JForex is recommended for dukascopy forex traders interested in both manual and automated trading, as well as developing and testing trading strategies written in java programming language. The main functionality and interface of the platform are similar to the JAVA platform. In addition, it is possible to use the built-in interface to implement the strategy. Built-in technical analysis tools allow you to trade directly from currency pairs charts.
When choosing a trading platform, you need to understand that everyone has their pros and cons, so the trader should make a choice based on his preferences and ideas for convenience, necessary functionality and comfort. The JFOREX trading platform is not as popular as MetaTrader 4 and 5, it is not used as often, but it still has fans who find it convenient and good.
Whether you practice automated or manual trading, Jaforex platform will be a good tool for making money on the international currency market. This is a great option for a beginner who has just set out on a speculative path and for an experienced trader who has had the opportunity to evaluate other terminals. JFOREX is mainly chosen by traders who create personal strategies and want to test them. But this applies to those who write in JAVA. Technical requirements – Vista, Windows 2000, XP, connection speed at least 36.6 KB/s, cpu frequency from 2.0 GHz, Explorer 7, FireFox 2.0, may be newer.
Why investors choose JForex
There are many different automated trading solutions on the market. But few can provide jforex-like functionality. Below are the main advantages of the JForex platform compared to Meta Trader, Trade Station and other
support for various operating systems! You can run automated strategies using any operating system (Windows, Linux, Mac, etc.)
Automatic strategy visualization! JForex provides the opportunity to visualize the implementation of the strategy not only in real trading mode, but also in the historical test mode. Automatic strategies based on different currency pairs! Investors can develop their strategies to use different currency pairs at the same time. A historical test that uses real tick data! Unlike solutions offered by other FX companies, where the results of the historical test are not accurate due to the use of interpolated data, JForex offers real tick data for the historical test. Over 180 trading indicators! JForex provides over 180 trading indicators available for forex strategy. Java IDE support (integrated development environment)! For professional car dealers, JForex provides multiple Java IDs (integrated development environment) available for automated strategies. Enjoying the full depth of the market! The depth of the JForex market consists of prices and liquidity provided by different providers (foreign exchange counterparties). By creating strategies, the trader can use the depth of the market as an additional source of information about the current market. Introducing BIDs and offers on the market! This additional functionality allows the trader to become a liquidity provider by marketing their own BIDs and OFFER. Other market participants can benefit from the liquidity provided while saving on spread costs.
Each user chooses a platform he likes personally, meets all requirements and wishes. Today’s choice is not small, developers actively work and create new options, but not all terminals can please traders. As for JFOREX, it has its advantages as well as disadvantages.
Platform runs on multiple operating systems, you will be able to run automatic strategies, for example, on Mac, Windows, Linux and others. Strategies (or rather the way they are executed) can be visually replicated in the present tense. Using this platform, you will be able to create automated strategies depending on how different currency pairs behave. There is no interpolated data in the terminal, which is not the case with other Forex platforms. JFOREX allows the use of real tick data. Almost two hundred indicators are available here. The user always knows what is happening in the market thanks to additional information (liquidity and prices are taken into account) that customers using the platform receive. With this feature, you can bid and BID by providing liquidity in the Forex market. If you run automated trading at a professional level, you can use the multiple Java IDs that the platform offers to implement automated strategies.
In addition to the pluses, there are some features that can be called disadvantages.
JForex is not as popular as other platforms and many brokers do not pay attention to it. If you pay attention to reviews of Dukascopy, it becomes clear that this company prefers Jay Forex. The platform works only with systems that are written in java. And this is quite a significant drawback, because an overwhelming number of popular automated strategies are being developed on M’L, which is preferred for convenience and ease. If you can not understand how the platform works, you can use forex video, which describes the rules of the terminal in detail. Choose a platform that will be convenient to use personally for you, but it will not hurt to know the opinions of other traders.