Top 10 Cheapest Online Discount Commodities Futures & Options Brokers for 2014

Futures Brokers Review

Top 10 Cheapest Online Discount Commodities Futures & Options Brokers for 2014

Disclaimer: I have no affiliations with any of the firms listed below. I have used some of them for trading. The reviews below are based on my experience which could differ from yours or another. Please do your own research.

With the current increase in activities as well as participation of self-directed traders in the commodities futures market. Finding a good quality, online futures broker with cheap rates, can be exhausting, yet important.

The fees and commissions in trading are very significant and can reduce a trader’s profit or increase their losses.

I have been involved, traded futures and options, as well as used multiple trading platforms for over 10 years and will provide a summary/ ranking of the top 10 cheapest online discount futures and options brokers beginning with the best.

You might be surprised to find some brokers on the list you never heard of before. A simple explanation is. Some of the well-known companies spend a lot in advertisement and getting their brand name out there. The cost is then transferred to the traders who end up paying more in commissions and fees. While the cheaper brokers keep their overhead costs low, so they can afford to charge very low commissions.

For traders, an ideal broker needs to have

– Very low commissions to trade futures & options. The exchange and NFA fees are typically standard for all traders and brokerages.

The commissions below are advertised rates by the brokers.

– Free or very cheap, stable and reliable trading platforms.

– Easily contactable customer service or support.

Top 10 Cheapest online discount futures & options brokers are:

1) Blue Futures (bluefutures.com )

Commission: $0.99 per side

Blue Futures is one of the cheapest online futures & options brokers, as well as one of the top brokers that provide fast execution to traders. An example of one of the brokers that limit their overhead / marketing cost, to maintain a low commission rate for traders.

No minimum opening account balance.

Trading Platforms: Their trading platforms are free, excellent, stable and easy to use. It comes with live streaming charts and quotes and the ability to place a trade or cancel all outstanding orders with just one click, among other things.

As a day trader, I still use this broker because of how fast and real-time their products are.

Easily contactable customer service: In a generation where phones send you to answering machines, asking you for extensions or keeping you on hold with some elevator music, before being able to speak to someone. This guys really impressed me. I am yet to have a problem reaching someone at this company. Besides having a human being immediately pick up the phone when I called as opposed to a machine asking me to dial more digits, I have also been able to get my questions answered through the online live chat on their website, surprisingly on a weekend.

For these reasons and some others, I believe Blue Futures is the top online futures broker. Hope they keep it up.

2) Trade Station (tradestation.com)

Commission: $1.20 per side

Trade station has a low commission rate and also offer opportunities to trade futures. Trade station places its trades through RJ Obrien, one of the largest futures trading commission in the business.

$5,000 minimum opening account balance

Trading Platforms:

Their trading platform is also easy to use with live streaming quotes and also provide charts. With their platform, you can sort or rank symbols based on indicators.

Easily contactable customer service:

As a former customer, it was easier for me to reach them via email. You get assigned to an account representative making any other rep you get on the phone reluctant to help. I actually had an experience with my initially assigned account rep, who preferred to go home early than to provide assistance to me, a new customer at the time. I had to ask for a new account rep.

3) Trade Monster (trademonster.com)

Commission: $1.50 per side

Trade monster is another low commission online broker. They also provide access to the securities markets

Trading Platforms:

Platform offers real-time streaming quotes & charts with technical analysis.

Easily contactable customer service:

Unable to reach on weekends or after hours.

4) Apex Futures (apexfutures.com)

Commission: $1.99 per side

The commission Apex Futures charge can also be considered low, compared to the rates charged by majority of brokers in the industry.

Trading Platforms:

Apex provides real-time quotes and charts.

Easily contactable customer service:

They are contactable with online chat features, except on weekends.

5) Ace Commodity Trading (acecommodity.com)

Commission: $1.99 per side

$1.99 is a low and competitive rate in the business.

Trading Platforms:

Ace clears trades through Vision Financial Markets, which gives traders access to live streaming quotes

Easily contactable customer service:

Unable to reach on weekends.

6) Think or Swim by TD Ameritrade (thinkorswim.com)

Commission: $2.25 per side

Thinkorswim by TD Ameritrade, is a company whose commercials you might have seen on various financial networks. I use TD Ameritrade to trade stocks. I wish their commissions in securities trading is lower. I had some unhappy incidents involving unexpected and surprising fees of $35 on several occasions.

