It goes without saying that traders all over the world rely on different programs and software to analyze, evaluate and predict the various shifts and trends in the market. The software chosen by the trader will determine how the trader trades in the market.

The majority of traders employs the use of tools such as indicators and charts to understand the markets better, so these tools need to be created by the best software in the market; they need to have features and functionalities to meet even the most demanding and savvy trader around.

The following are amongst the top 5 visual trading forex software available in the market:

Tick Trader. Equipped with Visual Algorithm Development, Simulation, Automated Trading, Combined Bars, Back Testing and Live Automated Trading, this software has become a favorite amongst traders. This software provides the trader with different technical analysis data in a visual format, facilitating interpretation.

VT Trader. Being a flagship project of Visual Trading Systems, this software enables the trader to trade directly on different visual charts. This platform is also known for its innovative and customized trading features along with various indicators that allow the trader to speculate and predict market movement. Owing to its amalgamation with the most powerful API, this software gives the traders the flexibility of visual charting. This software can easily be used by both novice and professional traders. Even different corporations involved in forex speculation can also use this platform to forecast the market.

Inside Viewer®. This software is based on insights, providing the trader with different types of data related to the forex market. There are three different insights that are presented by this platform, popularity of currency pairs, deal structure and deal direction. All these insights are related to the trading of different orders and open positions. The trader will receive real time data related to different trades and trends in the market in a visual format, which is easy to understand.

Forex Strategy Builder Professional. Inclusive of data sources, collections, user profiles, multiple strategies, real OOS generating and proper optimization, this platform facilitates trading for the trader. This platform is fast in loading real time data from the market. Traders are impressed with its user-friendly interface and easy navigation facility. The trader can predict the market trends and movements, with the help of visual representation.

FX Synergy. Specially designed by professional traders, FX Synergy is a great visual trade managing platform. Specifically designed for the MT4, this platform has all the functionality required by a trader needs manage and execute trades in the market. Special chart shots provide the trader with a visual representation of different trading data. Integrated news alerts also ensure that the trader is keeping track of all important economic news.

Selecting visual software for trading is not as difficult as you may think. A trader needs to first identify his needs and then choose a platform that most meets these needs. The platform selected needs to be tried and tested before trading real money.

It is always advisable that the trader is armed with knowledge and information about the software he is going to use before trading; as well as having some background knowledge of the FX markets.

admin 2015-03-06T13:15:59+00:00