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What To Look For In Forex Trading Software

MYFX Forex Trading Software

Forex traders make many important decisions prior to entering the Forex market. One of those decisions is which Forex trading platform do I use? It is important to select the right Forex trading platform for the right reasons.

When selecting a Forex trading softwareyou should look for ease of trade execution. Some of these features might include one click trading. The ability to close all positions with one click. Also a simple way to set your stop loss and take profit levels. Other features might include the ability to set your risk parameters on your trade execution.

Some other features Forex traders pay look for in a trading platform are things that have you not do too much math. The ability to see you risk in both the dollar amount and the percentage amount can be very helpful. It also may be quite helpful to the Forex trader to see you take profite and stoploss levels in pips as well.

Another feature many Forex traders are looking for our OCO or order cancels order. This basically means and if then order if a certain event happens then this order should either proceed or be canceled. This can be especially beneficial for traders that are trading certain levels and when those thresholds are crossed.

If your forex trading platform that allows you to forward to it to focus on trading and not worry about all these ancillary things this can be critical to your forex trading.

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Trading Forex and Derivatives carries a high level of risk, including the risk of losing substantially more than your initial investment. Also, you do not own or have any rights to the underlying assets. The effect of leverage is that both gains and losses are magnified. You should only trade if you can afford to carry these risks.

Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Financial Services Guide (NYSEARCA:FSG) and Product Disclosure Statements (NYSE:PDS) for these products are available from Core Liquidity Markets Pty Ltd to download at this website or here, and hard copies can be obtained by contacting the offices at the number above.

Please also note that your call may be recorded for training and monitoring purposes. Any advice provided to you on this website or by our representatives is general advice only, and does not take into account your objectives, financial situation or needs. You should therefore consider the appropriateness of our advice before making any decision about using our services. You should also consider our PDSs before making any decision about using our products or services.

Note that the information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer: Core Liquidity Markets refers to Core Liquidity Markets Pty Ltd. Core Liquidity Markets is an Australian firm registered with ASIC, ACN 164 994 049. Core Liquidity Markets is a Corporate Authorised Representative Number 443832 of GO Markets Pty Ltd AFSL 254963 the Authorizing Licensee and Principal.