Trading Platforms:

Web based platform with quotes

Easily contactable customer service:

I expect to be kept on hold after navigating through the voice machine in before speaking with someone. I once had a rep hang up on me as I tried to figure out why I was being charged a fee so much, it put me on margin call. I called back and spoke to another rep that explained everything and gave me a reason not to worry.

Reviews of Online Selling and Trading Sites

Online Selling and Trading – Just the Basics

Online sales and trading platforms have become huge over the past few years. What was once an industry dominated by eBay has now become a diverse industry with a plethora of options sure to fit any seller’s unique needs.

Online selling and trading has both its pros and cons. Some people prefer larger, more established sites, while other sellers tend to be attracted to smaller sites with niche audiences.

Sites like eBay and Amazon provide a number of perks for reputable sellers, however competition is high on these sites, and it can be easy to become lost in the mass quantity of third-party listings.

Despite this, a recent study of Amazon.com found that 32% of sales through the site came from third-party sellers. That is a huge percentage for a site like Amazon.

Smaller platforms that are newer, as well as niche platforms that target specific audiences are great options for people who are selling many similar items, as well as people who may be new to online selling overall.

Sites like Etsy.com, ArtFire.com and Shopify provide sellers with tools to create their own storefront and design their online shop the way they see fit, making these sites huge hits for artists and those selling unique items.

When it comes down to it however, online selling is similar to online content writing in that you don’t want to keep all of your eggs in one basket. The more sites you list items on, the more sales you can potentially make,
From Food Products to Beauty Products and More – You Can Sell it All Online Yourself!
Source
Online Selling Platforms

eBay
Amazon
Shopify
Etsy
Sell.com
Shopio.com
ArtFire.com
TrueGether.com
Overstock.com

Ebay – An Online Site for Selling

eBay is considered the largest person to person selling platform online (even though technically, it isn’t). The first of its kind, eBay blew up when it was introduced to the market, attracting businesses and individual sellers around the globe.

eBay makes selling online easy, for the most part. You simply gather up unused or unwanted goods, create your profile and start selling.

It sounds simple, but selling on eBay is something that takes significant patience and practice.

Skills like product photography, marketing, and even graphic design all can come in handy when it comes to creating eye-catching listngs that draw in traffic and drive up bids.

eBay also relies VERY heavily on customer satisfaction, and ratings are everything on this platform. The more positive feedback you receive, the more people will be willing to do business with you.

Although eBay makes selling easy however, the buyers don’t always make it so seamless.

As someone who used to sell on eBay regularly, I will admit that I left the platform after being scammed out of hundreds and hundreds of dollars due to crafty buyers looking to pull the wool over the eyes of unknowing sellers.

According to a 2006 ACNielsen study commissioned by eBay, 1.3 million individuals used the site as a primary or secondary source of income worldwide.

One of eBay’s most successful sellers is Jack Sheng, who made headlines in 2008 when he became the first seller to earn 1 million positive ratings from buyers.

WARNING: eBay is regarded as one of the largest online selling platforms, and because of this, it is a prime target for cyber hackers. A few months back, eBay was a victim of the second largest cyber breech in history, even larger than Target.

It wasn’t talked about as much as Target however, but that is because of high powered representatives from the company using their millions of dollars in profits from the site to keep the media quiet.
Etsy, Shopify and ArtFire.com are Great Platforms for Artists Looking to Sell Their Work
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E-Commerce: Get it Right! Step by Step Guide for Selling Products Online
Online Business from Scratch: Launch Your Own Seven-Figure Internet Business by Creating and Selling Information Online
Online Business from Scratch: Launch Your Own Seven-Figure Internet Business by Creating and Selling Information Online
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Amazon – A Marketplace for Sellers of All Shapes and Sizes

Amazon is a popular site amongst people all over the globe, which is why it makes sense that a third of Amazon sales are through third party retailers and private sellers. Amazon’s Seller Marketplace is catered to both businesses large and small, as well as individuals who just want to make some income from items they no longer use.

The Amazon sellers’ platform features over 20 different categories to list item, provides free listing options and offers great customer support for both buyers and sellers. Updating and adding new listings is simple with Amazon’s easy to navigate seller’s dashboard and by using Fulfillment by Amazon, the company gives sellers the option of shipping themselves, or allowing Amazon to fulfill their shipments.

Amazon.com offers two different selling plans for users- one for professional sellers and one for individuals who only sell things as they find them. The professional plan costs $40 each month but comes with the ability to list an unlimited number of products. The individual seller plan costs practically nothing – just a $.99 processing fee each time an item is sold.

