When you decide to join a broker and choose Forex as your trading tool, the broker will provide you with a trading platform。A trading platform is software for trading, including opening, closing and managing market positions through financial intermediaries such as brokers.。How to choose the most suitable platform?？There are several ways。

Before choosing a platform, make sure that the platform has at least the following:

◇ Response speed: If the response speed is not fast enough, you may encounter slippage or re-quotation

Stability: can not often lag, freeze or collapse phenomenon

User-friendly: The platform must be sufficient to allow you to close your position quickly

Analysis tools: help you better trade analysis

Security: If you are not secure enough, you may encounter fraud, money laundering or even worse

To ensure clarity and prevent making wrong choices, you can read the following explanation。

1.Ensure a sensitive response

To start Forex trading, you should observe an important aspect of the trading platform, which is the speed of response。This is very critical because due to the high volatility of the Forex market, it will affect how your orders are executed。

For example, a trader places a stop loss order, but due to high volatility, the order cannot be placed at the desired value。Therefore, even if sometimes the trader does not notice, the order is placed on the next possible value。The problem is that if you trade on a slower-reacting trading platform, this will affect your order。It will make your trading plan go down the drain because your trading platform does not execute fast enough, resulting in unfortunate situations such as slippage or even re-quotation。

2.Make sure it works well

Response speed is not the only technical issue to be aware of in trading platforms。It is necessary to ensure that the platform works well and does not crash or freeze frequently。You can imagine how annoying it would be if you missed an important moment in trading because the trading platform crashed。Basically, brokers offer both MetaTrader 4 and MetaTrader 5。

If you plan to trade frequently, or even become a full-time trader, you need a stable platform that will never or rarely crash。But if you're a passive conservative trader and don't always keep an eye on chart movements, you need a more flexible platform。

3.Ensure ease of use

Brokers may offer you some trading platform options。Choose one of the easiest to use.。Yes, trading platforms should be user friendly, which means you can place an order or close a position quickly。It does not confuse you with how to use certain tools, how to view charts of a pair of currencies, etc.。

A user-friendly trading platform will help you reduce the stress of your daily trading activities。So make sure that the category describes your trading platform。

4.Make sure you have the analysis tools you need

There are many things you need to consider before making a trading decision。Such as the economic news of a certain country, the conversations you read in online forums, or even the voices in your own head。

At this point, you need some analysis tools to perform technical analysis based on chart morphology。Without the help of analytical tools, it is very difficult to continue to make a profit, just like trading with your eyes closed.。So you need to make sure your trading platform has analytics tools that you can use easily。Brokers such as HF Markets, Forex4you, Admiral Markets, OANDA are popular in offering advanced tools。

Broker platforms should have at least some of the following analytical tools:

Forex calendar, Forex real-time news, technical analysis (including various indicators), market heat map, market sentiment, Forex correlation matrix, trading terminal, one-click trading, backtesting function

5.Ensure safety

Your data on the trading platform is very confidential, so you need to consider security issues。Of course, you do not want to trade your personal data or other confidential information related to your deposit。Check the platform for data encryption, which will tell you how your data will be protected。

Popular trading platforms often use firewalls at the server and application level。These platforms also have two separate sync servers to ensure that customer data is restored from one server to another。However, it is worth noting that despite the many security measures taken by the platform and / or broker system, there is still the possibility that the data of a forex broker can be stolen by hackers.。In this case, the way the broker recovers from such an event will prove its quality。

In addition, ensuring that platform providers are regulated by official foreign exchange regulators。A foreign exchange regulator is a government agency or autonomous body responsible for ensuring that law and order are observed by trading providers and providing protection guarantees for traders.。As we all know, every forex broker as a platform provider must have relevant regulations, which is a sign of the legitimacy and credibility of the brokerage company。

So here are five things you need to be aware of on the trading platform。If you feel that the current platform is not good enough to use and your trading activities are blocked, please don't doubt to replace it。