Started by PocketOption, Jan 29, 2023, 03:03 pm
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cTrader forex trading platform is a custom-built trading platform for use by ECN forex brokers, developed by cTrader Ltd. a London-based company. FxPro is one of the most prominent ECN forex brokers that offer the cTrader forex trading platform. The cTrader forex trading platform is Windows-compatible on Windows 7, 8, 10, and 11. The cTrader forex trading platform is built for speed and execution with no requotes except during volatile market periods when slippage of 0.1 - 0.3 pips is observed.
cTrader platform offers two main functions which are execution and charting. The cTrader forex trading platform is visually clean and user-friendly. There is a very short learning curve and traders can get familiar with the cTrader forex trading platform quite quickly.
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The cTrader charts use the same concept as that of the MT4 trading platform, which is the green bars over a black background, with the exception being that on the cTrader platform, the bid/ask price is also displayed.
The cTrader charts offer a selection of different time frames, from 1 minute through the monthly time frame. The charting tools are available on the right side of the platform and it’s easy to draw various trend lines, support & resistance lines, and so on.
The cTrader charts also come with a good collection of indicators such as Stochastics, Bollinger, and so on.
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In order to execute the trades, traders need to click on any pair on the left side of the trading platform which expands and enables traders to place an order. The orders can be placed with a single or double click and instantly executed as a market order.
However, for every trade, entry/stop loss and other such factors have to be placed as separate orders. The pending orders are displayed individually so it makes it easy for traders to track their orders. Other tabs include positions, orders, and deals thus making for an organized display.
cTrader platform also comes with a 'Favorites' tab where traders can add their preferred currency pairs to trade. The 'Favorites' tab makes it easy to place the order entry.
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