Amazon is the place people go to find great deals on products. If you are a seller looking to get rid of some old stuff, Amazon may be right for you. However, if you are looking to market items towards people with higher budgets, Amazon is not the place.

Best Bitcoin Trading Platforms

Getting Started with Bitcoin Trading

Trading Bitcoin is really exciting, and offers a wide range of advantages over something like forex trading. Peer to peer markets mean you can often enjoy lower fees and can trade securely in the knowledge that the odds aren’t stacked against you by the advantages given to large financial institutions. For a regular retail investor trading on the traditional financial markets often feels like betting at a casino – the house always wins in the end – but this is not the case for digital currency markets.

The volatility of Bitcoin means that the risks are high, but so are the potential rewards. This makes for very exciting experience and could even make you rich even if you only start with a modest amount of trading capital. But of course it also means that you can lose a lot of money in a short space of time – especially if you are trading with leverage.

If you are confident that you understand the risks and you are only going to trade with money you really can afford to lose without causing yourself any problems then read on and you will find some of the best trading platforms and sites to get you started.

Of course you will also need to keep up to date with the latest trading analysis and investment news, so check out this site which provides a twice daily digest of the latest Bitcoin Trading News Headlines

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Are You an Experienced Trader?

Yes, I am an experience Bitcoin trader
Yes, I am an experienced trader in traditional financial markets, but not Bitcoin
No

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Bitfinex

Bitfinex is the only Bitcoin trading platform which not only allows you to access ‘leverage’ with margin trading, but also to use your funds offer liquidity liquidity to others in return for a set interest fee.

The Bitfinex margin trading feature allows you to effectively trade as if you had more money than you really do have, therefore increasing your profits when you make a winning call, and increasing your loses when you make a losing call. For example, if you put up $100 USD to take a ‘long’ position on Bitcoin with 10 times leverage, and the price of Bitcoin then rises by 5%, rather than simply taking a profit of $5 which would be 5% of $100, you actually a profit of $50. To do this the system borrows USDs from liquidity providers and uses them to buy Bitcoin. To protect the liquidity provider, your long position will automatically close before you lose all of your own $100 trading capital.

This kind of margin trading increases your potential rewards, but also your risks. Anyone wishing to make a safer investment can instead use their USD or Bitcoin funds to provide liquidity. To do this you place an offer on the market stating how much you want to make available, how long for, and what return you would like to get.

In addition to Bitcoin, the Bitfinex site also offers Litecoin trading.

Online Currency Trading

What is the attraction? Why Leverage of Course

There is one single reason that forex trading is so popular. It isn’t the twenty four hour accessibility to the forex markets and the ability to do a forex trade at whatever hour of the day you want. Nor is it the fast paced adrenaline inducing trading that the forex traders in the international banks partake in every day. Nor is it the thrill of currency trading on the world’s largest and most liquid market. What is it then that draws people to this sport? In one word it is leverage.

The forex market is a very exciting place to be if you are a smart and capable trader. With an average daily turnover of over four and a half trillion dollars, the forex market is larger than all the other financial markets combined. While stock traders and investors in bonds and money funds are subject to the ever changing state of the economy, forex traders can make money in all market conditions, whether a boom or whether a bust, for the forex trader it’s just another great opportunity to make a profit. But this isn’t the real reason why so many hopeful investors try to make it there, but foreign exchange leverage is.
Leveraged Trade – Rates Window
Trade is equal to 0.01 of a ‘lot’
Trade is equal to 0.01 of a ‘lot’
How Does Leverage Work?

This is how leverage works. Usually when an investor makes a trade, he has a set amount of money in his account, let’s say $1000. He then buys an asset, stocks, bonds, commodities or currencies for $1000. However, with some stock brokers, the investor has the opportunity to buy more stock than his initial investment by using leverage. By using the stock as collateral, the stockbroker will then loan the investor the remainder. The current laws require that the investor must put up at least half of the investment. So, if the investor has $1000 he can buy stocks worth $2000. That is all very good, but it’s hardly something that has everyone clamouring to trade in financial assets.

