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Forex.com ForexTrader Pro review
The ForexTrader Pro platform is a web based program that is fully customizable and designed specifically for trading forex assets. This platform offers a wide array of valuable trading tools that include signals, advanced charting package, pattern recognition software, free market research, free educational resources, Expert Advisors (EAs) and 24/7 quality customer support services. The firm also offers trading apps for all major mobile operating systems and its software is compatible with all types of PCs, Macs and mobile browsers that enable internet access.
For more information about the Forex.com ForexTrader Pro platform, please refer to the section below entitled Forex.com ForexTrader Pro Options and Features.
Forex.com ForexTrader Pro Options and Features
After logging into their Forex.com trading accounts using ForexTrader Pro, investors will see a Trading Panel that is the main way to buy and sell pairs of currency on the trading platform. By default, 16 currencies appear but additional pairs can be added by right clicking on the gray background and then checking which currency pairs you’re interested in trading.
The charting panel on ForexTrader Pro provides investors with charts and technical indicators for any pair of currencies and for any time period. Additional technical indicators and tools are available on the platform and appear on the left side of the charting panel section.
This section provides traders with the latest news from the Forex Insider’s news feed, as well as other sources that include the Dow Jones Newswire. A full economic calendar is available for traders that includes macroeconomic events and forecasts to determine the significance of various readings.
This section provides traders with the current market prices for major currency pairs and includes customizable watch lists to track desirable currency pairs, as well as asset prices in other popularly traded financial markets.
Clicking on any of the options featured in Trading Ideas will bring up a window that contains information about chart patterns, as well as confidence and price levels. The chart patterns are identified by Autochartist at various stages during their development and include emerging and completed ideas for consideration of investors.
Main Menu and Shortcut Bars
Investors who are new to the trading platform should familiarize themselves with the drop down Main menu that includes File, Edit, Order, Research, Reports, Tools, Window and Help options. the most valuable tools are the Order menu drop down option of “Enter Order,” where traders can manually enter an order without the use of any other tools. The Research and Reports menus also contain valuable tools for trading, including pivot points, daily price levels and a Realized P&L option that shows traders profits and losses over a certain period of time.
The Shortcuts Bar also contains valuable trading tools specifically designed to provide important features and options to traders quickly through the use of important buttons that include Plus Icon (+) for quick and easy order entry, Calculator Icon that can determine pip value using required bid rates, margin, leverage and trade size. The Report Icon enables traders to quickly summarize account values using P&L, interest, deposits, fees, rollover and balances. The Dollar Icon gives traders a really quick way to deposit or withdraw funds from trading accounts.
Several additional features are available for the ForexTrader Pro platform, but these additional options are only available on the downloadable Microsoft Windows version of the trading platform.
The most important of these additional options is the Strategy Center that allows forex investors to create customized trading strategies that can be applied to various currencies for the purpose of generating buy and sell signals, and provides a variety of technical indicators.
ForexTrader Pro uses drag and drop techniques to avoid the necessity of traders having to learn and write any lines of code, which is typical of other forex trading platforms, like MT4’s MQL programming language.
Forex.com ForexTrader Pro review
At the end of this Forex.com ForexTrader Pro review if it helps you then help our team by share it please.