Not only is the forex market a huge global entity that sees an estimated $6.6 trillion traded globally every single day, but it’s also a deceptively complex and volatile entity.
To a complete novice, the systems and processes involved with forex trading can be particularly daunting, deterring some from ever even executing their first trade.
This can also cause you to overlook even the most basic points, such as whether or not you need to download software to trade forex. Fortunately, we’re on hand to provide some insight into this below.
Why You Don’t Have to Download Software to Start Trading
During the early iterations of digital trading and online brokerage platforms, you may have been required to download dedicated forex software before trading through a desktop device.
However, we’ve seen considerable evolution and technological advancement in the marketplace of late, with this having broken down the barriers to entry that once made forex trading relatively inaccessible and made it more accessible than ever before.
As a result of this, you can now access popular trading platforms such as the MT4 online, without having to download complex or standalone software from a third-party provider.
Not only does this mean that you can access the MT4 platform directly through your browser, but it also negates the time and security considerations of downloading external software packages onto your desktop or laptop device.
The same principle applies when using mobile devices, as there’s simply no need to install software to access the MT4 and similar platforms whilst on the move.
Instead, you can trade freely using a native mobile app or through a Safari or Chrome browser, depending on whether you’re using an iOS or Android device.
What are the Real Benefits of This?
Being able to access full functionality without downloading third-party software offers huge advantages to traders, particularly from the perspective of security.
This also encourages flexible and convenient usage, as you can access your trading platform and account from any desktop or mobile device, without compromising on synchronicity and connectivity (so long as you have a viable Internet connection, of course).