A comparison between java based platform and Linux based platform
Choosing a platform is one heck of a job. There are so many different types of forex platforms in the market that you can easily end up picking a wrong platform. If you choose a trading platform that does not suit your trading style, already half the battle is lost. It is absolutely imperative that you first analyze your trading style and your strengths and weaknesses before you select a platform. Most of the platforms available are based on Windows OS. These days, forex platforms are also developed on non-Windows platform.
One of the more preferred choices after Windows OS is the Linux based fx platform. One of the problems faced by Windows based OS is that it is susceptible to viruses. If your account gets hacked by virus, the consequences may be very fatal. A false transaction might be initiated on your behalf and you might not even realize that. This does not happen in case of forex platforms based on Linux. This OS is relatively free from viruses. Also, the GUI of this platform is flexible and can be easily customized.
But, there are also some disadvantages associated with a Linux based fx platform. You might encounter an error message saying that the platform is not compatible with the browser that you are using but the fact is that you have a latest version of browser.
Java based trading platform is non down loadable platform. It is made available via your web browser only. The advantage of this is that you do not have to install the software before using it. This is particularly useful if you access your account from different places. In case of Linux based fx platform, you have to download the software on your PC first, if it is not already installed. All that you need is a high speed internet connection. But this very feature can prove to be a drawback if your internet speed is less. With poor internet connectivity, it will take time to load the pages and navigate from one page to another can be time consuming. If you have traded in forex market, you would know that a delay of few seconds prove to be very costly. Also, since you always have to be connected to internet, you are always prone to virus attacks.
Also, Java based forex platforms have less features as compared to Linux based platforms. Only the features required to place an order is made available to the user. For other tools, you will have to purchase some another trading software.
It is essential that you first analyze how you are going to trade and what is your trading method. Different platforms will suit different types of traders.
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