What Is the Best Forex Trading Software in the Market ?

مشاهدة الفيديو 

What Is the Best Forex Trading Software in the Market




To get started with Forex trading, basically all you need is a computer and an Internet. But after signing up with a broker they will often provide you with their specialized software to make your trading easier. This software can be either web based or can be installed on your computer and run from your desktop.



The web based software has the advantage of being able to run on any operating system, without any installation. On the other hand, installed software generally runs faster and keeps your data stored locally.



A common question which brokers get asked is “what is the best Forex trading software on the market?” But in reality there really isn’t one specific software program that suits everyone. Forex traders will have their own preferences as to which type of software they find best suits their needs, and consequently will have their own opinions as to which is more effective for them.



But to give you an idea of what’s available we will look at some of the more popular platforms.



Meta Trade 4



Beginners to Forex trading quite often start off using Meta Trader 4 which can be used for Forex and CFD trading. This is a very powerful platform and popular with many of the more experienced and professional traders. Meta Trader 4 has a quick response time in regard to executing transactions and provides advanced technical analysis in addition to its automation capacity. You are able to access a wide variety of indicators and graphical instruments and create personalized expert advisers (EA). By using a software platform such as Meta Trader 4 you are able to enhance your trading time and experiences.



Market Trader



Market Trader is a similar platform to Meta Trader 4 in that it has a good CFD and Forex trading capacity. The downloadable graphical software is easy to install and use. It comes with a flexible interface that you can easily operate by using drag-and-drop commands with your mouse. You can gain a lot of benefits from your Forex trading experience by using real time graphics and professional analytical tools for developing a good and reliable trading strategy.



Market Web Trader is a simple platform that can be synchronized with your Meta Trader 4 account and the software provide access to all the exchange markets.



Market Java Trader



Market Java Trader is a Java based software and doesn’t require downloading and installing. It is intended primarily for those traders who need instant accessibility. Market Java Trader is equipped with all the powerful tools of Market Web Trader, allowing you to trade from any browser. Last, but not least, a professional Forex trader is able take advantage of any tool to keep trading and check out the updates including from their mobile phones.



Markets.Com



This application provides customers with three different mobile applications, being an iPhone application (Market iTrader), the well known Market Mobile Trader for smartphones and the WAP i-mode application Market WAP Trader.



So to go back to the original question as to the best Forex Trading software, only you can decide which one best suits your purposes, each has its own advantages and disadvantages. Whichever you decide to use, it’s important for you to feel comfortable and confident that it provides what you need.

Why Forex Is The Best Market For New Traders.

Why Forex Is The Best Market For New Traders.

It is my belief that Forex is hands down the best market for new traders. When everyone thinks about trading, they automatically think about the Stock exchange. What they don't understand is that it cost a lot of money to actively day trade the stock market. By law, the SEC, requires a large minimum balance for day traders. In this article, I will give you several examples why new traders will find it easier to trade the Forex market as day traders and as other short time frame based currency traders in this market.





There are some inherent advantage to Forex. The first benefit is that you can fund an account with a broker with as little as $5 and as much as a million. Forex makes it so that any trader, no matter their account size has an opportunity to trade. Another advantage of Forex is the fact that you have a lot of leverage you can use, you can use up to 1:400 leverage with some Forex brokers. Leverage is the same as buying with margin. Stock brokerage accounts do not provide this amount of leverage. All short term traders need high leverage to make the most out of their small incremental wins.





More opportunities to trade equals more money that can be made. The stock market opens at around 8 in the morning and closes before 5 pm, that is a short window to trade and makes it so that anyone with a day job can't trade. Forex doesn't have this problems. Forex is a 24 hours market that you can trade anytime of day. It is a global market with participants from all around the globe trading  at every hour of the day, it never closes. You can trade before work and after work.





Open crossover is another reason why Forex is so great. Although, the Forex market is open 24 hours, it does have several opens. An open is when a countries banks start trading. For example, London's open is at 3 am EST and the US open is at 9 am EST. There are also opens for the Asian countries too. What this means that their is a ton of liquidity being pumped into the market through out the day. When these trading periods cross over you have a ton of people moving the market. For day traders and scalpers this is a goldmine.





