Forex Trading Platform Overview
AvaTrader is a multi-faceted forex trading platform that is easily adaptable to the trader’s individual preferences and tastes. Foremost, AvaTrader gives the user the opportunity to trade in FX quickly, seamlessly and easily via the live streaming prices that are constantly generated. All of the advanced functionality is visible within the platform and the main page gives the trader a one-page full-featured advanced forex trading platform.
AvaTrader allows the user to open multiple worksheets and save the information and the layout according to his or her preferences.
The windows on the main page display all the necessary information for trade:
By using the tabs found beneath the main menu, clients can easily jump from one workspace to another. Workspaces can be created, edited and deleted easily by right-clicking on the available tabs.
The one-click worksheet displayed allows the trader to execute trades with a single click. These windows should be used by confident traders only, since a single click is sufficient to enter into a trade. It offers great flexibility for traders, allowing them to enter and exit the market quickly.
By tabbing onto charts, the trader can see an example of the types of charts available. Charts can be changed and analyzed to suit the trader. Forex trading platform charts are unique in allowing you to trade directly form the charts.
The Dealing Rates window is a versatile window that allows the trader to pick his favorite instruments. The current default window features six different instruments, although the trader has the ability to increase or decrease the number and types of instrument displayed. The trader can also detach the window in order to view the rates on any window or computer page that he has open, independent of the AvaTrader forex trading platform.
The main function of this window is to carry out trades. By right clicking the instrument “Bid” or “Ask”, the trader is able to choose between a “market”, “limit” or “stop” order. The trader selects the amount he wishes to trade and clicks the “ok” button to execute the trade.
Dealing Rates Table
The dealing rates table window allows the trader to view many different instruments, including the days high and low in one window. The trader can execute the same orders and in the same format as the Dealing Rates window.
The Open Positions window displays the trader’s open positions. The trader is also able to close a trade with one-click on the Close tab. In addition to closing the open trade, the trader is able to set stops including trailing stops, limits and O.C.O’s. During times of extreme volatility it can be difficult or impossible to execute orders.
The Orders window displays the trader”s orders that are not linked to existing positions. Through the Order page, traders are able to set “If Done” I/D orders as well as all the standard orders mentioned in open positions. During times of extreme volatility it can be difficult or impossible to execute orders.
The Account Information window shows the traders financial status at any given moment. This information includes the traders balance, equity (balance plus the P&L for current open positions), the used and available margins, as well as the P&L.
The charts available in AvaTrader are functional and very easy to use. The trader is able to use different chart types, such as line, bar and candle. The trader can choose different instruments within the chart as well as different periods. It’s easy for the trader to add his own technical analysis tools, such as, support and resistance lines, Fibonacci lines, a large range of oscillators, moving averages and a host of other indicators.