Suppose on the other hand, that this investor took his $1000 and opened an online foreign exchange account. Now we are talking. Unlike stocks and bonds, forex trading is not regulated by a governing body, which luckily for the professional or the amateur trader there are no limits as to how much leverage can be used. Let’s say the investor uses his $1000 which is in his online foreign exchange account and buys one or more currency pairs. The forex broker who is not subject to any laws, will then offer the investor a loan up to several hundred times the value of the funds the investor has in his brokers account. This essentially means that the investor can leverage his account by 1:100, 1:200 or even up to 1:400. Now it’s easy to do the sums, an investor who has an initial deposit of $1,000 can now trade up to $100,000 and maybe even more.
FOREX TRADING: The Basics Explained in Simple Terms (Forex, Forex for Beginners, Make Money Online, Currency Trading, Foreign Exchange, Trading Strategies, Day Trading)
FOREX TRADING: The Basics Explained in Simple Terms (Forex, Forex for Beginners, Make Money Online, Currency Trading, Foreign Exchange, Trading Strategies, Day Trading)
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Trade Example
Trades used 0.02 of a ‘lot’
Trades used 0.02 of a ‘lot’
Trading Currencies
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Trading Floor
Trading Fundamentals

It’s easy to see why foreign exchange trading is so tempting and why more and more people are signing up to open online foreign exchange accounts and downloading an online trading platform. In order to trade with leverage, you need to have collateral to borrow money from your foreign exchange broker. Trading is done in ‘lots’. One ‘lot’ is $100,000, so if you your broker offerws a leverage of 100:1 you need to use $1,000 of your capital to trade $100,000. You can trade parts of a ‘lot’. So say you decide to trade 0.01 of a ‘lot’ you are trading $10,000 and at 100:1 you only need to use $100 of your capital. This is what is known as ‘leverage’.

It’s important to understand that leverage isn’t calculated on funds in your account, but on the total equity of your account. This includes all currently open trades. Let’s say you have an online account with a maximum of 1:100 of leverage. This means that you can trade for 100 times your equity. In the first trade that will mean you can only trade 100 times your initial deposit, but if the trade goes your way and your outstanding trades appreciate in value, then your account equity will also increase even though your account balance stays the same. Because your equity has increased you are know able to leverage your trade even more. Trading this way is of course more than highly speculative.

If the trade goes south and the value of your outstanding trades decrease, you may be subject to a ‘margin call’ from your broker. Since your account equity is now less than what is needed to maintain the leverage, the broker may require you to deposit additional funds to keep your trade open. So, while leverage can reap enormous profits, it can also make you lose your initial investment very fast. You can never lose more than the money in your account though. That means you get all the opportunity for leveraged profits, but only risk losing the non-leveraged amount in your account. Now that’s not a bad deal.

Of course being a clever trader you could also employ stop losses on every trade you do. You can indicate the rate at which you want your broker to close out the deal in order to minimize your loss if the deal is going pear shaped and you are not around to close out the deal yourself.

If you are a beginner at online trading, it’s best to experiment with leverage using a demo account, with your broker and download a trading platform from one of the many regulated online brokers. You can also try trading with leverage using a mini account where the minimum deposit can be as low as $20. With $20 you can trade as much as $2000. I personally have an account with several brokers and usually trade for an hour a day with some success. Above is a series of trade which I did on one of my demo accounts. Each trade used 0.02 of a ‘lot’.
Trading Ticket
Trading Ticket

This is the window that appears after clicking on the buy or sell button in the rates window. This window shows the rate at which I dealt. In this case 89.75. Which side I dealt on. In this case it’s a sell of dollars against yen. It shows the amount of the deal after leverage ($270,000), the amount taken from my account was $1350.00. It also gives me the opportunity to set up a stop loss or/and a stop profit rate. As you can see here I set up a stop loss of 90.04, a loss of $624.75. I also for this articles purposes ticked the stop profit button at a rate of 89.44. I would not normally do this as I would like as much profit as I can get. However, if you cannot keep an eye on the market a stop profit is good for preventing the profit from dwindling away because of a downturn in the rate and you are not there to close out the position.
Profit/Loss Indicator
Real Time Profit/Loss/Equity Indicator

This window shows how your deal is performing and what is happening to your equity. In my case I am $64.62 down on the deal and I have an equity of $3,168.15. As the profit/loss figure changes so does the equity position. So if I went into profit of $20 my equity balance would increase by $84.62.
Candle Stick Chart

