Online Forex Trading Systems
Online forex trading systems give the trading signals on the web. Other major platforms for trading include email and software.
These trading systems generate buy and sell signals based on the rules that you either put to the system or that were supplied with the system.
Of the major platforms, email refers to the fact that the signals are delivered via email.
That also means that the rules for how the signals are generated before sending via email are usually not revealed to the buyer of the system (these are also known as a black-box systems).
Software packages that act as trading platforms in themselves or that interact with external trading platforms may be either black box systems or the rules may be fully published to the buyers.
As for the different types of web based trading systems, there are systems for day trading, swing trading, and trend following.
Available Online Forex Trading Systems
Some of the best places to look for online trading systems are the online brokerages.
These brokerages may have platforms that allow inputs of trading system data.
This way, you can fully customize the platform according to your trading strategy.
One such popular platform is the TradeStation.
TradeStation has two key benefits over most other trading platforms. For one, it uses proprietary EasyLanguage technology that lets you communicate custom trading ideas to your computer.
Then, you can back-test your trading ideas on up to 20 years of actual, intra-day market data.
The second key benefit of the system is that it can monitor the markets for you in real-time and seek market opportunities based on your strategies.
The TradeStation is designed to automatically generate your entry and exit orders and send them to the marketplace, which is the way most online trading systems work.
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