Some platforms caters to Forex traders, who require a more complex analysis of the market, by offering a popular and reliable trading terminal, MetaTrader 4. The MT4 platform provides ultrafast connectivity to the foreign exchange market, and its technical analysis component is flexible and customizable, allowing users to select settings that suit their personal trading strategies.
Forex trading also involves additional types of orders, such as take-profit and stop-loss orders, as well as postponed and if-done orders, all of which are available on the MT4 platform.
The platforms that are very good almost always provides users with informative quotes and a watchlist for monitoring hot assets to trade. Algorithmic traders appreciate the ability to develop their own automated strategies and backtest them using historical data.