The trading platform is the trader’s main supporting tool to start the trading process. Usually, brokers offer a few options of platforms to choose from, but it can be complicated for beginners to make that choice. Today, you’ll know the best trading platforms for beginners.
There is a whole list of criteria you need to consider when choosing a trading platform. Some of the most important are:
- User-friendly interface
- Relevant indicators, charts, and other technical analysis tools
- High security
- Availability to work from different devices
In this article, we will introduce you to the 5 best trading platforms so that every newbie can pick out the one they want.
Best on the above criteria, the best trading platforms for beginners are:
- Metatrader 4
- Metatrader 5
- Metatrader 4
Developed in 2005, the MT4 is the best ‘’creation’’ of MetaQuotes. Despite the technological progress and updates on the markets, this trading platform doesn’t lose its relevance. Most forex traders prefer the classic option because trading with MT4 means trading with convenience and speed. The download MT4 for PC is possible as well as on other devices, so the range of charts, indicators, and other tools will be on your hand whether you want.
- Metatrader 5
The main difference between MT4 and MT5 is that in comparison to MT4, the latest version offers access to other financial markets besides forex, while MT4 was developed mainly for FX traders. The trading platform isn’t an updated version of its predecessor, but it offers more charts and timeframes to trade with. The built-in VPS and economic calendar can be very useful both for beginners and pros who decided to change their trading platform.
The third on our list is the platform cTrader.
CTrader is a revolutionary trading platform that offers traders everything they need to excel in any style of investment. It features STP technology, which allows users not just one but many different banks around the world and even offline through Straight Processing (ST). In addition, it provides educational tools like ChartCast and ChartShot so that users can learn from each other’s trades while taking advantage at their own pace.
This trading platform is known for being convenient and user-friendly, which are two reasons the beginners should take into account this platform when starting out in this industry. When you use DupliTrade, you’ll be able to copy the trading signals of other, more experienced traders on the platform. This is a great way to get started in the world of copy trading, as it can give you an idea of what strategies are working well and which ones to avoid.
The last trading platform we would like to introduce is NinjaTrader. It offers its users effective trading tools and allows them to execute trades rapidly and with minimum risks. Also, NinjaTrader has educational guidelines and videos every beginner can use to understand some trading subtleties. This is one more great option for beginners to trade.
The industry of trading may seem a little bit difficult and unclear sometimes, but trading with a reliable broker on a powerful trading platform will serve you as support and give you self-confidence in the process of carrying out profitable deals.
The list of the best trading platforms for beginners we have introduced may help you to make a choice easier. As a beginner, always make your own research, try demo versions and pick out the one that corresponds to your financial goals and requests.
Keep in mind that every difficulty is temporary and the sooner you started the sooner will achieve success.