I find that using the candlestick chart is far more efficient than using a line chart for tracking a currencies movement over a period of time and in real time. As you can see the general trend of the USD/JPY currency pair has been down. At 15.25 the rate was 90.20 and at around 19.35 it is at 89.78. So the dollar has fallen some 42 pips in 4 hours. I took this snapshot at 19.40 and as you can see for the last hour the rate has not done much and has been fluctuating in a 10 pip range. Not a good time to do a deal as I didn’t really know where the rate was going. This chart tells us that the USD/JPN rate tried to move above 90.20 twice but didn’t make it. Also it tried to move below 89.70 several times and didn’t make it. If you read candlestick charts carefully they can tell you a lot.
Finally

The plus500 trading platform is easy to use for the beginner; it’s easy on the eye and fairly intuitive. Give it a try to if you don’t feel comfortable with it, Google the term ‘forex trades’ and you will get a list of most of the online trading platforms. Good luck, I’m sure that like many people you will very quickly get hooked on forex trading online.

Recognize The Best Online Trading Opportunities Offered

Best online trading opportunities are open to people who take advantage of a smart likelihood which may usher in some useful actions and results to any online trader and broker.

The net has opened the simplest chance for on-line traders of economic instruments through online trading. Otherwise called the Direct Access Trading or the DAT, this way of trading business has flourished in the web market within the last five years giving probability for anyone to earn profits and gain opportunities of economic progress even if they do not go personally within the monetary markets. The most effective online trading has come back in several various forms to contribute success to each aspirant of comfy living.

The existence of the net future trading has welcomed nearly all monetary instruments to be exchanged together with ETFs, bonds, futures, forex currencies, mutual funds and stocks. But the expectations don’t seem to be at all the same as a result of trading through the net differs in many aspects as those traditional varieties of trading practices and methodologies.

Having a image of the conventional trading method will provide an enormous and in-depth understanding of what awaits traders online. Ancient trading is completed through the use of telephone and alternative communicating ways where the broker desires to provide help to the trader from the beginning up to the closing of the trading process. The broker then looks into the information in each transaction and collect them for higher trading decisions. Best on-line stock trading results don’t totally come during this scenario as a result of the process is slow and might take many hours to be in a position to finish a single trade.

On the other hand, the advent of the online trading has modified the trend. It’s not solely one single transaction which may be perfectly executed because the web trend is fast and accessible. Trading through the web is done through the utilization of an on-line trading platform. This software is provided by the broker. This platform is infused with the real-time market information, alerts, charts and news that the trader could utilize to successfully conduct online future trading. Without the close supervision of the broker, the trader could successfully conduct a trade because of the data contained in the platform.

Because of trader’s independence in making choices, the complete method is quick which on trader may perform as several choices as possible. This also paves the chance for any trader to form trading call for any financial instruments possible. Traders will get into more than one market and trade as many product as he will utilizing one ECN and software. This means a lot of transactions and more profits for both the broker and therefore the trader so much from what ancient modes of trading might ever give birth to to the trading agents.

Change is inevitable to anything in this world. The transition from one point to another, from the ancient to modernized methods facilitates success even abundant more efficiently. Best online trading opportunities are open to those who exploit a smart likelihood that might bring in some beneficial actions and results to any online trader and broker. Trading commissions are rewarding to online traders who understand how to take advantage of the exchange market and make the most out of it.

Online Forex Trading -=free $5.00=-

Providing Opportunity Around the World
Our mission is to provide opportunity for individuals around the world to trade on financial markets under equal conditions like traders operating in traditionally closed financial centers and institutions.
In order to help individual traders make independent and knowledgeable trading decisions, Marketiva provides several types of service completely free of charge: an advanced charting system, daily research reports, market event alerts, expert discussion forums and several other free value added services. Marketiva also offers virtual trading desks within each customer account to make it easy for traders to experiment with strategies, improve their trading skills and get acquainted with the system before buying and selling on a live trading desk.

Multinational Team of Professionals and Scientists
Marketiva’s multinational team consists of financial specialists and computer scientists residing across four continents and all time zones, giving Marketiva unparalleled edge both in exposure to market events and real-time responsiveness to customer needs.
The uniqueness of Marketiva’s approach lays in the synergy of financial professionals with more than 30 years of combined experience in both trading and dealing working together as one team with computer science experts shaping Marketiva’s advanced trading platform. To achieve the ultimate in customer satisfaction, Marketiva’s financial and IT experts combine their skills, target-oriented attitude, team spirit and unrelenting focus on the customer.

