Best forex trading platform for a newbie?
- Thread starter Wach80
- Start date
I can say that MT4 is good and stable software, and the main thing - it's secure! that's why practically all brokers offer this trading platform. There are lots of means for analysis and everything to trade with comfort.
You can even write your personal strategy there (look at the programming function). Some traders don't like mt4, but I think it's the best software ever.
You can even write your personal strategy there (look at the programming function). Some traders don't like mt4, but I think it's the best software ever.
I like MT4 too. They say there are some new and comfortable platforms, but I'm used to MT 4 too much for ending my work with it
It has everything for a trader.
I would also vote for trying MT4 as it is relatively easier and more user friendly, rest i guess many of us already have their own choices but i also like using MT4 for its convenience and ease of use.
MT4 is without question, far and away, the worst non-web-based platform I've ever used.
It's buggy, clunky, unreliable, nasty, and it also displays many indicators incorrectly.
It's popular partly because it's the main (and sometimes the only) option offered by offshore, lightly-regulated/unregulated counterparty market-makers pretending to be brokers, who promote themselves relentlessly to very naive and gullible newbies likely to be of a gambling mentality because they're attracted by dangerously high leverage and bonus offers. Those are exactly the traders those outfits' business model depends on attracting, and they attract them very successfully.
Accordingly, MT4 is very widely used by "hobby traders" with little experience, very little understanding, and typically wild dreams of what they can achieve and how quickly.
It's extremely unpleasant and unreliable, and has hardly changed at all for about a decade (that in itself might tell you something).
I recommend SierraChart or NinjaTrader. (Ninja has occasional problems, too, but is still in a whole different league from MT4).
That fact also probably tells its own story, when you look at the overall success-rates in retail forex-trading. For some of us, that would be, if anything, an additional reason to avoid it.
It's buggy, clunky, unreliable, nasty, and it also displays many indicators incorrectly.
It's popular partly because it's the main (and sometimes the only) option offered by offshore, lightly-regulated/unregulated counterparty market-makers pretending to be brokers, who promote themselves relentlessly to very naive and gullible newbies likely to be of a gambling mentality because they're attracted by dangerously high leverage and bonus offers. Those are exactly the traders those outfits' business model depends on attracting, and they attract them very successfully.
Accordingly, MT4 is very widely used by "hobby traders" with little experience, very little understanding, and typically wild dreams of what they can achieve and how quickly.
It's extremely unpleasant and unreliable, and has hardly changed at all for about a decade (that in itself might tell you something).
I recommend SierraChart or NinjaTrader. (Ninja has occasional problems, too, but is still in a whole different league from MT4).
That fact also probably tells its own story, when you look at the overall success-rates in retail forex-trading. For some of us, that would be, if anything, an additional reason to avoid it.
Then how can you possibly judge or compare?! The thread was started by someone who wants advice about which platform to use. How can someone who has only ever used one of them offer him helpful advice?
But what if my broker uses just MT?Then how can you possibly judge or compare?! The thread was started by someone who wants advice about which platform to use. How can someone who has only ever used one of them offer him helpful advice?
I am used to it already but I don't know if it's possible to use other platforms? Can I trade with that broker with the other platform or is it forbidden?