Who Needs Forex Trading Software for Mac Computers
Luckily I Don't Need It to Use My Mac for Trading Anymore
Forex trading software for Mac users is phantom-ware. Until someone comes up with a way of making investment programs work with the Apple MacOS users are going to be left out in the cold. Macs are great and have their place but for the love of God I can never get financial software to work on them. Now I don’t have to though. I can still trade forex, only now it’s very simplified in a way I can even do it on my Mac (see a demo).
People looking for forex trading software for Mac computers are faced with two choices: go with server based software or buy a PC and run the trading software on a windows system. I don’t write the rules of how Macs work, I just know (like many of you out there) that portfolio/investment management financial software simply doesn’t work on Macs.
If you are new to forex trading or forex option trading, check out this intro to forex options ($0.99 audio download).
If Portfolio Account Software Doesn’t Work…
Finding forex trading software for Mac has always been a thorn in the side of Apple users wanting to play in the foreign exchange market. Actually getting a lot of different financially related programs to run on the MacOS can be a bit of a challenge – requiring emulators and such. While programs specific to the MacOS is required for people wanting to handle personal financial matters such as bookkeeping and what have you, specific code is not required when it comes to forex trading software for Mac.
Java Works Just Fine Remotely
The reason a specific applications program is not required is the advent of Java server based applications that run on a host computer and interact with your computer based on IP (internet protocol). In other words, the Java program interacts with your MacOS the same way that websites interact with your computer browser, such as Safari, or on a Windows PC, Internet Explorer or Firefox.
Server Based Systems Are Actually Preferable Anyway
How programs like the Java based forex trading software for Mac work is they are loaded onto a web server host with an account only the home user can access. Then the user gives account and log in instructions to the hosted program connecting the trading application to their foreign exchange brokerage account. At this point the user selects how they want the program to run and then press start and watch the trades start happening. It’s pretty impressive to see how quickly the trades can happen – and all of it happens automatically independent of the operating system your computer is using.
Trading Doesn’t Have to Be Complicated
If you don’t like the MT4 and robot software (the robots eventually obsolete themselves) and would rather try a vendor based (automation optional) platform, visit this broker, who has their own system. Unlike most forex brokers they offer micro accounts ($100 minimum), give plenty of leverage (200:1), and their site isn’t an obvious (and difficult to read) auto-translation.
How Forex Trading Software Works
Typically forex trading software looks for inequalities in the market – usually as a part of a canned program (or with a little tweaking of your own) whereby the software continuously scans prices in the market and makes trades based on opportunities it sees in the market. One of the ways this is done is by using a three way comparison trade – to check for pricing inequalities between three currencies as opposed to two. Consider the following chart series where we examine the relationship between the USD/YEN/EUR.
Auto Forex Trading Software Continuously Analyzes the Movement of the Market
Although there appears to be some relationship between the three currencies how can one pick out the opportunities in a rapidly moving market? This is where the high powered software comes in and does some serious number crunching and analysis for you to find profitable trades for your account and jump in (or out) of the market before the forex trading opportunity slips past. What sorts of opportunities might it seek out? Let’s take the data from the first graph and look at it a different way. Let’s try to make a YEN/USD cross rate from a combination of a YEN/EUR trade and a USD/EUR trade… and then compare that to the direct cross rate of the YEN/USD. Watch what happens…
Auto Forex Trading Captures Price Disequilibrium Spikes
Among several of the spikes highlighted are the Lehman collapse and the election of Barack Obama. The biggest spike is the approval of the bank bailout package. As you can see volatile news announcements have a significant impact on the market, many times creating price disequilibriums which auto forex software tries to capture.
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