Integrity, Initiative and Continuous Innovation
We are committed to employing people of integrity, initiative and ability, who help us continue a culture of strong work ethic, value of ideas and responsiveness to customer’s goals. Traders all across Europe, Asia and Americas have recognized the dedication Marketiva has to development of long-term relationships with clients.
Marketiva continues with its commitment to technical innovation by regularly advancing the trading platform with the goal of providing individual traders with the most effective and flexible trading platform in the world.
Marketiva is proud to offer one of the most advanced online trading platforms available. Historically, online traders have struggled with problems related to the trading platform, such as unreliable software, slow trade execution, incorrect price feeds and many others. Thanks to the superior trading platform Marketiva is utilizing, traders can finally concentrate on trading instead of various technical difficulties.

Next-Generation Phoneless Customer Support
To provide the quickest and best quality customer support, Marketiva uses a unique next-generation online customer relationship management platform. Marketiva customers enjoy the most responsive, low-cost customer support available thanks to Marketiva’s customer support modules within its advanced trading platform. Marketiva customers use the built-in Support chat channel within the Streamster™ software or e-mail facilities to get answers to their queries in a record short time because there is no need to spend minutes on the phone establishing and authenticating the identity of the customer and explaining the full history of the support issue. Traditional phone-based customer support requires customers to make long, frequent expensive international calls that would over time incur high cost on the customer. Instead, Marketiva customers can solve any support issue quickly, efficiently and in an affordable manner by using either the real-time Support chat channel or e-mail with around-the-clock response.

Highest Standards in Service and Security
We combine our market experience, expertise, and professionalism with the world’s best online trading software. Marketiva’s trading and margin lines with leading banks and counterparties ensure your trades will be automatically executed and with no slippage.
Marketiva ensures that traders experience the highest level of performance, reliability and security by taking advantage of professionally managed network operation centers with fully redundant server arrays and redundant internet connections. Our technical staff is committed to ensuring a maximum possible uptime for Marketiva’s service and 24-hour service accessibility. Unlike many online trading operations, trading platform used by Marketiva utilizes industry-standard encryption technology to ensure that all communication between our customers and our servers is completely protected and confidential.

Safety of Client Funds and Transaction Integration
Client funds held with Marketiva are maintained in separate accounts at triple A rated financial institutions for the sole purpose of the clients’ trading activity and are never commingled with operating capital of the company. Withdrawals from these bank accounts occur only as a direct result of clients’ trading activities or an authorized request for withdrawal.
To ensure the safety of client funds, Marketiva has created three independent components operating under an integrated system of trading, settlement and risk control. The Execution Component receives and executes the clients’ trading instructions; the Operations Component settles the transactions and transfers the funds; the Risk Control Component monitors transaction execution and the fund settlement process.
Marketiva utilizes transaction processing and integration services for both deposits and withdrawals, for purposes of getting one transaction stream and making the transaction processes faster, convenient and more efficient for customers.

Procedures for Prevention of Unlawful Activities
Marketiva is committed to assisting governments combat the threat from money laundering and terrorist financing activities around the world. For that purpose Marketiva has setup a highly sophisticated electronic system. This system documents and verifies client identification records, and tracks and maintains detailed records of all transactions. Marketiva carefully tracks suspicious and significant transaction activities, and reports such activities providing timely and comprehensive advice to law enforcement. To uphold the integrity of the reporting systems and provide protection to businesses, the legislative framework provides legal protections to providers of such advices. Marketiva is committed to regularly update its electronic system for inspection of suspicious transactions and for verification of client identification records, in accordance with any new regulations as they are promulgated, as well as providing training for its employees on enhancements to anti-money laundering procedures that may be required by new regulations.

Closer Look At Forex Trading Platforms

Today there is an abundant variety of forex trading platforms to choose from. Each platform is unique and each difference can play major role in your trading career. How to choose trading platform to fit your needs? Which platforms will ensure an easier transition to currency trader?

When searching for forex platform, it is important to realize that another major element is forex broker itself. Online forex brokers offer traders tools and services in order to ensure a successful trading via their platforms. All platforms share certain amount of similar features and trading tools, however some brokers go over the basic and provide much more powerful software options.

The important, basic features are:

1. Speed and quality – no delay and minimum amount of unexpected error messages.

2. Availability of all sorts of indicators.

3. Simultaneous use of multiple time-frame charts.

4. Free demo accounts for practice. Some brokers limit the use of practice account with the available amount of virtual money, others – with the time limitation (for example, 1 month only). There are couple of brokers that do offer unlimited demo accounts.

