Trading software is something that all forex traders use every day. Fx trading was never established on the telephone in the same way that stock trading was, simply because foreign exchange rates were fixed for a long time. Even if the gold standard was relaxed and costs started to change in the 1970s, it was a rare non-public financier who ventured into the forex market. It was actually the rise of the internet that opened up foreign exchange trading for the average tiny financier. Brokers developed trading software so that their clientele could access the market without delay. This cut brokers’ costs and made it advantageous for them to take on clients with smaller account balances.
This implies that a computer is a requirement for any forex trader. You need good Internet access over a trustworthy broadband connection, so as to receive streaming price info and send in your orders without slippage. Any delay in the transmission of your order can imply you lose the price you wanted, so dialup just will not cut it.
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