As you can see, Forex is the best market for a new trader to trade. They will find greater success in Forex than in any market. It is also easier to open an account and get high leverage in Forex. One of the great benefits of Forex is that it is a 24 hour market that you can trade day or night. A new trader can go to work in the day and come home and trade during his or her leisure time. It is a market that gives the trader the advantage.

Free Forex Advice For Beginners

Free Forex Advice For Beginners

There are many ways of making money in life, and one of them that has gained a massive following in the last few years is Forex trading. This involves the trading of currencies, and you are basically betting on whether the market will move up or down over a period of time. In its basic form, this is no more than a 50/50 coin toss, so a strike rate of 50% is the worst you should do. To make a profit you will need about a 60& to 65% success rate though, as you need to take into account the broker fees you pay on each trade, win or lose.



Software



There is so much software available to trade on Forex these days, a newbie can get confused before they have even started. The best advice is to use MT4, as it is free open source software that nearly all brokers use. It is well supported and is great for the beginner and experienced trader alike. Once you really get under the bonnet of MT4 it allows you to program your own bots, and that is not as difficult as it may sound. You can use the brokers own software, although if in the future you switch broker to take advantage of lower fees then you will have to learn new software from scratch, you will not have that problem with MT4.



Brokers



There are a lot of brokers around these days, but you are best sticking to the well-known ones that have been established for a few years. Do not be drawn in by the offer of low fees, a flashy looking web site, all may not be what it seems with smaller brokers. Always do your research first before registering for an account, and ask about the company you are interested in on Forex forums before giving them any of your money. The established brokers want you to win, and so will give you a lot of excellent free advice. This is because the more you win, the longer you will stay with them and trade higher amounts of money, as this equals more profit for them.



Money



If you have never traded on Forex before then you should never deposit more than $100, and use a micro account where you are only trading in cents. In fact, use the brokers demo account first. If you then find yourself making consistent profits, then switch to a real money micro account and see if you continue to make profits for at least a month. Only then should you increase your stakes. Beginners who go in and deposit $1000’s are just stupid, and more than often than not they will lose all of their money.



Trading on the Forex markets can be as easy or complex as you want it to be. The best thing it to keep it simple, ignore all of the graphs, and just watch the markets. Always go with the trend of a market that has been moving in one direction for a few days, as this will improve your strike rate.

Forex Why I Use An Empty Chart

Forex Why I Use An Empty Chart

I am one of the few traders who doesn't use any type of technical indicators. I trade using a raw candle stick chart with nothing on it. I don't even use moving averages. How did I come to trade like this? I came to trade like this after losing my money over an over again. The methods that called for using these indicators didn't work for me and it didn't fit the way I think and trade. I find that those lagging indicators just get in the way of what truly matters in the market, price.





Price is the only thing that matters when you trade Forex. The only thing you should care about is where was the market, where did price go and where do you think it will go. Trading is not a science and it is far from a solved game. Everyone is using guess work to make their trades. The only difference is that some have advanced computers and mathematicians who create predictive algorithms that help them guess without human subjectivity and others are making uneducated guesses. We will never be able to make predictions like the super computer using banks but we can give ourselves a leg up by using price action.





When the chart is empty, all you have to look at is the flow of prices staying steady or moving up and down. I really enjoy this because it gives you a true picture of the market. People cloud their screens with technical indicators because they falsely believe that they can help them predict the market but this is not true. Just watching the price action is all you need to predict the direction of the market. It isn't 100% accurate but nothing is in trading.





What are some methods I use to trade without indicators. I like to trade trends and I have created many methods to try and spot when price will go up or down. One method that I like to use that is based on price action is to watch how banks accumulate shares. The accumulation stage of trading is when the price action is a bit choppy. It's not going to much up or down and it always reverts back to a central trading range. Many traders do what is called range trading during these times of consolidation.





What I like to do instead is follow all the false starts. A false start is when the price action start to make an acute move up or down. Normally when this happens, a banks is either buying or selling. They are also often times trying to fake out their competitors (you and I) to jumping onto a false move. When enough people jump onto  a false move these fake outs gain temporary momentum. The institutional traders know that this  movement in price can't last so they start to take the opposite side of the trade and when the price corrects itself and everyone is selling our buying off in fear or greed, the institutional trader who started this fight collects a ton of pips.





