Forex Trading Software for the Top Traders

Any Forex software review will tell you that the eToro platform is designed to accommodate beginner traders. While this is true, our platform still has a lot to offer to seasoned traders looking for professionalism, accuracy and advanced tools in their online Forex software.

The eToro advantages for the best traders are numerous and unique. Aside from our excellent online trade execution capacities, we offer many standard and original trading features that are integrated in a number of user friendly interfaces, making them easy to use and enabling you to focus on your trading activity. Let’s take a closer look at some of these features.

Advanced Charting Software

The eToro charting software package combines the best chart indicators for simple Forex trend analysis. As you probably know, trend spotting is the single most important element in currency trading. However, most traders don’t make the effort to develop their own trading system, or don’t take the time to do the mathematical analysis of the charts.

eToro’s free charting software gives you a system of automated chart indicators that will do most of the work for you. Instead of drawing your own trend lines you can use our range of mechanical chart retracement tools such as simple and exponential moving averages, Welles Wilder smoothing, momentum oscillator and others. These can be used on simple line charts as well as candlestick charts. All our data is collected from several major financial liquidity providers to ensure that you get the absolutely most accurate rates and chart readings.

Automated Signals and Orders

To make it simpler for you to keep track of the market activity, the platform provides you with free auto signaling software for online trading. Since the beginning of the global financial crisis, the FX market has experienced almost unprecedented levels of volatility, which means that the opportunities for profit have never been as widespread. While this is a great incentive for online investors to switch to currency traders, the increased market activity can sometimes make it difficult to keep up with all the currency pairs at once. This is where auto signaling software comes in. You can easily keep track of all the currency pairs by placing automated signal alarms according to your trend analysis. Usually traders set auto signals to notify them when a trend has become significant enough to trade, or on the contrary, when the trend is about to turn so you can change your positions accordingly.

Complementing the automated signaling software are our automated trading orders. Most traders can’t monitor the market around the clock and so risk missing out on many profitable opportunities. Trading orders help amend that because they let traders capitalize on market trends that are determined beforehand based on price rates. Instead of waiting for the market to reach a certain rate and then executing the trade, you can set an order to automatically open a position when the market reaches that rate. This way you can maximize potential profits even when you don’t have time to monitor the market closely.