5. Historical data.

6. One-click orders, fast execution, stop/loss and other risk management options. Forex trading is fast and volatile business. There is no time for error, double clicks or delays!

7. Price feeds and latest fundamental, technical news. Some brokers send daily analysis via email. Some even offer sms alerts. It is important to have price feeds to be able to track the latest market prices.

8. Customer support – let’s not forget something crucial. Forex broker should provide professional and fast solutions to any technical issues related to the platform.
Apart from the basic features, every platform has special, unique add-ons and features. For example, some brokers may offer:

1. All kind of sneak-peek tools which show what other traders are trading.
2. Live chats with other traders or even forex mentors.
3. Free or paid trading courses and webinars.
4. Online or download platform – which one is better should be entirely your decision based on your needs and available time to trade. The advantage of online platform is that you can access your account via broker’s site from any computer with an internet connection. With a download version you are limited, however this is also debatable. After all, you can download the software and install it somewhere else.

On the other hand, it might be unsafe to store that kind of information on a computer which isn’t entirely yours. Today, internet-based platforms tend to provide secure highly encrypted transmissions. Your own computer, in comparison, is vulnerable not only to viruses and Trojans, but also hackers and other alternative security breaches.

Overall, when choosing forex broker and the trading platform, make sure to take it for a ride before you decide to stick to it by investing thousands in your trading account. Deposit small amounts and see whether you can get everything you need out of the platform.

Online Trading Platform – 12 Handy Hints To Get Maximum Benefit!

In earlier days, Forex trading was restricted to a few individuals only–those with plenty of money, and large companies and institutions. Other citizens could not take part, simply because they could not afford to! All that has changed today, thanks to the Internet. Educated or uneducated, rich or poor, ordinary or extraordinary–any one is welcome to the online trading platform!

One need not be surprised at how easily people are diverting to the Internet to fulfill all their needs! There are web sites and web sites, to cater to all demands! Newer innovations in software technology are coming up all the time. So there is plenty of hope for those individuals who wish to do business right from within the four walls of their homes, especially Forex trading!

Here are a few handy hints concerning how to use the online trading platform to one’s advantage–

(1) Any one who has a basic knowledge about the trading world can go in for Forex trading. The latest technologies have made it possible for people to work from home, be it man or woman. Also, they can work on their own time and from anywhere in the world.

(2) An online trading platform does not refer to some activity that can be done over the Internet. It actually refers to a station that has to be downloaded from a web site and installed on the computer.

(3) If it is a platform associated with Forex, the user obtains access to some features like–latest prices of various currencies, charting software for the purpose of technical analysis, etc.

(4) Now that the World Web has opened the gateway to an extra source of income (for some, an alternate source), many beginners sense a Forex world full of opportunities! The platform is available for 24 hours, and allows buying and selling of currencies.

(5) Seeing how the Internet has impacted people, quite a few brokerage firms are coming up with improved services. They are also improving upon accessibility to the online trading platform. The latest software used for trading purposes are getting to be more functional and efficient.

(6) There are some software packages that are offered with Forex online trading platforms. They prove useful for technical analysis of currencies.

(7) Some types of software provide charts that the investor or trader can draw on. All that is needed is a simple click of the mouse! Some of them come with indicators like Fibonacci levels, Bollinger bands and RSI. There are other indicators too.

(8) What the investor or trader has to ensure from his/her side is good Internet connectivity. It would be disastrous if essential data or information were to be lost simply because the Net was too slow to respond, or the connection broke down midway. In fact, the deal itself could be lost!

(9) This platform does not guarantee success all the way! True, there are plenty of benefits, one can trade from home, and so on! But, Forex trading is not without its risks, unless the investor or trader knows the name of the game! It would not be advisable to lose one’s life savings in the hope of expecting quick results!

(10) To lessen the risks, a reliable web-based trading software or desktop-based trading software would come in handy. They can be included with the platform.

The choice is left to the user. For those who stay at home and do not travel a lot, a desktop-based software would probably suffice. A web-based trading software is handy for travel, plus it offers more security.

(11) The provider of the Forex online trading platform has to update the ticker lines continually. Otherwise, the user will be denied access to the latest and up-to-date information or data required for making decisions regarding any trade.

(12) The investor or trader would be well advised not to take decisions regarding trade without the help of relevant data. Without the tools mentioned above, the Forex online trading platform will not really serve any purpose. Yes, hard work and patience are also good tools to have! After all, a person ventures into the trading business for the purpose of gains, not losses!

