Forex trading – or trading one currency for another through a regulated marketplace - can be exciting and lucrative. But which online trading platform is the best to use to maximise the trading experience?
Like anything else in life, there is no “one size fits all” answer, meaning that there is no one solution that works best for every single individual today. That said, when the majority of users of a particular system indicate a high preference for the features, benefits, and subtle nuances of the platform, all of us need to pay attention. Forex is a trading arena that requires more than just intuition and a hunch about the next lucrative trade – rather, it mandates an effective and technologically-proficient software platform that can manage the dynamic currency marketplace. To help you make a more informed decision as to the best forex day trading systems online today, we have assembled a rank of the top six systems. Here they are, in no particular order:
- Forex Crescendo – Using a grid trading strategy that borders on being overly-complex, this platform offers a multitude of customisable settings and personalised features that combine to deliver a serious dose of insight into the currency market. Some users report gains of more than 10% per month using the software simply in its default setting mode. Andrea Salvatore, the creator of the Crescendo software, is committed to frequently updating the platform to enable long-term viability.
- Rover North – As the winner of a worldwide competition called the Surefire Trading Challenge, Rover North has some serious street-cred. That said, Rover’s mission is to enable automated trading strategies through detailed manuals, tools, and training aids that permit the user to virtually set it and forget it. This package is ideal for beginners as it uses a series of fixed mechanical rules that makes it easy for even novice users to complete trades.
- Forex Combo System – This package is simply defined as professional grade. This platform is a far cry from those basic, $99 products you’d expect to find online, but the by-product is a greater likelihood of consistent profits – even using the software’s built-in low risk settings. Combining three different trading strategies to deliver a diverse and multi-pronged attack, Forex Combo is formidable. The scalping system, trend following system, and counter trend system contribute to an overall intelligent system that can help most users, from novice to seasoned, to make considerable profits.
- Learn Forex Live – By combining over fifteen hours of training videos, custom indicators, one on one email support, and a variety of other support pieces, Learn Forex Live is so much more than Forex software. Instead, it is a powerful support system and training tool that can fully educate even the most novice of traders. It is designed to teach and to mould newcomers to the Forex market into formidable traders who can quickly earn profits. This is also an affordable choice for practically anyone who wants to learn all about trading currencies.
- 10-Minute Forex Wealth Builder – On the opposite end of the spectrum from the Learn Forex Live system is the 10-Minute Forex Wealth builder package. This is ideally suited to the casual trader who cannot commit too much time to both learning the Forex system and managing the daily activities related to currency trading. This isn’t an automated trading system, but it does teach a couple of key Forex trading strategies that can prove quite effective. Furthermore, because it isn’t automated you can use it with any broker.
- Tradable Proprietary System (One Financial Markets) – Instead of opting for an in-the-box solution for your Forex trading needs; consider partnering with a broker who can help you with a customised trading platform and personalised software to enable better management of your portfolio. As a first-of-its-kind platform, Tradable enables users to customise not only the look and feel of the platform, but also the entire feature-set. For instance, the user can include any third-party apps, news feeds, algo trading systems, and more, simply by browsing through the Tradable app store. This unique option enables serious data analysis and real-time news delivery to support better trades.
Profitable Forex day trading requires access to the absolute best in software and platform systems available today. The options listed above can help traders from novice to experienced – and they’re incredibly affordable when you consider the level of content that is contained within each box. For a more robust and tailored solution, though, you’ll likely want to select a proprietary system that can be customised to your needs and tastes. When it comes to keeping on top of pertinent information and managing daily currency trends, there simply is no better option.