analyze the movements and adjust your orders from the mobile phone. With phone you can access financial markets from anywhere.

MetaTrader 4 Mobile Platform

• Full features for management of accounts.
• Accessible from any location globally
• charts
• 30 indicators - MetaTrader 4 indicators
• Support all types of orders
• Financial market news
• VGA mode support.

MetaTrader 4 Mobile (Smartphone Edition)

• Full features for management of accounts.
• Accessible from any location globally
• charts
• Technical indicators - MetaTrader 4 indicators
• Supports all types of orders.
• Financial market news

The MT4 Mobile platform - Smartphone Edition is the mobile trader for smart phones operating under the MS Windows Mobile.