First we have to mention the meaning of trading platforms. It is considered as a computer software program which allow you to place orders for financial products on a network with a financial intermediary. And there are two ways to trade, one is by communication network with a financial intermediary, and the other one is directly between the participants of the trading platform.
Trading platforms include important and essential products like stocks, bonds, currencies, commodities, derivatives and others, which provide it with a financial intermediary like brokers, market makers, Investment banks or stock exchanges. Trading platforms also make it possible for electronic trading to be carried out by users from all over the world, who are in contrast to traditional floor trading and using open outcry and telephone based trading.
There is another advantage of using Electronic trading platforms that it allows the users to trade and provide additional trading tools, for example charting packages, news feeds and account management functions. That’s because it provides live market prices.
Moreover, some platforms are designed to make it possible for users to gain access to financial markets, which can be accessed by specialist trading firms. It also have been designed to trade specific strategies that are based on technical analysis. And users can also do high frequency trading.
Best Online Trading Platforms
If you are an active trader, then you are doing your best to beat the market. Of course you also want in a brokerage to have a low costs, premium research, innovative strategy tools and a comprehensive trading platform. So we collect some of the best online brokers that provide a variety of categories to choose from them what proper ti your personal priorities.
More important is some Pattern day traders such as SEC, require to have at least $25,000 in your account and to be approved for margin trading. But it don’t care if the broker’s account minimum is lower. Beside if you can’t reach account minimum you can check the online trading platforms that have been mentioned above.
Best Trading Platforms for Beginners
If you are a new trader and are looking for a simple way to trade with and an easy learning curve, so we recommend you to use E*Trade and TD Ameritrade.
E*Trade is a learning center to guide new traders to the trading basics by providing a huge number of videos, articles, and webinars. E*Trade also allows you to keep up with investing news, reports, and commentary from their team of market analysts. Moreover, Branch appointments are free to book, and online chat tools. You can be guided from all over the word regardless to your location by 24-hour hotline.
TD Ameritrade is designed for two types of investors. It’s the best choice for beginner and any trader who want a simplified, educational interface to be guided to the trading basics and know potential strategies.