An indicator could not provide you that type of insight.

Forex Trading Tips To Help You Get Started

Forex Trading Tips To Help You Get Started

Have you ever thought about becoming a Forex trader? You could become a successful trader as long as you are ready to work hard and educate yourself about Forex. Go over the following article to learn more about Forex trading and the efficient strategies you can use to get started.



The best way to become a successful Forex trader is to educate yourself about efficient trading strategies. You can easily learn everything you know about Forex thanks to the Internet. Purchasing educational material is a good option but you need to choose material developed by professional traders.



Practicing with a demo account is an excellent way to get some experience without losing money. You should learn more about different brokers and purchase a demo account from a reliable one. Using a demo account will give you the possibility to make very small investments or to practice on a virtual trading platform.



Start a trading journal. You should record your progress at the end of each trading session. This is the best way to get an idea of how much you are earning thanks to Forex. If you notice that you are actually losing money on the long term, try identifying the mistakes that are costing you money.



Do your best to follow the trend. You will get better results if you limit your risks, for instance by not going against the trend. You should not go against the trend until you have more experience and know enough about Forex to recognize a situation where going against the trend is justified.



Use stop loss orders to secure your profits and limit your losses. You can set these limits when you invest on the Forex market to automatically get rid of an investment once it reaches a certain value. You should have a stop loss order that corresponds to the profit you were expecting and a second that will allow you to get your money back.



Try not to tied up all your funds. Investing all your available funds at once is not a good investment strategy. It is best to invest only a third of your available funds so you are not taking the risk of losing everything you have. If you use leverage rates, make sure you have enough money in your account to cover what you could lose.



Approaching Forex as a quick and easy way to make money is definitely not a good strategy. A very small percentage of traders manage to earn a profit thanks to Forex since a wide majority of users think that Forex will allow them to earn a high income with very little effort. You can significantly improve your chances of becoming a successful trader by taking Forex seriously and taking all the time you need to learn about efficient trading strategies.



These Forex trading tips will help you become a successful trader if you are ready to work hard. Apply the tips you just read and do more research on Forex trading.

Forex Watch The Tricks That The Banks Play

Forex Watch The Tricks That The Banks Play

I have named this article, " Watch the tricks that the banks play." If you have noticed, the Forex market is a trillion dollar spot market and the bulk of that money is not coming from retail traders like you and I. It's not coming from a bunch of guys who discovered Forex trading over the Internet. The majority of the money, something like 99% of it, comes from huge global banks and businesses. These global banks and businesses are the true rulers of the Forex market. When you see a price move in the Forex market, it is because one of these big dogs is making a move.





Many new and some old traders never truly learn what they are up against. They falsely believe that all they need to do is learn a few things and use the right indicators and they will be golden. They are gravely wrong in this belief. What they really need to learn is what the price action says about these large banks and businesses. If you can't read price action, then you will always be a rookie trader who only wins due to chance and the upside of variance.





Stop leaving everything up to change and do what the pros do. The pros follow what the banks do but following the banks isn't always easy because Forex is a zero sum game. A zero sum game is where one person has to lose for the other person to win. How does this relate to watching the trick that the banks play? This relates because when a big money player needs to buy or sell a huge amount of currency, they can't simply do it at one time, they have to do it in micro-steps. These micro-steps are why you see so many fluctuations during the mostly quiet times of trading.



If these banks were to try and buy a currency pair at one time, the other banks would put up a fight and try to make sure they pay a higher price. This is part of the gamesmanship of trading. These banks have to figure out how to put on their trades without anyone notice.





Banks like to buy when the market is either at tops or when it is consolidating. When a trade spins around on you that looked like it was moving in a specific direct, you just got caught up into one of the banks tricks. They often set up false run ups in price to have the novices lose their money, they are always trying to take your money.





If you spend enough time watching price action, you will develop a feel for what the banks are doing. You will see how they accumulate during consolidation and take profits during expansion. Once you know what to look for, it becomes fun to see the trick and tactics that they use to make money and that they use to set other traders up.