Top 4 Forex Trading Platforms to be Used in 2019

Having the right trading platform can make all the difference in today's competitive currency markets. Forex trading is no field that will let traders off the hook so easy! To see victories, your approach has to be sharp and meticulous; and trading platforms help you with this. From analyzing markets to carrying out a trade to everything in between - a trading platform equips you with the means to do these activities in the best possible manner.

This 2019, you can up your trades with the best of trading platforms!
 

Top 4 Forex Trading Platforms to Choose in 2019

Top 4 Forex Trading Platforms in 2019

1) MetaTrader 4: A free-to-use Forex trading platform, the MT4 is known to be one of the best in the game today. It has become known to the extent where systems and strategies are constructed keeping the platform's efficiency in mind! This is available as software and an app, for traders to use from computers and phones. From indicators to expert advisors, you get to avail a plethora of features.
 

2) MetaTrader 5: As the name suggests, this is a version of MT4 with extra increments made. While this does come with a different, more adept set of facilities, traders still wish to stick to MT4. The latter's simple approach and an extensive array of facilities has made it hard to be replaced!
 

3) NinjaTrader: Predominantly a futures markets indicator, the NinjaTrader is widely used today in the field of Forex trading in Philippines. Considered to be superior to both MT4 and MT5, this platform comes equipped with a plethora of services for you to avail. The drawback of this tool, however, is that though free, certain upgrades are charged hefty prices!
 

4) cTrader: Compared to the other Forex trading platforms, this is new but has been quick to rise. With its extensive statistics provisions, you get to analyze markets in an incredibly effective manner. Additionally, cTrader allows you to create EAs and bots with ease. This is, once again, free of cost and has its own set of facilities you can avail from.
 

Several traders make the mistake of working on a platform without prior demoing or analysis of the same. Join with WesternFX today, and equip yourself with the best trading platform! Choose from a variety of the bests in the game, demo to your heart's content, and when you are ready to go real-time, our professionals will help you dominate Forex trading in Philippines! Call us now to know more.

How to Create Your Own Forex Trading Strategy in Philippines

Foreign exchange's most challenging aspect is plotting trade plans. Known worldwide for its volatility, Forex demands that traders equip themselves with adept strategies to see success. While there aren't any methods to guarantee success, with a well-planned approach, a steady rate of victory can be seen. A Forex trading strategy is most efficient when it covers all the aspects of a trade, right from the entry, to potential risks and exiting with the best outcome. 

Forex trading in the Philippines has become a domain of stifle competition today, and without a solid plan, making money is difficult.
 

Here are 4 proven steps to devise a strong Forex trading strategy:

Steps to Form your Own Forex Trading Strategy

1) Affirm Your Trading Approach: Before entering Forex, it is crucial to identify the type of trader you are, and which style suits you best. Foreign exchange provides you with a variety of currencies, timeframes and strategies to choose from. While some players are comfortable working in risky short-term environments, some prefer a relaxed long-term trade. Find out which bracket you belong in before starting off trading!
 

2) Keep the Trend in Mind: Profiting from a trade ultimately boils down to identifying the trend. Forex allows you to profit from both an uptrend as well as a downtrend. In currency markets, the trend is your best friend! With the right indicators in place, you can easily calculate the magnitude of a trend, its direction and amplify the effects of your Forex trading strategy. 
 

3) Include Risks in Your Plan: Several traders ignore the fact that their trades might go awry and losses can find their way in. Risks are a constant element in Forex and have to be accounted for at all times. When strategizing, keep potential risks and losses as a possible outcome. Draft your trading plan around the fact that risks are unavoidable!
 

4) Find the Perfect Entry and Exit: Entry and exit points are crucial to every trade. Without finding the best of each, you will only leave with mediocre outcomes. Employ sharp indicators to find out the best point of each trade before entering. Similarly, make sure you exit when there's no room for bigger profits, and the trade isn't crashing down.
 

Forex trading presents you with an indulging experience and one that is mighty rewarding. With a reliable strategy to power your approach, there's nothing keeping you from victory! Sign up with WesternFX today, and avail our world-class brokerage. Assisted by our experts, you will top the peaks of Forex trading in the Philippines!