A 10-Point Plan for Platforms (Without Being Overwhelmed)

What Makes a Good Trading Platform? There is a variety of trading platforms available to business and individuals. Some platforms are great and a pleasure to use while others will make you want to tear your own hair out. The quality of these platforms ranges from awful to excellent. A platform’s quality is related to its data feeds quality. For this article we are going to assume that all trading platforms are adequate so we can take this out of the conversation. A good trading platform will have a good set of charting tools. You will need an active chart to make sure you can draw pivot points, trend lines and a lot of other techniques used in the trading world. Creating trend lines and other trading symbols should be pretty easy to accomplish and you should do so without a lot of thought. It should not take a physics degree to facilitate these symbols. After all, the trading price should be the primary focus of the chart, not how to create the chart itself. A quality platform should be easy to set up and read. It should not take a two hundred page manual to explain how you should set up and operate your software. The charts need to be presented clearly and the index should be prominent. If a platform is difficult to set up or takes daily maintenance it will ultimately waste trading time which will cost you money. Good platforms will let you save your settings so you can pick up where you left off the day before.
Finding Parallels Between Finances and Life
Good Platforms will have a complete set of indicators and oscillators. It will be annoying if a platform does not have the indicators you wish to use or at least let you install them. Low end platforms might only offer five or six functions. While good platforms will have a lot of indicators and will also let you adjust different variables like time periods. Again these indicators should not require a lot of time or learning to use.
Finding Parallels Between Finances and Life
A high quality trading platform will let you set up contracts you intend to trade and will also let you set up targets and stop loss limits. Like the other functions we discussed, this should take little time and effort to accomplish. These platforms will let you scale out of trades when you reach a profit point. You will have no worse feeling if your trading platform fails when you are trying to make trades. There is no excuse for this to happen at any time. The trading platform will be the basis of your profession, so it needs to work like it.