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What is a Good Forex Platform?

By Edited May 30, 2014 0 0

A good Forex platform is one that is dynamic and full of features. However, you need to understand that just because a Forex platform has plenty of nice features, that does not mean that it is very functional. Some Forex platforms are very clumsy can mess you up simply by not being designed correctly. It is a very subjective topic, but is one that needs to be discussed. Here are some tips on finding an excellent Forex platform to use.

First off, the best overall platform I have found to use is called meta-trader. This was the best because it offers you not only the most features and the most interaction, but it also offers you access to expert advisors. These are essential when trading Forex. The reason is because you cannot be constantly scanning the market for every single possible entry point. You need an expert advisor to give you the entry points that you can make the decision whether or not to trade. Meta trader has great access to expert advisors.

Another reason why meta-trader is an excellent trading platform is because it gives you a lot of confirmation on the patterns are observing while you're trading them. If you train too quickly, you will often end up playing the Forex lottery, which is where you are simply clicking buttons to see what will make your profits. This is practically guaranteed strategy for losing. Make your using a Forex platform that allows you to observe things and make trades rationally.

Another excellent Forex platform I recommend is the one on thinkorswim. This platform offers a tremendous amount of information without overbearing you. You can drag as many currency pairs as you want as many times as you want and use any indicators you want in order to figure out exactly how to trade. In addition, this Forex platform allows to confirm a trade before letting it go through. That way you're not simply pressing buttons to see what will make your profit.



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