Systems Review

Written by JS T. Alexander | 17 February 2010

Trading Systems Review
Part I of a Series

Disclaimer: The review stated are meant for informatonal purposes and does not in any way endorse or discredit the trading platforms being offered by the individual companies or broker-dealers in offering Foreign exchange services.

Award wining platforms are recognized by their unique features and applications but may or may not totally satisfy each and every induvidual trader or investor as each one has their own styles and likeness of the trading tools that are being in use.

IBFX   MT4   FXCM   FX Solutions Saxo  FXstreet  Interactive Data

The basic trading systems that are currently being used comes with the most popular technical tools ranging from the Relative strength Index (RSI), Oscillators, Moving Average Convergence / Divergence (MACD), and the Fibonacci just to name a few. The variance and flexibiltiy of time frames are incorporated to meet the traders / investors style of trading activity that best suits their objectives. May it be short-term to long-term trading in the market place, these technical tools are being applied to almost all financial related market place the likes of the foreign exchange, commodity futures and the stock markets.

Although, the most common in gauging a market's directional movement simply depends on the perception of the market participants regardless they be traders or investors in all levels. The perception or speculative analysis where prices would move higher is simply to buy the underlying asset and the opposite applies in the same process. Trading systems are merely a guide to one's decision specially when we talk about trading activities. Technical trading are almost one and the same when it comes to the trading platforms each broker-dealer offers. The success of trading in any market can not soley be dependent upon a trading plat form although admittedly it does help. As price parameters are established from historical data to current price fluctuations where speculation can be best understood from.

Unless one has encountered using several trading platforms, it would be best to understand that the ultimate trading decision still depends on the perception of any investors / trader for that matter. Newer softwares and algorithym formulated lately may have found some success but there will always have flows since it is not only a technically driven market place but the fundamental factors of economic reports and political issues surrounding them are more globally linked and in many ways affect a chain reaction to these financial instruments.

It is best to clearly understand a more logical approach in using these systems and how it serves the best for an investor. This review from some of the more prominent trading systems may and may not be totally complete however, have been randomly used to the effectiveness of the platform as a whole for the general investors specially in the Foreing Exchange Market. These trading platforms were used on actual trading ans ome others simply on their unique features which are claimed by the companies on their demo accounts.