Forex trading and education in one place

Forex trading has found its way onto the screens of many traders looking for alternatives to interest rate and stock indexes, but like any market, trading forex requires research, reliable quotes and education. Many forex platforms offer multiple services including trading education.
One such platform, http://www.finifx.com/, was launched in mid 2005 after five years of preparation, offering multiple resources for new and experienced forex traders.
The Fini Fx Pro trading platform is an Internet-based currency trading system for self directed and managed forex trading. The platform provides traders, trading advisers, pool operators and brokers with the tools for account management and trade execution on major currency pairs.
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The Fini Fx Pro's features include real-time quotes, one click execution and anytime online account monitoring. The platform interface includes trade execution windows and a chart constructor. The platform allows you to apply analytical indicators and drag and drop chart options.
There is also an all in one provision in the Quote Window to set up stop loss/take profit in points, which can be assigned to any order. The Context Help System provides users with on-demand help within every section of the trading platform. There's an automated back-office online and real-time account reporting facility with all reports available to clients. While monitoring fluctuations in currency prices, traders depend greatly on accurate quote information and the Fini Fx Pro trading platform offers real-time currency price feed through connectivity to the global forex marketplace.
Fini Fx allows traders to execute trades from multiple areas including the Quote Window, Trade Window, Full Screen Window and Toolbar. This means that when the currency you are tracking hits a determined target price you can execute the trade instantly from any of the "trade executable enabled" windows without being delayed from having to click back to the primary trade window.
EDUCATION
Alex De Khtyar president of Fini Fx, says education is important for traders, which is why his Web site is more than just a platform. Educational tools on his site include a history of forex, charts and technical indicators and trade execution lessons in a multi-media based software. There is also a demo trading platform to help traders understand the forex marketplace and begin executing currency trades.
"We have our Forex Academy, which focuses on giving a person who's just starting out in forex the foundation, all the basic principles of what this market is all about. We cover the understanding of fundamental and technical analysis and risk and money management," De Khtyar says.
"Fini Fx Academy is not just like a book on a CD you just read. It's an interactive software with 21 lessons with quizzes and a final exam with 108 questions," De Khtyar says. The Fini Fx Academy costs $299.
DEMO ACCOUNT
Traders can open a demo account, view statistics and evaluate their performance and trading strategies.
"We have a demo that is free for 30 days, which can be extended up to 90 days, that teaches traders how to use our platform with 15 animated lessons. Our demo teaches the theory behind trading forex and allows users to practice it before they get into it with their own money," he says.
"The Fini Fx demo account provides actual live forex market quotes, charts and streaming news so that you can exercise your trading skills and evaluate trading strategies under real market conditions with no risk. The demo account gives traders access to the identical Fini Fx Pro trading platform features including real-time quotes, technical analysis tools, news feed and a built in Web browser.
Another forex platform that offers similar tools, but for the more experienced trader, is TGForex.com, which offers a free technical analysis program for forex traders at http://www.tgforex.com/.
Users can evaluate the results of several different trading programs in a highly interactive graphical environment. The on-screen graphs and reports update to show how changes to such things as moving average periods and stop placement affect profits.
The simulator uses recent data from eight different currency pairs and currently has four basic trading algorithms builtin: single moving average, moving average crossover, triple moving average and high-low channel.
Another forex platform that offers resources is AlaronFx at http://www.alaronfx.com/. On its Web site you can find trading guides, forex research with a forex outlook and forex news.
Alaron also provides a free demo account for 30 days. The demo account allows you to test your trading system and theories, gain confidence trading forex online and benefit from built-in risk management. You also will receive real-time streaming quotes, charts and news, which are available on its Internet-based trading platform.
AlaronFx's forex platform offers 24-hour forex trading at interbank spreads. AlaronFX also offers research, online spot fx, cash metals and EFPs. It services Introducing brokers, money managers, futures commission merchants, and managed retail and institutional accounts.
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