Trading Platforms & Software Reviews

Reviews on various online forex trading platforms and trading software and applications

Apr32012 by Editorial TeamNo Comments

ICTS Forex Trading Platform

The ICTS platform is the proprietary forex trading platform from GCI Trading. It is a much different trading platform from the MT4 or MT5 platforms. It is patterned after the ACTrader application and has several versions: ICTS Forex Trading desktop client ICTS Forex Trading web-based version (JAVA) ICTS Forex Trading iPhone App ICTS Forex Trading Windows mobile version that runs on Symbian phones This dexterity in the different versions of the ICTS Forex trading platforms ensures that trader at GCI Trading has unrestricted access to the GCI Trading portal. It is possible for the trader to open a position on his home computer in the morning, check on it with his smartphone during lunchtime, and also trade in a hotel WiFi spot when he has neither his home computer nor his smartp...

Mar272012 by Editorial TeamNo Comments

ActTrader Platform – ActTrader Tutorial

Trading Platforms & Software Reviews

The ActTrader platform is the proprietary forex trading platform used by forex brokers such as Ava Financial Limited and is usually marketed by forex brokers in different names. There are several versions of this platform available. Different brokers that use ActTrader may provide their traders with some or all of them. The versions are: A downloadable desktop client. The executable file must be downloaded (2.6MB in size), then used to download the full version of the software (about 6MB in size) while connected to the internet ActTrader web/browse based version which runs on JAVA ActTrader iPhone and iPad versions ActTrader Android-based devices There is also a Windows-based mobile version that runs on Symbian phones The variety in versions of the ActTrader available for us...

Mar252012 by Editorial TeamNo Comments

Difference between MT4 and MT5 Platforms

Trading Platforms & Software Reviews

Many traders want to know if the MT5 trading platform is a whole new version of this popular trading software, or whether the MT5 is merely a re-invented MT4 with a few tweaks here and there. Forex brokers are slowly starting to expand into offering the MT5 trading platform for their traders. While most of the forex brokers for now are currently offering MT5 demo accounts, the migration to the MT5 live accounts will happen sooner than later. Off the bat, MT5 platform boasts of some great new features such as offering depth of market, flexible chart time frames and much more. The only flipside with the MT5 trading platform is the non compatibility with MQL4 language. This means that just about every other forex indicator, robots, EA's must have to be re-written into the new MQL5 language...

Mar232012 by Editorial TeamNo Comments

MT4 Trading Tutorial – Quick guide to MT4 Trading Platform

Trading Platforms & Software Reviews

The MetaTrader4 platform, also known as the MT4 platform, is a trading platform on which traders can trade predominantly currencies. Some forex brokers have also added a few other instruments outside of the forex domain such as spot metals (gold and silver), crude oil and stock indices. But the predominant financial assets traded on MT4 remain currencies. In this MT4 trading tutorial, we will go over the necessary functions which every trader who uses MT4 (or intends to use MT4) must know. Opening Orders on the MT4 Trading Platform Six types of orders can be opened on the MT4 platform. These are: Buy Stop Sell Stop Buy Limit Sell Limit Market Buy Market sell The first four order types are pending orders while the last two order types are market orders. Pe...

Mar202012 by Editorial TeamNo Comments

MetaTrader 5 Forex Trading Platform – Preview

Trading Platforms & Software Reviews

Early March saw the latest version from MetaQuotes, the MetaTrader 5 being launched. MetaTrader is one of the most popular forex trading platform to date and Metaquotes finally completed their beta testing of the MT5 trading platform which is now available to everyone to download. The MetaTrader5 trading platform sees some noticeable improvements from the previous version, MT4. The MetaTrader5 carries a lot more new features include intuitive programming language, rapid execution times, and an improved technical and fundamental analysis. Traders who want to make the move from MT4 to MT5 will find an edge and specially for those that make use of EA's extensively. What is MetaTrader 5? Developed by MetaQuotes, a software development company with over 10 years in existence MetaQuotes has co...