It is now possible for small investors to trade, and hopefully profit, on the foreign exchange (forex) markets. The required tools for online currency forex trading will always include a retail forex platform. This may run on a PC, or on a mobile device such as a Blackberry. Trading in forex markets involves risk as well as opportunity and prospective traders should ensure that they are aware of how much risk they are accepting.
In recent years online forex broker companies have been set up by dealers who realized the opportunity to use the internet to create a community of retail forex traders. The speed of the Internet allows these brokers to service retail traders with the same instantaneous price and deal data which had earlier only been available to bank traders operating on private networks.
The retail trading platforms which have been developed and refined, allow private individuals with an internet connection to trade on a level playing field with professional interbank traders. There are a variety of retail trading platforms available, and different forex brokers may mandate the use of a specific platform. A flexible provider may offer several platforms to meet the needs of different groups of customers, including Windows PC platforms, web based platforms and platforms for mobile devices.
A Windows PC platform typically offers the widest variety of feature such as access to historical charts, but will of course have to be installed on the traders home or office PC, or laptop. A web based platform would allow the user to make trades from anywhere where he or she can access a computer with a web browser. This could of course include computers running other non-Windows operating systems such as Macs, and Linux systems.
Finally mobile based platforms will tend to have the least number of features, for example charting cannot practically be supported on small mobile screens. On the other hand the user of a mobile based retail trading platform can use almost any modern mobile device such as palm and pocket PC, Blackberry and Smartphones, to connect and make forex trades from any location covered by mobile phone networks.
Potential retail forex traders should be aware that forex trading involves substantial risk of loss and is not suitable for all investors. Investors should only invest risk capital which they can afford to lose without dramatically impacting their lifestyle. Reputable dealers will be regulated by the Commodity Futures Trading Commission (CFTC) and will be members of the National Futures Association. I am personally making more than 10%-20% a month consistently using a Forex professional automatic trading system that I found online which you can find out more about at my website link below.
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