Generally, while trading in foreign exchange, one of the best things that could happen to you is having an assistant who knows everything there is to know about the FX market and will be on call for you. This is what you get when you have a good Forex platform. In fact, this is the whole purpose of getting a Forex platform i.e. to help you with your investment decisions. Generally, it should be a part of the packages offered by brokerage firms or banks offering FX services. Today, there are many Forex platforms in the financial market. However, the following are some of the features of a good FX platform.
First, for any business to thrive, communication is a key aspect. There is no exception to FX trading. Thus, a good Forex platform should have an elaborate system of communication. This means incase of any problem, you should be able to call or connect directly with customer support personnel. There should be channels through which you can communicate e.g. email, or the system itself should be built to allow live chat communication. You need not to forget that FX trade is real time and thus in case of a problem you should be able to get help instantly.
The second quality of a good Forex platform is user friendliness. It should have an easy to use interface, and you should not spend too much time trying to learn how to use it in trading. A Forex platform should be simple. This means that it should not be complicated and as beginner, you should be in a position to understand how to use it. A good FX platform should also have room for improvement. There should be continuous development to keep in line with the most recent technology.
The essence of the foreign exchange market is to make profit. With this in mind, no FX platform should charge you any unnecessary fees or hidden charges. You should also be in a position to maneuver, execute your target rates in the market e.g. having variables like stop loss, with much ease.
