Hi!
I am looking at getting into Forex Trading as a way to make money online. I have a number of questions which I will be posting over the next few minutes. But the first is about which trading platform you guys recommend, particularly for my needs.
I am aware of Forex.com where I can practice before signing up for the real deal.
When I initially start trading, I don't want to put a lot of money down, so could you please tell me the minimum deposit each of your recommendations accept and a little information about them. Also, which is the best platform for more experienced forex traders and finally what do I need to look for in a trading platform?
Many thanks for your assistance and expertise!
Annemarie
Full Version: Trading Platforms?
MoneyMakerGroup > MoneyMaking: Markets, Real Estate, Banking, and Investments > Forex > Brokers, Trading Platforms, Signal Services, Robots & Software
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hello friend,
i am an active forex trader and this is my advice. if you're looking into getting into forex trading for money-making you have to be willing to invest your time....a lot of it i mean. and you have to stay on a demo account for at least 6months! SERIOUSLY....you don't want to be like me. when i started, just after 2 months of demo trading i dived into real trading...and don't ask me what happened to my money please--i don't want to cry. ok. so here we go. to start with, about the trading platform, i'd say go with MT4, reason being almost all the brokers run it and it's easy to get help and you can fairly a lot of order types. but it's ok to experiment with different platforms like the one provided by OANDA. that one is very graphical and easy to use and i recommend it for beginners. the one from eToro, which is tooooooo graphical makes it more of a cartoon show than business. after few months, say 1 of testing which platform best suits you, you decide then which broker you'd want. and you'll need to experiment with demos from them, test their support team and other things you'll need to look out for. i'll recommend: http://www.mt4brokersreview.com as a source of getting all info on MT4 brokers. that site is full of good information you'll need. you need to do a lot of reading though. what to look for in a platform first is comfort when it comes to usage, then tools it has, then kind of orders it can perform, then kind and number of indicators. my power advice to noobs is this. NEVER start with your real money for an amateur trader like you. instead, enter some weekly contest that reward money on demo contest. you'll know youre ready to enter with your own money when you have won about 3x of demo contest...and you'll be rewarded money as well, then you can start trading...see the magic? you never used your money. you learned to trade and go free capital while you're really ready to trade. explore and read more and you'll make it. good luck. QUOTE (gainfx @ Jun 24 2010, 07:30 PM)  hello friend, i am an active forex trader and this is my advice. if you're looking into getting into forex trading for money-making you have to be willing to invest your time....a lot of it i mean. and you have to stay on a demo account for at least 6months! SERIOUSLY....you don't want to be like me. when i started, just after 2 months of demo trading i dived into real trading...and don't ask me what happened to my money please--i don't want to cry. ok. so here we go. to start with, about the trading platform, i'd say go with MT4, reason being almost all the brokers run it and it's easy to get help and you can fairly a lot of order types. but it's ok to experiment with different platforms like the one provided by OANDA. that one is very graphical and easy to use and i recommend it for beginners. the one from eToro, which is tooooooo graphical makes it more of a cartoon show than business. after few months, say 1 of testing which platform best suits you, you decide then which broker you'd want. and you'll need to experiment with demos from them, test their support team and other things you'll need to look out for. i'll recommend: http://www.mt4brokersreview.com as a source of getting all info on MT4 brokers. that site is full of good information you'll need. you need to do a lot of reading though. what to look for in a platform first is comfort when it comes to usage, then tools it has, then kind of orders it can perform, then kind and number of indicators. my power advice to noobs is this. NEVER start with your real money for an amateur trader like you. instead, enter some weekly contest that reward money on demo contest. you'll know youre ready to enter with your own money when you have won about 3x of demo contest...and you'll be rewarded money as well, then you can start trading...see the magic? you never used your money. you learned to trade and go free capital while you're really ready to trade. explore and read more and you'll make it. good luck. Quite agree with the above post. Mt4 is the better platform for Forex Trading. Also you could try http://www.forex4you.com/ fore better spreads
Hey! Glad to see your interest in Forex trading. There's a lot of great platforms out there to trade with, I recommend MT4 as this is one of the easiest to use & friendly to navigate platforms out there, goodluck in your trading, be sure to use a demo account first with any platform!
Hello. I use MT4. A convenient platform, I recommend!
