Forex is a good platform

shanellcox said:
That’s your call. I personally have swapped to MT5 because of the advanced features than its predecessor. It’s much faster, has multi threads, the times & sale exchange data is available. Other than these, there are more technical indicators, graphical objects, and timeframes available. Apart from MT5, I’m also trading with ActTrader Platform offered by fxview, but I'm still on the demo account stage with that.
More...
All these points are correct but somehow I returned to MT4 after spending a few months trading with MT5. It was just too complex for me.
 
Another advantage of it for novice Forex traders is the abundance of technical analysis tools. As the first retail Forex provider
 
Forex is a good financial market to make money but we should first ensure that we must have good knowledge and skills to become successful. If you lack knowledge then before a proper start you must learn the basics of it.
 
Coner1980 said:
Forex is a good financial market to make money but we should first ensure that we must have good knowledge and skills to become successful. If you lack knowledge then before a proper start you must learn the basics of it.
More...

sounds like the bot talking.

are u a bot?
 
Launcepeter said:
All these points are correct but somehow I returned to MT4 after spending a few months trading with MT5. It was just too complex for me.
More...

There was also a desire to use the new platform, but I decided to stay on MT 4 anyway, as I consider it more reliable.
 
For me, forex is a cheap and low risk introduction to trading more complex and more varied markets. I know forex is not often regarded as either cheap or low risk - let me explain.

I am in the UK. So my risk of fraud by a broker is negligible, we all have client funds protection, segregated accounts and negative balance protection.

Spreadbetting with brokers is legal here and tax-free.

Brokers offer very small position sizes. For example, I can trade GBP/USD at £0.1 per 0.1 of a pip. This would require about £40 of margin.

Or to compare with other instruments, daily ATR14 on GBP/USD is currently 0.00745. So a stop-loss at 1 x ATR14 from my entry with a minimum size position would entail a capital loss of just £7.45p.
 
Forex is good platform, right. But It's also a risky platform for earning money. 90% forex traders lose thair money in forex. Only 10% ca success in forex.
 
You must log in or register to reply here.
Back
Top