I have certainly traded on ICMarkets many different trading platforms. Some programs have been a pleasure and a joy on which to operate, and programs made me need to put my hair on fire. The selection and quality of trading platforms varies to platforms from platforms that are bad.
Word out to meet, I would list the programs that are of premium quality and list. Unfortunately, if I took that approach the heap of lawsuits and cease and desist would have my mailbox. The reason why I believe they are powerful I have chosen some characteristics of enumerate and great platforms.
Of course, any platform's efficacy is directly related to the quality of the feed. For the purposes of this article, we will assume all platforms have a decent data feed and simply remove that variable.
1. A good platform has a quality pair of charting tools at your disposal.
When trading and busy graph it is essential to have the ability to draw trend lines, Fibonacci retracements points, and a host of other tools which dealers other might deem necessary. In order to facilitate the drawing of those symbols you should not need to have a degree in physics. The procedure for entering symbols and fashion lines should be realized without excessive idea and effortless. After all, your main focus on trading is the cost action on the chart not figuring out how to draw lines in your chart up.
2. A fantastic platform ought to be simple to read and interpret.
A fantastic platform should be easy to read and set up. You should not have to read a 200 page manual in order to operate the software. The chart ought to be clear and easy to comprehend and the indicator readings must be legible and prominent. Platforms that are not simple to prepare, or require maintenance to set up waste valuable trading time and cost the dealer cash. A quality program will save your settings from the previous day and you shouldn't have to add your oscillators and indicators when you begin the program the following day the settings should appear.
3. A platform that is good has a complete set of indexes and oscillators.
There's not anything more annoying than having a platform that does not have a complete set of indexes or a technique to add the chart and those indicators together. Many end programs feature five or six indicators that are primary and that's the degree of their performance. Further, a platform that is good should permit you to correct time periods along with other variables in the signs. It shouldn't take an excessive quantity of time to perform these functions. They ought to be self-explanatory rather than require paging through the 200 page guide that is dreaded to determine how to set a commodity channel index with a 14 period placing.
4. A platform enables for a number entry and exit choices.
A good trading platform allows you to rapidly set the number of contracts whilst at the same time providing you the capacity you planned trade. This should be a simple activity, not require an inordinate amount of time. Most good trading platforms also have a provision that allows you to scale out of trade at certain profit factors. Further, a good platform is going to have a readily known stop feature that is simple to establish. You also need to be able to set a simple bracket trade up with a minimum quantity of effort.
5. A platform that is Fantastic crashes or never fails
There's no worse feeling in trading than being in an active trade and the platforms applications fails. There's no excuse for software incompatibilities with systems. The stage is the essence of your livelihood and ought to perform as such. This particular requirement is just one of my pet peeves, like I traded ones on a stage that was made for a frustrating and long day and very unstable. I've not ever used that stage and never will. Software designers are inherent in trading platforms and there's absolutely no reason that these defects should not be addressed in a manner which insurers the trader of a wreck trading experience. There's not anything worse than program.
There are lots of inherent flaws in trading platforms applications, but these five stand out as bargain killers in my publication. If I encounter these problems with any 21, I won't tolerate one or more of these flaws and will change platforms. Of course, a glitch can be anticipated. But a constant and reoccurring glitch in trading platforms applications is inexcusable.
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