April 13, 2011

In the past...

In the past, all of this communication was done mostly by phone but with the emergence of Internet technology, it is now possible to perform all of this back and forth communication automatically using software or web based applications. When using these applications, executing trades is very easy because all you have to do is click on buy/sell for that currency pair and your broker is notified immediately and the trade is therefore executed immediately too. All automatic!

These applications are known as Forex Trading platforms and each broker usually provides their own platforms that offer various other features besides the actual trading execution for the convenience of the user which is you the trader.

For this tutorial, we shall be using one of the most popular and reliable brokers in the business: Marketiva. The name of their trading platform is Streamster and it comes with several useful tools and features, a very easy to use interface plus a very friendly introductory offer for first timers that I have not been able to find elsewher.

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