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Webtrading Platform or Desktop Based?
A platform does not require you to download or maintain trader software on your computer as mandated by old-school PC-based trading systems.
There is no PC Software to possibly get a bug, hacked or crash and also use valuable disk space on your hard drive.
You can login to a "web trading" platform from almost any computer which has internet access, making trades from any local computer or mobile devices, and flexible, even if your system does not have a dedicated app installed.
Traders are not as vulnerable to computer crashes if there's other ways to access the-web via any internet connection.
If traders are using an Apple/Mac there's no worry about purchasing a compatible PC to run your platform.
Trade from your phone, pc or ipad via a web browser even if your system does not have a dedicated app installed.
The PC provider's SSL certificate may not be adequate to ensure the safety of both computer transactions and financial data.
In this innovation age, trading software development uses the latest technologies such as AI, machine learning, blockchain, crypto and more. These technologies are much easier and faster to install and update via a Web Trading Platform vs a Desktop PC. With that said, if the trader is devoted to a PC of course he can still use a webtrading remote platform.
A good webtrading platform makes it relatively fast and easy to get the latest market quotes, charts and place orders with a few clicks and no need to download or install a program. Making it smoother for the trader is a platform which has an easy to recall and remember dot-com domain name.
A number of professional traders prefer antiquated desktop programs and PC tools, believing it reliable, secure and adequate. However, that view is debatable and can be shown as non-valid.
The fact is Webtrading-based trading platforms have far more advantages and are more advanced vs desktop-based trading. Webtrading platform-based applications can be easily accessed at anytime and on any pc, mobile device, smart phone, laptop, ipad etc with an internet connection.
That compares to desktop PCs which are of course always tied to a physical location, meaning you cannot carry your computer to access webtrading platform systems and applications.
The work of desktop solutions depends on a user’s machine computing power. So if it starts lagging or gets broken or a bug, it's a big problem for the trader. However, if it’s a webtrading-based solution, data processing happens on the cloud and the trading program can be accessed from any other computer or mobile device.
Desktop and PC based trading software require user interaction to keep it running with updated software, however webtrading based apps are updated automatically with latest version.
Another important advantage is web-based applications are cost-effectively compatible with many platforms making it cross-platform and overall low-cost and faster development options.
Traders will not need high-cost powerful PC hardware or extra storage to deal with increased data access and work as web-servers can better handle everything, or you can add new servers to the system.
A formula for profitable trading success is using a trading system based on sound trading principles, which can also be customized and tweaked for ever-changing conditions and a change of trend. It takes a lot of time to build and test the best trade algorithm and work on minimizing the high risk of loss. A webtrading platform makes it much easier vs pc software.
Trading system modifications are difficult if not impossible jobs using desktop software, but much easier via webtrading platform based systems to test and use trade strategies in a browser window by using webtrading-based trading solutions.
A webtrading platform can have all information stored and uploaded on the cloud, making it easily accessible anytime and anywhere via a web-browser such as if you are on a business trip or vacation.
You won’t need that big bulky hardware system with multiple screens. It's enough to have a smart phone, ipad, notepad, tablet or a basic PC. All the data processing power will be on the cloud and uploaded via a platform.
Where to go for a great web-trading system and name? Your financial trading firm or brokerage software engineers can design the platform, or as an option purchase an existing commercial system. With that said, please keep in mind the internet domain and platform name are of critical importance to your overall success.
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