Anyone have experience with forex trading program?

Question

Anyone have experience with forex trading program?

Answer 1

Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.

Here is a free site that shows what has happened after economic news releases:

http://www.forexnewspatterns.com

Answer 2

Forex is one of the most dangerous markets to be investing in. What's worse.... brokers that make it seem "easy" and above board.

Consider this a sweet invitation to lose your money!

(it takes years to learn and be profitable in Forex. 96% of

all new traders lose their accounts in the first 3 months. Another 3% will lose it in a year.  FX trading is hard work that takes a lot of training).

Answer 3

I have heard some great things about the NetPicks online system.  Check it out, http://www.netpicks.com, I think this will be a great program for forex trading.

Answer 4

i use Etoro, its always been the best and still is the best. I wouldnt trust any of the new ones.

http://www.etoro.com/B32_A4731_TClick.as...

Answer 5

Here's a little tip I have when selecting a trading system.

What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund; there's literally no risk when buying one.

If you're interested I found reviews of the top 3 Forex trading systems: http://forex-tracer.the-perfect-solution...

Answer 6

Yes, but I have designed the software myself so its not something bought. I think that most programs out there dont work because if they did their owners would use them or sell them for millions to fund managers. If they are sold for $100 bucks a month, it means they are prob worth $0 a month. My advice is to learn the market yourself. No one is gonna care more about your success than you. And if you want a program get one that pays based on a percentage of your profits not a flat monthly rate. I think thats the only way I would trust them.

P.S.  Alice has said mentioned above 200:1 leverage, that is by no means a good thing. FX is trillion dollar market so 200X your cash is still no where near enough to put any "pressure" on any one esp the banks with billions LOL. It will only put pressure on you and your account through inevitable drawdowns. You can only use about 20X or less leverage safely in my personal experience,

Answer 7

Dear friend,

I am trading with Finexo last 2 years and i am pretty satisfied with the services. The best things i like about Finexo is :

1. Leverage ratio: 1:200 which is quite manageable as high leverage will lead to greater pressure on traders.

2. Rolling charges are quite low compared to other platforms. Also they charge different rates depending on gaining or losing position which is good for traders.

3. Easy deposit and withdrawal facilities.

4. Great fund managers controlling my accounts very well, specially when i am out of trading for some days.

5. 24hr customer services available. can have live chats directly through Finexo sites.

6. at the last, Very well timed forex alerts and tips in order to derive profit through those news.

there are some more features which are very well formed and helpful but the above are my favourite.

Answer 8

Yes I certainly do have friend. For many years now and I believe without a shadow of doubt that the best forex trading platform is easy-forex. It simply is the best, I have tried many others, even left easy-forex at times but I always end up coming back. Its good for many reasons, a few of them are as follows:

-Start trading with as little as US$50 No hidden costs, Competitive spreads

-Credit Card use for instant Deposit Special Terms for frequent traders

-Guaranteed Stop-Loss Rate No download of software

-Freeze the Rate you see (Freeze&Trade) Live Quotes, real-time

You could register for an account here:

http://www.easy-forex-uk.com/

-I believe once you have signed up you even have the option to trade in a 'demo account' with no real money involved!