Below is a glossary of terms that are used in the online trading industry. Select the first letter of the word you are seeking from the list above to jump to the appropriate section of the glossary.
Web Trader / Web Trading Platform
What is a web trader?
A web trader is a platform through which forex traders can open and close positions online, without downloading any software. Using a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, and track all positions executed, past and current.
How does one use a web trader?
Once a trader has opened an account with a broker, such as Fortrade, he will see links to the trader’s web trading platform. By clicking on the link, and confirming that he is in fact the trader with the account, he can access his entire trading history through the web trader, as well as all potential forex trades that he can buy or sell, complete with Bid-Ask spreads. The Fortrade web trader can be found here.