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What Forex money mapping (software) should I use?
I wish to know where is the best place to study forex charts. Which is; what software or platform should I use to start using Forex tools (such as Fibs, averages, lines etc.. ) can anyone suggest me?
Moreover I am searching for a free software I am still a beginner and I don’t want to spend 5000dollars on FX money mapping. I also tried on eToro and ForexTrader Pro but I though someone could suggest me better opinions.
average lines
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LikeDislikeIf you’ve got a good broker… you shouldn’t need to buy software. GFT, FXCM, InterbankFX and a very few others can.
Learn Technical Analysis. Understand the importance of risk management (there is nothing more important). Work on what risk management techniques you’ll employee with position sizing techniques.
Take 6-12 months to do the above before investing one dime.
Special note: Paper trading results are never (never ever) an indication of how well you’ll do.
You may want to take a few years to do stock trading (much, much easier).
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LikeDislikeThe best platform to use is the metatrader 4, it has good charts and everything about this software is explained under the metatrader 4 help button, including how to attach fibs, moving averages and trend lines on the chart.
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LikeDislikeIf you are looking for the best software to start trading forex, try fapturbo
This software is the best software that can help increase your trading profit
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LikeDislikeYou can watch these 5 free videos that helps explain forex and how and where you can get started.
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LikeDislikeDaniel,
If you are someone new to this whole Forex trading things, then it is best for you to get free education first. There are several great sites where you can find these free yet quality trading lessons. Here are some of them;
http://www.babypips.com
http://www.forexfactory.com
If you think you already know about the basic and you want to get more like great trading technique, you can always try these sites below;
http://www.winnersedgetrading.com
http://www.forexmentor.com
They are a subscription based education sites for trading currency which I think the best in the industry.
And if currently, you are looking for the best Forex Broker to join with, For me there are several brokers that is good, like the;
http://www.oanda.com
http://www.fxcm.com
http://www.mbtrading.com
Hope this help
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LikeDislikeFor software, choose Metatrader 4. The most user-friendly forex software and the most popular among traders.
To chat with forex traders, visit http://babypips.com and http://forum.mabico.com
To open demo account, try Forex-Metal broker http://forex-metal.com because they have very friendly support.
And remember: never invest more than you can afford to lose.
Good luck!
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LikeDislikeMetaTrader4, hands-down the most popular trading platform for Forex traders. And most brokers provide it for FREE!
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