Earning online with forex and especially online trading is becoming a very popular method on the web. Earnings through financial investments have become possible, but above all accessible to everyone, even to people less experienced in online trading, thanks to the use of appropriate forex trading software. In this short guide we are going to see what are the best programs to do forex trading.

Forex Trading Software: the advantages of using it

First, let’s clarify the concept of forex. In online trading, when we talk about forex (foreign exchange market) we mean an exchange of currencies. It is the largest financial market in the world. According to some analysis, online forex has a market worth 5.3 trillion dollars a day. Initially forex was only carried out by large financial institutions and central banks, but with the arrival of the internet this financial market has been totally changed, in fact now you can buy and sell currencies comfortably from home and especially by less experienced traders.

It is, in some respects, the most interesting financial market, as it is the most hectic and the most popular. As we have said before with the advent of the Internet and thanks to online financial intermediation platforms, forex has become accessible to anyone, and not only as it was in the past for large companies or banks. In simpler words, trading with forex in online trading buys one currency and sells another according to its value, with the aim of making a profit from that purchase or sale.

Currencies should always be traded in pairs such as Euro/Dollars or Dollars/Sterling. These currencies are often traded through an intermediary such as the different platforms on the Plus500 web today. One of the poundamental characteristics of online forex is that it is the only market without a head office, as all trades are made directly online via computer networks between traders.

Forex in itself already has particular advantages:

• No commission
• High liquidity
• Minimum initial capital
• Open market 24h

As we said in our introduction, it is possible to invest in the currency market through specific forex trading software. The main advantage of these tools is the fact that you do not have to “physically” attend a financial market, but any trader or potential investor can execute transactions at any time and comfortably from home with a simple PC or smartphone.

Online trading has grown exponentially in recent years. For this reason, software and platforms dedicated to financial investments, and therefore also to forex, are constantly improving. The strong point of the trading software is the virtual connection with millions of users between forex experts and fans, with whom you can exchange opinions and get advice on the best strategies to invest online so as to become real online forex experts thanks to the different opinions of other traders. Another advantage in using online trading software is security. In other words, every tool and service is created and made available to users who can use it in a simple way, in compliance with the various regulations that govern broker platforms.

Best trading software

Among the best forex trading software we find Metatrader4. It is one of the best software currently on the network. It is a tool that provides users with a whole series of indicators to perform and interpret graphical and technical analysis. The financial indicators represent particular tools to evaluate profitability. In the case of forex they refer to currency values. Many brokers use these software to make them available, in turn, to their users and therefore on their platform.

Currently the brokers that support the online forex software Metatrader4 are:

• Alpari
• FastBrokersFX
• Forex.com
• FXCM
• FXDD
• Interbank FX

At national level, one of the strong software dedicated to online trading is managed by Bancoposta. It is a service recommended especially for beginners, through which you can execute financial transactions such as ETFs, bonds, shares and covered warrants. Users who decide to use this service will be able to trade with more than 9,000 mainly British but also foreign instruments.