Forex Trader Pro is a trading platform developed by the leading online broker, Forex.com. The platform is designed specifically for advanced traders who require sophisticated tools for analyzing the markets and executing trades. In this article, we will explore the features of the Forex Trader Pro platform and provide a guide on how to use it effectively.
Getting Started with Forex Trader Pro
To start trading on the Forex Trader Pro platform, you need to open an account with Forex.com. You can do this by visiting their website and clicking on the “Open an Account” button. You will be asked to provide some personal information, such as your name, email address, and phone number.
Once you have opened an account, you will need to download and install the Forex Trader Pro platform on your computer. The platform is available for Windows and Mac computers and can be downloaded from the Forex.com website.
Once you have installed the platform, you can log in using the username and password provided by Forex.com. The platform will then launch, and you will be presented with a range of tools and features to help you trade the markets.
The Forex Trader Pro Platform Features
The Forex Trader Pro platform is a comprehensive trading platform that provides advanced charting and analytical tools, as well as order management and execution features. Some of the key features of the platform include:
1. Advanced Charting – The platform provides a range of advanced charting tools, including customizable chart types, technical indicators, and drawing tools. Traders can also save their favorite chart layouts for easy access.
2. Market Analysis – The platform provides real-time market analysis, including news and market commentary, as well as economic calendars and trading signals.
3. Order Management – The platform provides a range of order management tools, including stop loss and take profit orders, as well as trailing stops and partial order fills.
4. Trading Execution – The platform provides fast and reliable trading execution, with low latency and high-speed connectivity to the markets.
Using the Forex Trader Pro Platform
To use the Forex Trader Pro platform effectively, you need to understand how to navigate the platform and use its various tools and features. Here are some tips on how to use the platform:
1. Customizing the Interface – The Forex Trader Pro platform is highly customizable, allowing you to tailor the interface to your specific needs. You can adjust the size and position of the various windows, as well as customize the charting tools and technical indicators.
2. Analyzing the Markets – To analyze the markets effectively, you need to use the advanced charting tools provided by the platform. You can use technical indicators such as moving averages, Bollinger Bands, and MACD to identify trends and potential trading opportunities.
3. Placing Trades – To place trades on the Forex Trader Pro platform, you need to use the order management tools. You can set stop loss and take profit orders to manage your risk, as well as use trailing stops to lock in profits.
4. Monitoring Your Trades – Once you have placed a trade, you can monitor its progress using the Trade Manager window. This window provides real-time updates on your open trades, including profit and loss, as well as margin requirements and account balances.
Conclusion
The Forex Trader Pro platform is a powerful trading platform designed for advanced traders who require sophisticated tools for analyzing the markets and executing trades. By understanding how to use the platform effectively, you can take advantage of its advanced charting and analytical tools, as well as its order management and execution features. With its fast and reliable trading execution, the Forex Trader Pro platform is a valuable tool for traders looking to succeed in the competitive world of forex trading.