I use MT4 via the http://www.fxfrench.com platform
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I Use MT4 vwith Forex JackHammer, simple but professional.
A lot of good software as mde obvious here runs on MT4 and 5. Personally I avoid Forex.com like the plague.
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[quote name='fxcoaching' date='Oct 12 2010, 04:16 AM' post='6231359']
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really informative thread ...keep it up.
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What distinction of trade platforms?
EASY FOREX- LERN, HELP, TRADING
Easy to start With just $25 you can open your own trading account. A simple 2 step sign up process and multiple payment options (including online credit card) makes opening an account with us one of the simplest and quickest you’ll find anywhere. Personal Service If you are new to trading your personal Account Service Manager will provide one-on-one training in your language. More experienced traders get great service and professional market insights from their Personal Dealer. Easy choice for every trader Whether you prefer to trade via the web, on your desktop, smart phone, iPhone or PDA we’ve got a platform to suit your needs. With your one trading account, you can trade on all our platforms. Transparent cost Ever heard ‘0 or 1 pip spread’? Sounds too good to be true? Well it is. We offer Fixed spreads – which means that whatever the market is doing, your spreads don’t change. Spreads and rolling fees, that’s all you pay with us – no commissions on deposits or withdrawals. There are no margin requirements/calls on our web platform and TradeDesk™ platform. With our MT4 platform you can start from just 0.01 lots and no margin is required to hedge positions. Forex specialists Make trading decisions knowing you are getting expert market analysis and technical reports, the way you want to receive them –SMS, Twitter, online chat, live news videos, emailed reports. Continual growth Whether you’re starting out or an advanced trader, you’ll benefit from our comprehensive online video education course. You can sharpen your trading skills on our no obligation Trade Simulator or get a free $100,000 Demo Account giving you access to all our platforms and trading services. And with us, your trading doesn’t have to just stop with you; if you’re ready to grow your own Forex business, talk to us about our Partner Program. Security of funds Your money is kept in a segregated account, ensuring that whatever happens, the money is always available to you. Secure online payments are safeguarded with Verisign with account base currencies available in EUR, GBP, USD, CNY, AUD, PLN, ILS, ZAR, NOK and JPY. Liquidity is provided by global Tier One banks. Trusted Since 2003 we’ve been servicing clients in over 150 countries worldwide. We are licensed in Europe, Australia and USA and have offices in London, Chicago, Limassol, Warsaw, Sydney and Melbourne. easy-forex® is audited yearly by PriceWaterhouseCoopers. For you: Forex Training Videos Forex Articles Simulator Demo Account Forex e-Book Forex Glossary Click for more informations
I searched the site. Is there a phone support? I can only see live chat.
____________________ All things are difficult before they are easy.  
A good trading platform is critical to success in this business. The process of finding the best Forex trading platform should be well planned if success is to be achieved. One of the most recommended trading platforms is Metatrader. The proof to this is the fact that a lot of Forex brokers offer MetaTrader as their primary platform.
Forex Scalping
I've been trading forex for over one year. There were both wins and losses during the whole experience. Right now I'm interested in making my own technical analysis and I'm searching for usable tools for my purpose. My trading strategy is breakdown trading. The signal for breakdown becomes clearer if it is visible on other currencies. For ex, we can take such pairs eurusd, eurjpy, gbpusd and gbpjpy. We take eur and gbp because these pair always move alike, as European economy connects them. We all know that movement of one currency often depends from the other because many currencies are interconnected in forex, for ex, movement of many currencies depends from buck's movement and also from yen's movement. That is why I think that it would be great to have such instrument as putting one chart of one currency pair over the other(in our case it is 4 charts). After that we can draw on all charts AT ONCE one line, it can be a resistance line or a support line. And if on all charts the price breaks the drawn line we can open a needed position. Nowadays there are many brokers which have trading platforms with charts over-putting, but we can hardly find platforms with visual trading. I mean that I want to set a condition if my drawn line is broken by the price than a needed position will be opened. Maybe, anyone has ever trading platforms with both charts putting one over the other and visual trading ability and can recommend them for testing?
Hello everybody.
Maybe someone could tell what pro and contras there are dealing with MT4. Are there any pitfalls which newbies have to know to start better?
The best trading platforms for me are eToro, plus500 and easy forex because there are trustable and reliable, they are widely known and they provide online support, useful spreadsheets and charts for maximum possible profit.
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