Article Source: http://EzineArticles.com/1084641

Online Trading Platforms and Their Uses

This article will detail the plethora of online trading platforms that are out there and some of the potential uses that end users and consumers can get out of them. The reader will have a better understanding of how to best utilize online trading platforms after reading this article.

To a new investor or trader, the great number of online trading platforms and their uses can be very intimidating. There are dozens of companies that offer their services, each one claiming to have better trade execution times or a better features package than the rest of the field. Meanwhile, a number of firms have come out with web trading that they claim are equal to proprietary trading and more convenient at the same time. Try not to believe all of the marketing hype though, the majority of online trading platforms are sufficient for the vast majority of investors.

Here are some of the potential uses you may find for an OT platform:

Up to the second news feeds and investor information resources. This is perhaps the greatest advantage to using an OT platform as opposed to a web trade platform. Because the larger brokers can afford to make deals with the larger business news firms, OT platforms have access to better news feeds than the average investor has access to. Through web news portals you can find articles penned by the major investor news bureaus, but you will not be able to find, for example, analyst reports, special ratings upgrades or downgrades, and business-level news. By using a broker with a good online trading platform, you will have access to the same news sources that the hedge funds and large fund managers have access to.

Quicker trade execution time. Many people do not think of this when they are considering OT platforms and their uses, but by far one of the most important aspects of using an OT platform is the difference in trade execution time. When you use a web trading platform as opposed to specialized software, your trades tend to take a few seconds longer or you may have to click through a few more screens. Savvy investors know that as little as a few seconds can be the difference between a large profit and a catastrophic loss.

More stability. In the race to improve OT platforms and their uses, the large trading firms have greatly increased the stability of their platforms. Most online trading platforms today have a better than 99.9% uptime regardless of your computer’s intrinsic stability. Compare this to web browsers which are prone to crashing, lag, and slowdowns, and you will see that it’s important to have a good online trading platform.

Charting tools. Modern online trading platforms allow you to modify and create investment charts on the fly. This is a relatively unheard of feature for individual and non-professional investors, but online trading platforms have been including these tools more and more often as of late.

Article Source: http://EzineArticles.com/3721277

Online Forex Trading Platform � What To Look For.

Online Forex Trading Platform � What to Look For.

So you have discovered the wonderful, vibrant world of Forex trading. Now you want to know how it all gets done. Do you move to New York or Hong Kong to be close to the market information or is there an online trading platform I can use from home?

Well, truth be told, you could move to one of those places, but it wouldn’t make you a better trader. It might make you a “local” trader, at best. The answer is an online trading platform and they are ALL different in features and “user friendliness”. Before you dive in head first, look for these aspects and features:

�Does the company offer a free trial period? Most reputable Forex companies will allow you to download the platform software at no charge and fund your account with “virtual money” to practice with. You should not be pressured to go live right away. Get to know the ins and outs first, then when you are comfortable, invest your own money and trade for real.

�Is the free trial period done in real time? This is critical so you can see precisely how you will do in a real time situation. Will you lose your shirt or will you make enough to buy that island you’ve dreamed of? The practice should be done using actual market values, ticks and indicators.

�What types of tools are offered? The crux of Forex trading is in the tools used. There are many different types of tools available to the trader. All of them are based on the tick of the currency pairing being evaluated. From bar graphs to line charts and everything in between, you can actually see the movement of a currency pairing by the minute, if you so desire.

�Terminology is also a key to success and any good online trading platform will define the terms used in plain English (or whatever language you prefer). Words like stochastics, PIPs, IRS points and leading indicators need to be understood to make smart, positive trades.

�Does the Forex company offer a strategy or strategies to it’s users? A strategy is as important as knowing what you’re doing. The better, more trustworthy online trading platforms will offer guidance to users in this area. A good strategy can make your Forex experience more enjoyable as well as profitable. Some examples would be swing trading, trending or forecasting futures.

�Be aware that investing money in Forex markets can be risky. Regardless of the situation, whatever strategy you employ, trading currencies ALWAYS involves a measure of risk. If the online trading platform company guarantees you a profit, look no further � run away. Reputable ones will warn you of the risks and allow you to choose to continue. That is what you want to look for.

Finally, when it is time to flip to a live account and trade for real, is the move a seamless one? This transition should be as seamless as possible so you don’t have a lot of downloading, installing and tweaking to do. All that should have been done during the free trial. In other words, the lessons you learned in practice should be able to be applied to your new live account.