November 12th, 9:26 pm by Brett Chatz 
Learning how to properly use a forex trading platform can greatly increase a trader?s success.? Well-designed trading software can enable investors to trade with ease and make consistent profits on their trades.? A variety of other important analysis and trading tools are included in these software packages which traders must learn in order to be successful.
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Practice on a Free Trading Software Platform
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First, traders should use a free software trading platform to familiarize themselves with trading platform functions and the forex market.? Traders will be able to learn how to use professional trading tools like charts on these platforms.? This will also allow traders to see how different currency pairs behave and what market conditions affect the value of these pairs.? Forex trading is different from stock trading in that it is not based on sets of fundamentals.? Forex trading is affected by intervention of central banks, money supply as well as a number of other factors that differ from stock trading ? this will inevitably affect the prices of currency pairs.
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Compare Trading Platforms
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Each forex trading platform is unique in its functionality and tools that it offers.? At eToro, traders use a social trading platform that allows investors to place their own trades while enabling them to copy the trades of the best investors in the social trading network.? There are also platforms that allow investors to trade all of the money that is in their account while others only allow a portion of those funds to be traded.? Some platforms also allow investors to trade currency derivatives and futures.? In addition, not every forex trading platform is user-friendly as some are made for advanced or professional traders.? New or inexperienced traders should focus on using a platform like the eToro WebTrader (image below) as it is designed to be intuitive and easy to use.
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Source: http://www.etoro.com/blog/forex-news/12112012/the-forex-trading-platform-handbook/
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