Does it matter which Forex Trading Software you use while Trading?
Paying for a Forex Trading Platform or for any Forex Trading Software is not always the best thing to do. Yes, we all prefer free stuff, but when it comes to platforms off of which you are supposed to make money, free doesn't sound that trustworthy. For some reason we trust a piece of software more if we have to pay for it and the more we pay they more professionalism and quality we expect from it.
What's the difference between a broker free Trading Platforms versus a Professional one?
• the tools offered
• the flexibility of the software
• updates on the market
• last second news that influence the Forex market
• customer service - quick and reliable
• broker professionalism
• summarization of the necessary information for trading
• fast buy/sell button
New brokers usually offer free trading platforms as they do not have a established clientele and they know the easiest way to get customers is by giving something for free.
MetaTrader 4 is a free platform that you can download off the internet and use it. It is easy to learn how to use it and it has all the tools you need as a Forex Beginner.
Just do not let yourself fooled by a money eager broker and open a real account with your own money before you play with a demo account.
Every broker should offer you as many demo accounts as you need. Those account are a little bit different from a real account, but the methodology is the same - there's just a difference in timing and fees.
But you can try different Forex trading strategies in a demo account and if they don't work for you, then that strategy will surely not work for you in a real account. So, use this practice account to make the buy/sell process automatic.
It has to become second nature to you. In real trading you do not have time to think about which button is for sell, which is to buy, how to set stops and so on. Little mistakes like this can cost you a lot of money. So, use your demo account to make those frequent functions automatic.
Once you become a professional trader, then you can start looking into a professional trading platform. There's no need to do it ahead of time. It’s like buying a race car and the whole outfit when you don't know for sure if you really like racing.
Any Forex Successful Trader will point you in the right direction if you ask them. Once you join their community they will share with you the platform that they are using, the tools and all the necessary software that help them trade on a daily basis and do so profitably. If it works for them it will also work for you. Trust them and most of all trust yourself.
You are going to find a lot of Forex Trading Software that will promise you to do all the trading for you. If that would really be the case, who would trade? We would all be enjoying all our money made by that specific software while on vacation around the world with our family. That kind of software clearly does not exist, so don't let yourself fooled by any promise like that. Forex market signals are offered all over the internet and they make it sound like once they send you a signal, you buy or sell whatever they tell you at the level they tell you and you make a sweet profit. But who are they? Other traders? And why should you trust other traders that work for a salary to tell you what to do with your own money?
Think for yourself, trust yourself and you'll do the right thing. You can try multiple software and tools and decide for yourself which one works best for you. It can be a combination of 2 or 3 or more. Don't make it too complicated.
Sign up to a Forex Successful Trader Live Training room and you will quickly find out the only software and tools you need to become a profitable trader. Get your Profit Protection System for free once you enroll and see your trading skill take off to a new level.
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