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FOREX Trading Platform Checklist

By: , dated April 17th, 2013

The checklist below will assist you in your evaluation of trading platforms. Use it in conjunction with the Broker Checklist in Selecting a FOREX Broker. See Figure below. This is downloadable as an Excel spreadsheet from www.goodmanworks.com.

FOREX Trading Platform Checklist

FOREX Trading Platform Checklist

Tip: Your personal preferences also count! You will spend a great deal of time in front of the trading platform; be comfortable with it, and enjoying looking at it and using it.

All of these platforms are great fun to explore. But keep focused on your current requirements and where you anticipate you will be in one or two years. Switching platforms is certainly possible—I have done it twice in 10 years. But that is not fun. Beginning with a well-thought-out list of your needs and a thorough due diligence of several candidates, a trading platform selection should serve you well for many years.

"Adapted from Getting Started in Currency Trading.
Copyright 2012 by Michael Duane Archer. All rights reserved. John Wiley & Sons, Inc."
Content provided here under exclusive license
Michael Duane Archer has been an active futures and FOREX trader for more than 35 years. He has worked in various advisory capacities, notably as a commodity trading advisor, registered SEC investment advisor, and branch manager for Heinold of Hawaii. He currently trades FOREX and futures and is involved in several technical analysis research projects.

Copyrighted 2014. Content published with author's permission.

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