Advanced tools and functionality are significant aspects in creating a trading strategy that is profitable sooner or later. Charting analysis, moving average, Bollinger bands, Fibonacci retracements, real time news and historical data are a
few of the hundreds of tools and indicators that investors can utilized when trading currencies online. Moreover several plug-ins are available in the market that enable automated trading that give a considerable reduction in the time needed for traders by executing orders on their behalf based on pre-configured settings. In order to achieve such performance and functionality with fast execution speed, several platforms appeared in the market such Metatrader by Metaquotes and Tradestation by Monex Group. For newcomers an important factor to keep in mind is that these platforms require a considerable amount of time in order to get used to and adjust them to your requirements. In this article we are going to analyse two newcomers in the Forex industry that offer their own unique platforms for traders to try, MahiFX and Tradeo.
MahiFX headquartered in New Zealand launched their retail FX platform in 2012 with heavy PR and well received reviews. Offering a new approach towards technical analysis MahiFX's platform is well designed and displayed. With an array of technical tools and all the common indicators you would expect, viewings chart becomes easy on the eyes as their platform is one of the most visually appealing on the market. Offering competitive spreads and effective customer support, MahiFX should be a good alternative for traders looking for a new experience. Make sure to test their demo account first, so that you can learn and adjust to the platform without risking any real money.
Tradeo recently launched is a Forex social trading platform. Focusing on the community structure similar to other platforms such as Openbook and Leverate, Tradeo aims in providing a more collective and competitive experience by integrating social tools such as Facebook, Twitter and Google Plus in their platform. Users create a new account and attach an existing Forex account from another broker. This process is very easy to do. Keep in mind that if you fail to attach a supported account then your trading activity will not be visible in the community network. Tradeo supports a large number of partner firms but make sure to ask your broker beforehand. They also allow users to create groups and discuss the market, strategies and show-off their recent trading achievements.
Richard BroomStick is a financial writer at http://fxmoz.com. Check out our Pepperstone review
Article Source: http://EzineArticles.com/?expert=Richard_Broomstick
No comments:
Post a Comment