FOREXTrader is the free application that can be used to manage your forex.com account.
Foreign exchange market is a currency 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.
Pros
- Advanced monitoring and realtime updates
- Quick buying and selling
Cons
- Program uses more processor time
How can I run practice platform in this software? Please help and guide me.
Good tool for beginners