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How To Pick A Trading Platform That's Right for You

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What You Need To About How To Pick A Trading Platform.

Never traded before? Haven't a clue how it works? This is a simple, step by step guide on how you can expand your income, spend minimal time, and get good returns. If you're looking for sound advice on how to pick an appropriate trading platform, you've come to the right place.

What is a trading platform?

Let's start right at the beginning and explain what a trading platform actually is. It is the computer software through which you will be conducting your online trades. Imagine it as a platform that connects you to the trading market online, and most importantly, through the broker that provides it to you for free- that's us, ICM Capital. All you need is a good, reliable internet connection so that you can download and install the software. The software that you choose can be downloaded from our website. Simple as that.

What should I be trading?

What you should be trading depends on how much time you have and also how much money you have. If you're new to this, let's say you're an independent, single woman with a demanding day job, and you're looking to make some extra cash on the side but don't have a lot of time or money, a good place to start is forex trading (foreign exchange). The worldwide forex market is attractive to many traders because of its low account requirements- you need very little to get started.

Meta Trader 4

At ICM Capital we offer two trading platforms: Meta Trader 4 (MT4) and ICM Direct. MT4 is considered to be one of the most recognised and reliable online trading platforms available and certainly the most popular software for trading forex. It provides trading on tight prices not only for forex, but also for CFD Contracts on oil, silver and gold. It also comes with a complete technical analysis package so that you can become familiar with the charts and customise it to your liking. MT4 offers a multilingual interface with just about every language you can think of including Arabic and English. You also have the freedom to manage your account in whichever base currency you choose. Best of all, we offer a user guide (just go to the platforms tab on our website and you will find it under Meta Trader 4) which will literally walk with you step by step: from downloading the software, to opening your demo account, to placing orders and stop losses (limits to ensure you don't lose large amounts of capital should the market not go your way). The demo account allows you to begin trading with fake capital so that you can get a feel for how it works- you won't just get thrown in the deep end. Only once you are ready to progress onto the real stuff, can you do so, and it is completely up to you. What's more, you really don't need a lot of money to get started. The minimum deposit is just a measly $200. This may still sound scary, but it's so simple, we promise! This software is compatible with Android and iPhone as well as PC, Mac and most tablets, so you can trade from the comfort of your home, at work or on the go.

ICM Direct

ICM Direct is our award-winning Electronic Communications Networks (ECN) software which allows our clients to meet their trading requirements and business needs while gaining direct market access with no conflict of interest. This is an institutional trading platform which transforms the way financial organisations can access the global financial markets. Institutions of all sizes can access top tier liquidity sources through some of the fastest trading technology on the market. It is better suited for institutional clients, so if you are new to trading and embarking on an individual project to make more money on the side, then MT4 is going to fit your needs best.

You have our full support

At ICM Capital we truly care about your success and are here to offer you complete support and limitless resources. We have an award-winning customer service team available 24/7 to answer all queries and iron out any confusion you may have at any point in time. We offer support via telephone, email and live chat, so whatever works best for you is just fine with us.

Trading is not just for the big boys. Anyone can, and should, do it. With ICM Capital you've got no excuse not to. We offer the best online trading platform yet, with a user-friendly guide to get you started and limitless support as you go. What are you waiting for?

CFDs and Spot FX are leveraged products. Trading CFD's or Spot FX carries a high risk to your capital and can result in losses that exceed your deposits. Read More
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