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What is cTrader platform?
cTrader is an ECN forex trading platform. It was developed by Spotware, and it quickly established itself as one of the most popular platforms. cTrader has an easy to understand interface, which attracts users who prefer a clean setup. It is very intuitive and also easy to use, thus making it ideal even for beginners.
cTrader is the first forex platform that offers three types of market depth. The price depth demonstrates the liquidity that is available at each price. The standard depth, for instance, allows users to see the liquidity providers’ aggregate quotes. This is very useful for traders who are trying to become more used to the market dynamics.
The VWAP depth on the other hand, shows the average price that is traded over a certain period.
On cTrader one can execute different types of orders, namely;
- Market orders are executed according to the best available price. This depends on the liquidity level, and should the best price be insufficient for the requested order, then the second best price will be used to fill the remainder part of the order. This process will continue until the whole order is filled.
- Limit orders and stop orders these are very useful for the trader as the target price and expected volume will be set, so that when this is attained, the order will be executed automatically. This is particularly useful when the exchange rate of a currency pair varies considerably. In cases when the liquidity available is not sufficient, the limit order will be partially executed.
- Protection by setting a maximum accepted loss, or a stop loss, and a take profit level, all orders can be secured. In the case of limit orders one can also set a date and hour when the order shall expire.
- QuickTrades these are useful especially for scalpers. QuickTrades can reverse or double positions as well as execute orders as quickly as you wish by simply pressing the QuickTrade buttons hence it’s just one click!
cTrader offers several trading charts with 26 timeframes and 6 zoom levels. This enables traders the possibility to easily adapt to their trading strategies. Simply double clicking on the top of a chart allows you to place an order quickly!
cTrader has all the tools you could possibly need to perform technical analysis, including trend indicators, volatility measures and oscillators. One can also create custom indicators using the cAlgo algorithmic trading platform.
All the charts can be detached, and so one can use them as a standalone desktop app. cTrader also shows the buy/sell lines on the charts, along with entry points, stop loss, take profit levels this is not the case with some other platforms which only show the average price or bid/ask lines. Scalpers also find cTrader ideal as it displays charts in ticks. With each tick a new bar is shown, or an aggregate view of up to 55 ticks per bar.
You can also crate trading robots and your own personalised technical indicators using the cAlgo platform, which is integrated in cTrader. The platform is also available on mobile devices, and so both Android and iOS are supported. There is also a web version.
You may test the cTrader platform for free so as to check it out for yourself!
cTrader is the first forex platform that offers three types of market depth. The price depth demonstrates the liquidity that is available at each price. The standard depth, for instance, allows users to see the liquidity providers’ aggregate quotes. This is very useful for traders who are trying to become more used to the market dynamics.
The VWAP depth on the other hand, shows the average price that is traded over a certain period.
On cTrader one can execute different types of orders, namely;
- Market orders are executed according to the best available price. This depends on the liquidity level, and should the best price be insufficient for the requested order, then the second best price will be used to fill the remainder part of the order. This process will continue until the whole order is filled.
- Limit orders and stop orders these are very useful for the trader as the target price and expected volume will be set, so that when this is attained, the order will be executed automatically. This is particularly useful when the exchange rate of a currency pair varies considerably. In cases when the liquidity available is not sufficient, the limit order will be partially executed.
- Protection by setting a maximum accepted loss, or a stop loss, and a take profit level, all orders can be secured. In the case of limit orders one can also set a date and hour when the order shall expire.
- QuickTrades these are useful especially for scalpers. QuickTrades can reverse or double positions as well as execute orders as quickly as you wish by simply pressing the QuickTrade buttons hence it’s just one click!
cTrader offers several trading charts with 26 timeframes and 6 zoom levels. This enables traders the possibility to easily adapt to their trading strategies. Simply double clicking on the top of a chart allows you to place an order quickly!
cTrader has all the tools you could possibly need to perform technical analysis, including trend indicators, volatility measures and oscillators. One can also create custom indicators using the cAlgo algorithmic trading platform.
All the charts can be detached, and so one can use them as a standalone desktop app. cTrader also shows the buy/sell lines on the charts, along with entry points, stop loss, take profit levels this is not the case with some other platforms which only show the average price or bid/ask lines. Scalpers also find cTrader ideal as it displays charts in ticks. With each tick a new bar is shown, or an aggregate view of up to 55 ticks per bar.
You can also crate trading robots and your own personalised technical indicators using the cAlgo platform, which is integrated in cTrader. The platform is also available on mobile devices, and so both Android and iOS are supported. There is also a web version.
You may test the cTrader platform for free so as to check it out for yourself!