MT4
This
is by far the most popular Forex trading platform in the industry and
used by many of the top Forex broker like FXCM, Alpari, InterbankFX,
Forex.com and many more. The list is endless due to its portability from
desktop to hand phone and multi account trading. The software is easy
to install and connect quickly to your trading account. The MT4 platform
comes with customizable screens and windows. It features an easy to
access buy and sell order form and comes with 50+ built in indicators.
The
most importance features is the automated language MQL4 which comes
with it, enables traders to formulate their strategy into programs thus
trade automatic for them. The trading platform comes with intensive
support and forum for newbie and experience trader who are looking to
automate your winning strategy and gain passive income.Also comes with a strategy tester to back test your strategy with historical database currency prices.
Tradestation
Tradestation
software is very popular among experienced trader as compare to MT4
which is more commercially popular to every day house hold trader. This
software comes with built in indicator and customizable screens and
windows. Also able to multi trading different account and comes with
program EA for adding on to your trading account. The easylanguage
programming is similar to MQL4 from MT4 but built upon using structure
text or plain English instead of C programming jargons. This allow
trader to easily automate their strategy into computer program.
NinjaTrader
This
is another software trading platform which allows multi currency
trading and comes with built in indicator chartings. Fully customizable
and comes with NinjaScript to automated your trading strategy. Is comes
with a simulator to back test your strategy using historical results.
There are also a lot of forums, technical support and know-how website
contributing to this trading platform.
Protrader
This
is less known but is slowly gaining popularity due to its built
entirely on JAVA and its full portability. It also comes with built in
chart indicator, mutli currency trading and a programming Protrader
language for automation of strategies. Provide full support to web,
desktop and hand phone application.
In house develop software
There are many software application platform that various Forex Broker provides and are so call in house develop software. They run their own research and programming team to enhance and update their software. Most of these software are develop to fully operate via Web, desktop or hand phone. But most in house software does not comes with programming language, with makes it a disadvantage as compare to MT4, tradestation and NinjaTrader.
Final words.
Another
new version MT5 is coming out and improves the execution speed and
overall experience better then MT4. I personal like to use MT4 and love
the feel of this platform. You can try out the other platform to see if
it suits your trading experience. Last and most important to know is
your Forex Broker, does it provide this platform for you?
Source http://business.ezinemark.com/why-choose-mt4-for-forex-trading-system-7d35131dff7a.html
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