Whether you are looking for a free demo or a paid version, there are some things you should look for in the right Future Trading Software. You can expect to find helpful information on commissions, demo trading, up-to-date news, a user-friendly interface, and more. Futures trading can be daunting, so here are some tips to help you choose the right program. Listed below are the best features of futures trading software:
Demo trading
To get the hang of future trading, you should start by setting up a demo account with a trading platform you are interested in. It should be as simple as possible and not require you to provide as much personal information as a live account. In most cases, you should be asked for only the most basic details, such as your username and password. Afterward, you can switch from the virtual setting to the real one to see how well it works.
Commissions charged on futures trading
Depending on the broker you choose, you may want to pay a commission for futures trading software. Some brokerage firms charge monthly fees and others do not. For instance, CME Group charges a monthly fee for non-professional traders. These fees vary by exchange and client type. If you want to avoid paying commissions, look for a broker that charges no fees. You can also look for a tiered commission structure.
User-friendly interface
A user-friendly interface is important for any online product. It acts as a “bridge” between the user and the system, letting the user explain exactly what they need and want. A user-unfriendly interface will drive users away – 40 percent of them won’t return. The principles of good interface design are the same for websites, programs, and services.
Up-to-date news
If you’re looking for a trading platform that gives you access to up-to-date news, Mosaic is the way to go. Its intuitive interface makes it easy to set up Watchlists, attach orders, and customize Market Scanners to follow a particular company or asset. Besides the news, Mosaic is also capable of providing real-time streaming news and subscriptions to premium newswires. In addition, you can personalize your workspace to display only the news that matters to you.
Easy to use
A great feature of an easy-to-use future trading software is the ability to customize charts and graphs across platforms. This feature is particularly helpful for backtesting and trade practice. The platform is free for charting, market analysis, and live trading. In addition, there are no commissions. Users may open up any number of charts and customize the colors as they see fit, and add indicators and strategies to them easily. The software also allows users to insert symbols easily.