When you first enter the world of forex trading and the foreign exchange market, it can be overwhelming and expansive, to say the least. To combat this fight-or-flight feeling, you need to be equipped with some knowledge, confidence, and guts to get you through the early trades and follow-up periods. Once you do this, you are ready to take on the forex market and create successful trades and profits. Online forex trading is the most common form of trading in the forex market, although some brokers and traders operate by phone and you should also be accessible that way to maximize trading opportunities.

When searching for an online forex trading site, platform or broker, there are many things to consider in order to find the right one for you. You need to find a place where you feel you are getting the best level of knowledge from qualified outlets and where you are offered the resources you need to be successful in your trade. One of these resources should be a demo or hands-on platform. Many offer them and they are an amazing way to get familiar with forex trading without risking your own money.

Oanda offers the best demo account that does not expire and offers extensive scenarios for you to browse and learn the best trades.
While this was the best trading platform a few years back, they have not updated or changed their basic platform and now they may seem outdated. When you are considering Oanda, take this into your thought process and see if it will hold you back or propel you forward.

Forex Capital Markets is a standard and streamlined forex trading platform that offers many of the same features as the others. While it’s easy to download and get started, there’s nothing exceptional about it or over the top. If you are looking for an entry-level forex trading platform, this might be the one for you. But, take the time to float around your site a bit and make sure they offer the resources you’re looking for.

GCI Trading is another online forex trading platform that is written in Java. It allows you to trade forex as well as the Dow, Gold, and S&P 500 markets, which can be a great way to diversify and manage everything you’re trading in one place. However, they do not accept customers from the United States, which could be a problem.

Capital Market Services is located in New York and offers a visual trading platform that allows you to execute orders by clicking on a chart, thereby saving you time when making the trade you are interested in. This seems to be a reliable platform and offers all the basic trading resources and features you need to be successful in online forex trading.

The last online forex trading platform that we will discuss is Gain Capital, which is one of the most reputable brokers. Their website looks reassuringly professional and is easy to navigate. They offer all the resources you need to be successful in forex trading and offer all the features you need in a trading platform. This is by far the best of all and should be seriously considered when looking for an online forex trading platform.