Forex Platforms - 101 (Part Ten)

ByRichard Broomstick

Expert Author Richard Broomstick

Creating a custom Forex trading strategy requires experience, data and the right set of tools that a Forex platform can provide. It is highly recommended for any new trader that wishes to develop a trading strategy to find a platform that easy to use but also provides in-depth functionality. It is also important to have a clear understanding of the risks involved and practise extensively on a demo account before investing any real money. Social platforms such as Zulutrade provide to any newcomer the ability to analyse, copy and monitor strategies and trading performance of other traders. Connecting with analysts and experts in the industry is made easier for anyone to that wishes to learn about the market but make sure to attach an account from a supported broker. In this article we are going to continue analyzing social Forex trading platforms by discussing "FX Junction".

FX Junction is a social trading platform developed by FX Junction LLC, a company offering more than 18 years of experience and success in the Forex industry. FX Junction operates by installing a bridge connection on the popular Metatrader 4 platform offered by most brokers. One of the main goals of the company is to creating a platform that is easy to use and be the benchmark for information sharing between traders from all over the globe. Similar to other social platforms on the market such as Zulutrade and openbook, FX Junction is a great destination for new and inexperienced traders.

Creating an account is free of charge and pretty straight forward requiring general information such as a name and a working telephone number. Users are then required to attach their trading accounts from a supported broker. There are currently 10 thousand registered users and the company claims more than 2 million trades conducted to-date.

The focus is to find successful traders, analyze their performance and copy their strategies by using build in functionality. The platform's in-depth ranking system also assists in quickly finding which traders are being profitable for any time period. Another great advantage of FX Junction is that you can build your own portfolio of experts, providing a helping hand when it comes in taking important trading decisions. Moreover users can fully customize their profiles and have full control over their private information. Partnerships and platform licensing are also available through white label solutions but make sure to check their website for more information.

Richard is a financial writer. Check out his eToro review and more at