Since the advent of Bitcoin and the decentralized blockchain system, a new business model called trading has emerged. Trading platforms allow investors to operate within the stock markets, and to do so they only need an electronic device and the Internet.
These platforms are softwares that have tools to analyze the market and to observe the prices of digital assets. There the trader will be able to invest capital, open positions, stay in and close positions. The platform operator is known as trader.
There are several platforms that offer different services, but they all seek the same goal. Some trading platforms have tools that are more difficult to handle and allow the use of other instruments. We will now introduce you to the main platforms available:
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XStation 5
This trading platform belongs to XTB broker and offers speed and versatility to users. It is a tool that features a user-friendly interface and can be used by experienced traders or beginners.
XStation 5 has several tools for technical analysis and has elements such as:
- Trading calculator: the calculator allows you to obtain the profit or loss that you will have when making a trade.
- Chat for traders.
- Closing orders displayed in blocks.
- Performance statistics.
- Stock analysis module.
The platform can be downloaded and used on computers and for mobile devices. Available on Google Play Store and App Store.
Meta Trader
It is a popular trading platform and offers its license to many online brokers. The software offers dynamism and an important benefit which is the depth of analysis. The platform is developed by MetaQuotes Software Corp. and allows users to trade on the cryptocurrency market and through contracts for difference.
Some of the benefits of Meta Trader are:
- Full catalog of indicators.
- Professional charting package.
- Ability to import custom indicators.
- Automatic trading system.
- It is available for various operating systems such as Windows, Android and iOS.
The automatic trading system offers the possibility of opening and closing positions automatically, where the trader must set the variables previously. Finally, the programming language of the software is simple so any computer developer will be able to customize the platform.
Ctrader
This trading platform is developed by Spotware Systems Ltd and allows working with NDD brokers with ECN/STP execution. The software is quite complete and is available in 14 languages and has a powerful charting system. It also offers all the indicators you need for comprehensive technical analysis.
When you place an order the process will be done immediately and the latency of the same is very small. On the other hand, it is a platform used by experienced traders and offers the opportunity to switch between multiple accounts.
The platform is available for Android, iOS mobile devices and for computers. So, for each operating system it has a downloadable version available.
ProRealTime
This platform allows market analysis from its website and you will not have to download any application. It has been created and developed by IT-Finance and works with Java technology.
Its graphic system is one of the most complete in terms of trader and would allow to work on different networks such as the Bitcoin network. It has more than 100 indicators for technical analysis and you can use custom indicators.
It has incorporated a new tool known as ProRealTrend that draws trend lines automatically and the charts are updated every 5 minutes. In addition, the platform incorporates an automatic trading system known as ProOrder.
The full version can be purchased for a monthly payment or a subscription ranging from 6 months to 1 year.
Visual Chart
This tool specializes in market analysis and has an advanced charting system. It has tools to make drawings inside the charts, more than 200 indicators and allows representations such as:
- Japanese candlesticks.
- Linear chart.
- Bar chart.
- Filled histogram.
- Point and figure.
- Three line back.
The platform has a more complex user interface and is intended for professional traders. However, in order to use it, a monthly subscription fee is required.
Other Trading Platforms
Completing the list of trading platforms, we bring you other software that offer a great service and are perhaps less known:
- MetaStock
- NinjaTrader
- Sirix WebTrader
- EToro
You will see that there is a great variety of platforms designed to operate within the financial markets and you will have to choose the software that suits your needs and that you adapt to it. Trading is another form of online business that allows you to make money on the Internet.
