When you are trading, sooner or later you will have to choose a trading platform. The trading platform is very important to the process. It is impossible to trade without having it.
You should think about what type of trading strategy and instruments you want to use before choosing a trading platform. Once you know this, you can understand which platforms will work better for you, what indicators and signals you need, and whether or not you want to use certain features of the platform. If you want to start with the free credit after opening an account read about no deposit bonus forex Kenya to know how it works.
There are a lot of different platforms out there, and it can sometimes be hard to pick the best one. When you are choosing, think about factors like :
– How easy is the interface to use?
– Does the platform offer a demo account?
– Is the platform available on multiple channels?
– What kinds of trading tools does the platform have?
In this article, we are going to introduce you to top trading platforms for beginners to make your job easier. Let’s start with the list.
Metatrader 4
The most popular Forex trading platform is Metatrader 4. This trading platform has been going strong for 17 years and does not seem like it is about to give up any time soon. There are plenty of features that make it great not just among beginners but also for experienced traders who know what they are looking for in a service: versatility with simplicity?
Metatrader 5
Traders who want to trade both currency pairs, stocks, and other instruments will find Metatrader 5 an ideal platform. Important to mention that platform is not the developed version of MT4 – each was made for different purposes.
The main difference is that if MT4 was designed mainly for fx traders, MT5 offers you access to various financial markets including forex.
Here are some tools that the Metatrader 5 offers unlike Metatrader 4:
- unlimited charts availability
- built-in VPS
- the economic calendar
- more timeframes
NinjaTrader
The NinjaTrader platform offers a variety of features that make it one of the fastest and most convenient trading systems to use. With a clear interface, traders can quickly enter their trades with little risk while still receiving all information needed about how they are doing throughout each stage in the process from the beginning until the end result.
DupliTrade
DupliTrade is a copy trading platform that has found its place on our list for two reasons. First, it is user-friendly and convenient to use, which makes this the perfect choice for beginners. And the second thing is that it also has solid requirements when it comes to trading strategies – only experienced traders can become strategy providers on this platform.
Conclusion
So, there you have it – our list of top trading platforms for beginners! We hope this helps make your decision a little easier. If you are still not sure which platform is right for you, check the best trading platform in Kenya to get detailed information both about brokers and the trading platforms they offer.
Author
George is the Chief Market and Broker Analyst at brokertested.com. Prior to being recruited by brokertested.com, I served SVS Securities as Chief Market Analyst for two years. Earlier, he joined Morgan Stanley in Nov 2013 as Research Analyst.
George is a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
