Best Online Trading Software

October 7, 2020 by No Comments

Among the best trading software currently available for British clients there are three of them of absolute importance. The first is MetaTrader 4, the most famous and used professional trading software in the world, which can be downloaded for free from here. The second is Plus500 (login here for free), a more user-friendly platform. The third is eToro (log in here without depositing), the social trading platform that allows you to copy other experienced users automatically.

Would you like to try Metatrader? To download MetaTrader 4 for free you can subscribe to this regulated broker which offers access to all its clients. If so, we have also published a simple guide to MetaTrader. The broker itself offers a very easy to use webtrader.

Would you like to try Plus500? To access Plus500, a complete platform with very competitive and easy to use spreads, you can start from this official page or use the form below. In less than a minute you will already be on the platform with a demo account without depositing. We have also written a guide to get you started with Plus500.

Finally, as far as eToro is concerned, you can sign up from this official page and take advantage of our eToro guide to discover all the main features, including copy trading.

What is a trading software

If you are a beginner and you are here to receive information as well, here you are.

Trading software is a program with which you can execute orders in the market via the broker you are trading with. It is therefore a software that allows the trader to place orders with the broker.

For example, once you have selected an asset (e.g. Juventus shares) and set the amount to invest, you can place an order with the following parameters:

  • Order type: up or down, i.e. buy or sell (long or short)
  • Stop Loss: an order that automatically closes a loss-making position
  • Take Profit: an order that automatically captures a profit once reached
  • Pre-orders: closed market orders

Trade with real-time charts

One of the main features of trading programs is real-time trading. Both the prices of the instruments, and the relative diagram to them, are in real time in order to give way to the user to have an eye on the market and to act accordingly. The data in real time allow instantaneous decisions to be made, based on price movements and indications provided by technical indicators.

We recommend the choice based on experience and objectives. Apart from this, feel free to choose as you wish.

Platforms or software

The difference between trading platform and trading software lies in the fact that the former generally means a virtual trading environment that can be used by a browser without downloading or installing anything.

If you are looking for a trading platform that is easy to use even for those who have never traded before, we recommend that you consider the Plus500 platform.

A clear, intuitive design, with thousands of tools to trade on, appreciable by both beginners and experienced traders, thanks to the possibility of applying numerous technical indicators with a simple click.

In the Plus500 guide we have published you will find all the step-by-step instructions to start trading, even in free demo mode. Although the guide covers cryptocurrency trading, you can use the exact same instructions to trade equities, foreign exchange (Forex), commodities, stock indices, ETFs and more.

Among the best professional trading software, i.e. suitable for the most experienced, there is certainly MetaTrader 4.

This software is suitable for those who want to create their own technical indicators and want to execute them on the same platform. It is also suitable for those who have a full mastery of technical analysis and order-related mechanisms.

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