BEST FOREX TRADING SOFTWARE

BEST FOREX TRADING SOFTWARE



FX, forex, foreign-exchange market, currency trading — whatever you choose to call it, this high-potential market is unique in more ways than one.To get more news about best forex trading software, you can visit wikifx.com official website.

As currency values constantly change, traders usually needed to watch these variations in order to hone in on a good trade. That is, until automated forex trading software came along. While major institutional investors were the 1st to implement and carry out algorithmic trading, the influx of automated forex trading software intended for the personal forex traders is now a rapidly growing market.
5 Best Forex Trading Software Options
While there are dozens of software options, these platforms are among the best that could potentially match your experience and the level of risk you’re willing to take.
1. FOREX
FOREX, Benzinga's top forex broker, tops this list due to its MetaTrader4 platform, education, tools and more. MetaTrader 4 specializes in the forex market and the implementation of automated trading and supports literally thousands of trading robots and technical indicators.

Its parent company, MetaQuotes, was a pioneer in the development of forex trading and charting platforms. While it is not itself an actual automated trading software, it boasts the widest selection of trading applications in the world, up to 1,700 different trading robots.
2. NinjaTrader
This trading platform is rich in resources for traders focused on both futures and forex. NinjaTrader includes 100+ technical indicators out of the box and automated trading options among the most robust in the industry.

The platform has a special community of resources available where you can explore indicators and strategies built by 3rd party developers.

These range from automated strategies for order executions, education and training as well as hundreds of indicators, signals and strategies to personalize your platform. User-developed apps built by the NinjaTrader community of 60,000+ traders are also available for free.
3. thinkorswim
If you know you’re interested in trying out algorithmic trading but the idea of choosing between dozens or even hundreds intimidates you, both TD Ameritrade and Interactive Brokers have garnered a strong reputation for in-house automatic trading features.

The thinkorswim platform operates under the parent company TD Ameritrade, an American veteran in the finance industry, and thinkorswim sits among the top brokers for currency pairs.

If you are interested in trading stocks, options, futures and forex, you can comfortably keep all your trades together under 1 concise account.
4. Interactive Brokers
Interactive Brokers offers a similar breadth of currency pairs as thinkorswim, with more than 100 to choose from. Interactive Brokers’ Scale Trader is a fully automated trading algorithm used for enhancing performance in scale trading on the Interactive Brokers platform. While it can be easily used for forex trades, it is also applicable to stocks, futures and more.

This is also true of Interactive Brokers' accumulate/distribute algorithm. The company offers a handful of different customizable automated trading systems to support the types of trades you make.
5. Zen Trading Strategies
From proven, prebuilt strategies and indicators to professional consulting for advanced traders who build their own trading scripts, Zen Trading Strategies offers services for algo traders of all skill levels. With free trials, tiered pricing options, and a wide variety of plans, this company aims to offer something that fits every budget and every trading style.

For algorithmic trading or any kind of high frequency trading, having a solid, backtested trading strategy, complete with entry and exit signals and a risk management framework, is key to success. Most traders spend years learning the markets and learning how to build trading scripts—and lose a bunch of money in the process—before finding one that works consistently.