When we refer to forex software in most cases we refer to the forex trading terminal which is offered from trading-point.com free of charge to customers in both demo and real money trading mode in order to be able to reach out to the forex market from their computer and execute trades online without any dealer intervention. The worldwide forex scene offers a variety of forex software which varies in functionality, offerings and ease of use according to the expertise that a trader might posses and of course based on the needs of each trader and the extent to which he is planning to diversify when trading forex online.
Over time more and more variation of different forex software programs have been built by forex brokers and software firms but as the forex market has proved to be extremely dynamic the majority of forex software trading terminals have proved to be incapable of following in the trend of the dynamic nature of the forex market as forex trading today does not only involve currency trading as it did during its conception but today offers gold and silver trading, stock trading, equities trading and commodity trading in the same exact manner it caters its click to trade features to the currency market.
The dynamic nature explained above in addition to the fact that beginner traders require a certain element of training before they can trade forex on any particular type of forex trading software plus the major availability of forex trading software for automated trading called expert advisors and forex robot systems not compatible with proprietor forex trading software programs have contributed a detrimental role in more and more forex brokers migrating or replacing their forex trading software programs to an independent and specialized solution well known today as the Metatrader designed and developed by Metaquotes.
The MT4 is adopted by some of the leading forex brokers in the interbank exchange as it is an award winning platform known for its ease of use, its sharp features and its major functionality. At trading-point.com we adopt the most stable version of the Metatrader forex trading software called the MT4 which any new customer can download directly from the website after they have registered a demo or real trading account with us.
More experienced traders very often program or hire programmers to adjust a trading pattern to automated forex trading software programs which are available to both purchase and build yourself based on a core product. These automated forex trading programs are in their majority programmed in MQL4 language which is quite similar to C++ and is fully compatible with the MT4 forex trading software. As an account holder at trading-point.com you will have the ability to use the vast majority of forex robots and forex automated trading software in both your real account and your demo account for reasons of practice and simulation.
As the Metatrader is a highly respectable and widely accepted forex trading software program once you have issued an account with trading-point.com you will realize that the trading community has an open source forum in which they exchange views and tips in regards to how to use the MT4 and how to make best usage of the automated forex trading systems available for the Metatrader itself. These are major benefits towards the MT4 in contrast to other less popular trading programs which might have a lower circulation and a lower rate of acceptance from traders and therefore have a lower number of added benefits to traders themselves.
As far as determining which is the best forex software to use either for trading or automated trading as traders ourselves we can’t really make a solid statement in regards to that matter as each trader has a different perception and each and every traders views forex trading with a very different angle and therefore each trader might have a different view of what works best for him. What we can make a solid statement about is that the forex software we use is an award winning trading platform adopted by 90% of forex brokers online including some of the biggest banking institutions offering retail forex services.