Currency Trading Platform


DEFINITION of 'Currency Trading Platform'

A type of trading software used to help currency traders with forex trading analysis and trade execution. Currency trading platforms provide charts and order-taking methods. As with trading platforms used for trading other securities like stocks or futures, most can differ greatly and can vary in cost.

BREAKING DOWN 'Currency Trading Platform'

There are many currency trading platforms in the marketplace, but some things to look for include fee structure, functionality, product quality and included products such as charts etc.

Most forex brokers allow you to open a demo account prior to funding a full account or mini account. Be sure to try out each broker's software during their trial periods to help you better decide which forex trading platform is the best for you.

  1. Application Programming Interface ...

    An interface or "go-between" that enables a software program ...
  2. Trading Platform

    Software through which investors and traders can open, close ...
  3. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  4. Watch List

    1. A list of securities being monitored closely by a brokerage ...
  5. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  6. Forex - FX

    The market in which currencies are traded. The forex market is ...
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  1. What should I look for when choosing a forex trading platform?

    A trading platform is a piece of software that acts as a conduit for information between a trader and a broker. A trading ... Read Full Answer >>
  2. What types of accounts are available for forex trading?

    There are many different types of forex accounts available to the retail forex trader. Demo accounts are offered by forex ... Read Full Answer >>
  3. Can mutual funds invest in options and futures?

    Mutual funds invest in not only stocks and fixed-income securities but also options and futures. There exists a separate ... Read Full Answer >>
  4. How do futures contracts roll over?

    Traders roll over futures contracts to switch from the front month contract that is close to expiration to another contract ... Read Full Answer >>
  5. Why do companies enter into futures contracts?

    Different types of companies may enter into futures contracts for different purposes. The most common reason is to hedge ... Read Full Answer >>
  6. What does a futures contract cost?

    The value of a futures contract is derived from the cash value of the underlying asset. While a futures contract may have ... Read Full Answer >>

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