subject: How to Choose The Best Forex Platform in Malaysia [print this page] How to Choose The Best Forex Platform in Malaysia
All men are made equal but when it comes to choosing the best forex trading platform to maximise your profits, things are a bit less equal.
In fact, the difference between forex trading platforms can be very large until it determines the outcome of your trades. So, it is essential that you as an informed forex trader choose your forex trading platform wisely.
In Malaysia, Forex trading through the Internet is not really new. Some discussions on Malaysia-based forums on trading with Forex online have been found on Google dating back to 2004. Of course Forex trading platform technology has become better and more advanced with features that didn't exists ten years ago.
How do you choose between forex trading platforms?
There is a simple rule of thumb. If the trading platform makes your life easier and provides accurate and updated information, then you are safe.
Nowadays, there are many ways to access the Internet. Besides using our computers, we can also connect using handphones, and other mobile devices. People are becoming more mobile when it comes to Internet connectivity. Even Forex trading can be done through your mobile phones! Now, does your forex trading platform support mobility?
There are many other features that can be used to select between forex platforms:
1. Does it provide technical analysis?
2. Does it provide advanced charting?
3. Does it come with a demo account?
4. Does the platform come with video tutorials to encourage learning?
5. Can the platform produce forex account statements?
6. Can deposits and withdrawals be conducted through the platform itself?
7. Can you chat online with the forex broker representative using the platform?
8. Does your platform provides guaranteed stops?
9. Does your platform provide data history?
Currently, the most widely used online forex trading platform is Metatrader 4. It is also used for CFD and futures trading.
Metatrader 4 is not exclusive to any particular forex broker. A wide range of forex brokers are providing brokarage services using Metatrader 4 as a platform.
However, there are other platforms besides Metatrader 4. For example trading using the web. Easy Forex is one company that provides a wide range of trading platforms to make sure the clients are satisfied. You can trade with them using Metatrader 4, using the web, using Blackberry orusing your iPhone. You can check out a review of Easy Forex here.
