Forex platforms: How do FX traders use forex platforms?

ForexNewsNow | Published on August 25, 2010 at 8:45 pm

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Forex platforms - Fed chief Ben BernankeNEW YORK (Forex News Now) – Forex platforms are programs that enable FX traders to engage in online FX trading. Such forex platforms today are most widely used in retail forex trading.

Among the forex platforms most commonly used is Metatrader. Forex platforms usually offer real-time data on the currency market. As such, forex platforms show FX traders the movements of currency pairs as they are affected by realtime forex news.

It is possible to use forex platforms to engage in a number of different online FX trading strategies. One strategy used on forex platforms is technical analysis trading.

Forex platforms usually offer various charts. Watching the movement of an FX rate on the charts available on forex platforms, FX traders can apply intraday analysis.



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