Types of Forex trading terminals.

A trader's trading terminal is the software that facilitates all operations on the Forex currency exchange.

The terminal not only allows for trade execution but also enables a variety of other activities, including technical analysis, strategy testing, news streaming, and more.

Trading platforms can be divided into four main groups based on their functionality: standard, web, mobile, and automated. This division allows traders to choose the most suitable option.

If necessary, you can use multiple trading terminals simultaneously—for example, a standard MetaTrader for working at home and a web terminal for trading outside the home.

Let's review the available Forex trading platforms:

•    Standard – The most famous options included in this group are Metatrader 4 and 5, there are also a number of other platforms, but, as a rule, they are inferior in functionality and stability.

MetaTrader 4 is the best choice, because in addition to its stable operation, there are a huge number of additional tools written for it scripts And indicators.

Each broker provides its clients with a unique trading platform, which means it will still be MetaTrader 4, but with some minor modifications. The trading terminal can always be downloaded from the website of any broker Forex dealing centers.

•    Mobile – most often, this is the same MetaTrader with a limited functionality. This trading terminal can be installed on virtually any mobile device with internet access – a phone, iPhone, smartphone, etc.

The mobile version allows you to manage transactions, but working with additional scripts is practically impossible.

•    Web terminal It's located on your broker's website and runs in any browser, meaning you can access the broker's website and launch the terminal using your login credentials at work or at an internet cafe. This is convenient when management oversees the installation of additional software on your work computer.

• Automatic – the name speaks for itself, in this trading application you can carry out automatic trading, copy trades or receive signals to open positions, it all depends on the terminal itself.

At the moment the most common is - R Trader In fact, this isn't even a typical platform, but rather a trading strategy builder that allows you to create a robot in just a few clicks. It's quite an interesting program with plenty of tips that even a Forex novice can use to create an expert advisor. 

The trader's task is to structure trading in a way that utilizes all the advantages of trading terminals; this is precisely what allows for significantly increasing the efficiency of Forex trading.