DEFINITION of 'Currency Trading Software'

Trading software to help the currency trader with forex trading analysis and the execution of trades. Currency trading software provides charts and order-taking methods, which are usually free of charge when a trading account is opened with a forex broker. As with trading software used for trading other securities like stocks or futures, most platforms differ greatly in functionality.

BREAKING DOWN 'Currency Trading Software'

It is hard to determine which software is best because the currency trading software from each retail forex broker is so different. As such, the answer is very personal.

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 the trial periods to help you better decide which forex trading software best suits your needs.

RELATED TERMS
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  5. Forex Account

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RELATED FAQS
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    A trading platform is a piece of software that acts as a conduit for information between a trader and a broker. A trading ... Read Answer >>
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