What are the main trading platforms for algorithmic trading
What is a trading platform or trading software
Those who are investing today in the markets increasingly choose independent business, which uses online trading platforms with higher levels of usability.
But what is an online trading platform?
When talking about trading platforms, we are basically listening to software that can connect a bank account to a market.
Needless to say, each online trading platform, as software produced by competing companies, has different characteristics from each other. However, the latest generation online trading software tend to progressively become more and more valuable, allowing traders to get detailed information giving you all the tools of technical analysis to make transactions anywhere and anytime and to raise your capital.
Algo Trading Software – What Is The Best Algorithmic Trading Software?...
Let's now look at a little more thoroughly about the issue of online trading platforms: The trading softwares are graphical interfaces that allow the user to operate. In some cases, online platforms are online trading softwares that traders can use just with a Browser (see TradeStation or Plus500) while others can be downloaded directly through the Internet, for example through online banking (see Metatrader 4 or Metatrader 5).
Algo Trading Platforms
In both cases however, online trading softwares are compatible with the major operating systems (Windows, Mac, Unix, Linux).
What are the best trading platforms for Algorithmic Trading
When choosing a Broker it is really important to know which trading platforms it offers.
Usually there are two main kind of trading with online Brokers: CFD/Futures or Binary Options.
I will not talk about binary options because they are the perfect example of betting, not trading. Brokers offering Futures/CFDs are plenty, but I think the best one is ActivTrades.
It has low spread Bid/Ask and good response time when operating with an algorithmic system and a quite goodhistorical series for backtesting. Let's now try to list the best trading platforms for retail usage according to some simple parameters