Currency Trading Software

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
  1. Forex Charts

    A charting package that allows a trader to view historical currency ...
  2. Currency Trading Platform

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  3. Forex Forecasting Software

    An analytical tool used to help currency traders with forex trading ...
  4. Forex Charting Software

    An analytical, computer-based tool used to help currency traders ...
  5. Forex Account

    The type of account a forex trader opens with a retail forex ...
  6. Forex Broker

    Firms that provide currency traders with access to a trading ...
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