Types of Forex trading terminals.

The trader's trading terminal is the program through which all operations are carried out on the Forex currency exchange .

Moreover, in the terminal you can not only make transactions, but also perform many different actions - conduct technical analysis, test strategies, receive news, etc.

According to their work, trading platforms can be divided into four main groups - standard, Web, mobile and automatic. It is this division that will allow the trader to choose the most suitable option.

If necessary, you can use several trading terminals at once, for example, a regular metatrader for working at home, and a web terminal for transactions outside the home.

Let's move on to an overview of the available options for 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 stability, there are simply a huge number of additional scripts And indicators.

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

•    Mobile – most often this is the same MetaTrader, stripped down in functionality; such a trader’s terminal can be installed on almost any mobile device with Internet access – phone, iPhone, smartphone, etc.

On the mobile version, you can manage transactions, but working with additional scripts is practically impossible.

•    Web terminal – it is located on your broker’s website and runs in any browser, that is, at work or in an Internet cafe, you can go to the broker’s website and launch the terminal using your login data. It’s convenient when management controls the installation of additional software on a work computer.

• Automatic – the name speaks for itself, in this trading application you can carry out automatic trading, copy transactions 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 is not even a completely ordinary platform, but more of a trading strategy constructor that allows you to create a robot in a few clicks. Quite an interesting program with a large number of tips using which the adviser will create even a beginner in Forex.  

The trader’s task is to build trading in such a way as to take advantage of all the advantages of trading terminals; this is what can significantly increase the efficiency of Forex trading.