Forex Tools and Computer Requirements

If you have just recently encountered Forex as one of the best online investment that could provide you huge profit in return then there are a few requirements that you need to know about regarding the tools that are to be used and the capability of your computer.

Let’s start with the discussion about the software tools.

After you have found a reliable FX Broker they are going to provide you their Deal Station software. This is also known as the “Trade Station” or “Trading Terminal”

The use of this software allows you to have an access with the currency pairs and place your trades. 

Other details are also provided such as the Dealing Rates, Open Trades, Entry Orders, Account Balance, News and etc… The more information that they could provide means the better.

Most Deal Stations offers you the charting platform and the most popular among them is the Meta Trader 4 or more commonly known as the “MT4” for short. 

You can download this Trading Terminal for free and it is popularly shared on most Forex related websites.

The Charting Platform of your Trade Station should consist of various sets of technical indicator tools and provides you multiple different time frames. 

The most common time frames used are the 1, 5, 10, 15, 30, minutes, 1 hour, 4 hour, Daily, Weekly and Monthly. 

Take note that some traders will only use a certain range of time frames to base their analysis and speculations.

The Computer Requirements

You won’t be able to perform your trading activity if you do not have your own personal computer and it is a must requirement. 

Anyway, your computer should be fast with a processor of Pentium 3 or higher. Lower than what is mentioned here will still allow you to install and use the Trading Terminal but you will be experiencing lags and delays on placing your trades.

The minimum required RAM should be 256 Mb but there are still some instances where your computer goes slow and these are due to some malicious files that might have infected the system. 

Therefore, it is recommended to increase your computer’s RAM to avoid such problem.

Having huge or dual type of monitor screen is just optional where an ordinary type works just fine. 

However, the use of huge screen or dual monitors provides you an additional advantage on trying to keep an eye on your multiple charts.

Fast internet connection is also recommended where you have to subscribe on those Broadband or ADSL services. 

Dial-up connections might also be good but there are some situations where the connection goes unstable.

You should only use those Windows Operating systems such as the Windows 2000, XP, 7 and etc… because most of the software offered only works on this OS.

Moreover, if you have not yet found any Forex broker that you wish to invest your capital then there are a few important things that you should need to consider. 

Honesty and Reliability are the two most important factors that you need to know about. The forums and blogs are the good places to check the reputation of the Broker that you intend to join. 

Try and ask those individuals who are using their services whether they are fully satisfied or disappointed.

Meta Trader Email
Meta Trader Email Settings

The Security of your information must not be shared from any third parties of your Broker. 

If they do, you will be surprised to receive an email-spam and you might even receive anonymous calls offering you their products.

Accurate Order Execution is very important because every pips count. You can check the accuracy of any broker’s Order Execution with their Demo or Virtual Account.

Marketiva Platform Review

Most forex traders are already aware about the existence of Marketiva where it offers attractive features and services. 

You can even start trading the market for free by simply registering an account. Take note that creating multiple accounts is strictly prohibited and it must be avoided.

One of the best features of Marketiva is their Customer Support that actively answers all related concerns and issues about their trading platform. 

You can contact them through the Chat-Box where you will receive an immediate reply. Some delay can be experienced if there are too many inquiries but this rarely happens.

The bonus for successfully creating an account is worth $5 dollars

They might change this amount to increase more traders’ interest to join but I think that this will never going to happen as they already accumulated huge numbers of traders. 

You can freely use your bonus to trade Live but you are not allowed to withdraw this cash unless you have managed to triple the amount.

Other requirements before you are allowed to withdraw your earnings are scanned copy of your valid ID (Identification Card) and any Proof of Billing containing your name and current address. 

You have to send these documents for confirmation on Marketiva’s official website under the Account Center. It might take a few days before your documents are checked but normally it takes around two to three days period.

Marketiva’s platform is known as the “Streamster”

Its file size is 524 KB where it simply takes slight seconds to be downloaded. After completing the download, you have to install the program on your Operating System. 

Take note that Streamster will only work on Windows 98/ XP/ ME/ 2000/ 7 and Vista. To all MAC or Linux users, it’s too sad to that they are not currently support.

The trading platform offers two types of an account which are the Demo and Real Account. The Demo account provides you a default amount of $10,000 dollars that you can use for practice purposes. 

If you have lost this entire amount then you can contact the service support to reset the amount. The Real account contains your investment or deposited money. Your $5 dollar bonus is automatically added on this account.

Meta Trader Virtual Account
Meta Trader Virtual Account

Streamster currently supports 20 different currencies with spreads that ranges from 2 and above. There might be changes on this part as they conduct upgrades to further improve their services.

Gaining profit on trading the Forex market can be easily done provided that you have good knowledge and strategy. 

This will allow you to withdraw your profit or simply re-invest to increase your capital. Anyway, you can withdraw your earnings on Marketiva through e-dinar, Liberty Reserve, Web Money and Wire Transfer.