The following review written by one of the Software Informer contributors applies to version 3.0
FOREXTrader is the free application that can be used to manage your forex.com account.
Foreign exchange market is a currency market. Here, we can buy and sell foreign currencies. As the exchange rates are changing at a fast rate, we can make money by a careful selection of the currency to buy and sell.
It is more dynamic and liquid than a stock market.
This is a web application created with Microsoft .NET. So, the latest .net framework is a prerequisite. This program needs a good processor. The interface is great. We get all the data required to do our research to make correct decisions. We see a program with selected currency pairs along with their exchange rates. Buying and selling is really easy using the buttons. Exchange rates are automatically updated in each second of time. The bar graphs show the history.
The most important feature is that the website provides us with a virtual cash of 50 thousand US dollars with a 'practice' account. This is great for the newbies who can learn everything before investing real money. It is only valid for 30 days.
Forex trading is a profitable activity. But do not start trading without proper knowledge. Just like in the stock market, you can lose all your money.