Software Tools

Deal Station (Also know as Trade Station or Trading Terminal)
Deal Stations are used to access the currency pairs for placing your trades. The provide all your
account details such as
Dealing Rates
Open Trades
Entry Orders
Account Balances
News providers
Sometimes Deal Stations come with combined charting packages
Recommended Deal Station FXCM www.fxcm.com or www.interbankfx.com
Base currencies other than USD www.fxcm.co.uk
Charts
There are many different types of charts complete with sets of technical indicators, and they come in a
multiple of different timeframes
1,5, 10, 15, 30,minutes, 1 hour, 4 hour, Daily, Weekly, Monthly timeframes
Different traders use the different timeframes depending on their strategies
Recommended free charts www.interbankfx.com
Uses MetaTrader. Free charts account (demo) needs to be renewed every 30 days.
Computer Requirements Computer
Fast as possible - Pentium 3 or greater.
Dual monitors an advantage but are not essential.
Monitor size - at least 15" flat screen (19" preferable)
Minimum RAM 256Mb
The average computer will cope but sometimes you may experience lack of RAM problems which
will slow the computer
Internet

Broadband / ADSL and cable preferred
Good dial up modem is typically adequate
Unlimited download and time plans
Broadband - minimum speed is ok - need at least 3Gb download
Session times - plans with 2-4 hr session times are frustrating
Software
Windows 2000 Pro or XP
Trading software supplied by the brokers

Deal Stations
What to look for in a forex broker.
Honesty
Reliability
Security of data and information
Easy to use software
Fast accurate order execution
Minimum slippage
Charting packages incorporated with Deal Station
Financial strength and stability

www.forextradingway.com