Selecting the best trading software in India for all your Forex trading needs

Trading software can provide users with the right pricing and information for asset management, Technical analysis, indicator, and proprietary tools to allow you to gain maximum profit from their investments.

The availability of such software helps to fuel the trading software industry by allowing users to access the information needed to get the best results for their needs. Although, there is no dearth of best trading software in India yet each one has distinct outcomes

Types of trading software

As stated above, the best trading software in India has distinct features to support both brokerage and developers. Some of the common features of these include –

  • Placing trades

Most of the trading software can place trades and market orders. One can take up real time quotes and view the level 2 order books.

Some of the software also track trading statistics like – win rates and average profits and loss on the closed trades.

  • Technical analysis

Most of the best trading software in India include interactive charts like trend lines and shapes. Apart from this, moving averages and momentum oscillators can be used for best outcomes.

  • Fundamental analysis

Some of the best trading software in India provides easy access to fundamental aspects like financial statements, analyst ratings and similar products. This is easily used by the traders to simplify their due diligence

  • Programmatic trading

Advanced trading software enables traders to develop new systems that can be executed automatically rather than having to click a button.

  • Paper trading

Some of the software for trading in India include the ability to place riskless and without actual money trading options. This is called as the paper trading. Traders can easily test their skills and understand the benefits of performing the outcomes before committing to actual .

Deciding on the trading software

Before deciding on best trading software in India, you need to carefully consider the exact features that you need. Each of these trading majors may have their own trading size and commission rates. For instance, an average trading size is calculated as 2 percent of the equity larger than 200 dollars.

Another important aspect of the trading is the number of contracts that are taken for each trade. This is called as the position sizing and is quite easy to calculate. Some of these include the following –

  • The minimum account size needed to trade the system
  • The initial position size for a given account
  • The expected rate of return on account Equity
  • Likely outcomes or return/risk ratio.