Which platform to use?

This is a discussion on Which platform to use? within the First Steps forums, part of the Reception category; Hi, I got into day trading by accident a few weeks ago. Someone told me to download the Plus500 app ...

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Old Dec 30, 2017, 6:26pm   #1
 
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Which platform to use?

Hi,

I got into day trading by accident a few weeks ago. Someone told me to download the Plus500 app and use the start up bonus to buy shares in Ripple as they were about to rise sharply (which they did), but then Plus500 closed me down. I got a tidy profit but was a bit miffed as I thought they were actual long-term shares. Glad of it now though as that's how I got into buying and closing (sometimes after a couple of minutes and sometimes after a couple of days, depending on when they rise). I've made a few rookie errors, but getting the hang of things now .. managed to turn £100 into £800 last week.

Anyhoo, my question is .. which trading platforms are everyone else on here using? I've been reading some really bad reviews about Plus500 and worried about staying with them if I'm going to be making a decent profit out of this. Or, does anyone else use them and find them to be okay?

And no, not trying to push Plus500, honest. I'm actually really concerned at the number of complaints I've been reading from people trying to withdraw large sums.

Thank you,

Lalah
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Old Dec 30, 2017, 7:06pm   #2
 
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Hi Lalah, welcome to the forum..consider your profit as beginners luck as you mentioned someone told you to buy ripple without doing any analysys yourself, The trade could of easily gone the other way and you end up loosing the £800...Like you say your a rookie at this trading game but fear not, you are in the right place to learn....Most people on here spreadbet as opposed to buying the physical stock/instruments, There are advantages and disadvantages to both. I would suggest signing up to a free demo platform with a spread bet broker to find your feet... then after your confident go live with your hard earned cash..
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Old Dec 30, 2017, 8:42pm   #4
 
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Originally Posted by mike. View Post
Hi Lalah, welcome to the forum..consider your profit as beginners luck as you mentioned someone told you to buy ripple without doing any analysys yourself, The trade could of easily gone the other way and you end up loosing the £800...Like you say your a rookie at this trading game but fear not, you are in the right place to learn....Most people on here spreadbet as opposed to buying the physical stock/instruments, There are advantages and disadvantages to both. I would suggest signing up to a free demo platform with a spread bet broker to find your feet... then after your confident go live with your hard earned cash..
Yeah, I know all about going the other way too ... got burnt a few times I've made about 50 trades now and it's probably about 60/40. Hopefully the pluses will continue!

Tbh, I've not done any research on any companies. My strategy is to pick out those that are in the red, then check through their recent history. If I think the only way is up, I buy, and sell when they go into the black.
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Old Dec 30, 2017, 8:56pm   #5
 
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Apologies, I thought the ripple trade was your first trade, Well, at least your trading from a strategy..Your on the right path to success ...
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Old Dec 30, 2017, 10:52pm   #6
 
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Apologies, I thought the ripple trade was your first trade, Well, at least your trading from a strategy..Your on the right path to success ...
Yeah, it was, but I've been doing about 6 - 8 contracts a day since they closed that one down. I work from home anyway, so if something starts moving, I'm able to watch it live.

Last edited by Lalah; Dec 30, 2017 at 11:03pm.
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Old Jan 4, 2018, 10:26am   #7
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MT4/MT5, cTrader, NinjaTrader,... and so on. I prefer MT4 because it's the most popular platform in this world and millions traders are using (most at forex brokers).
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Old Jan 6, 2018, 9:11am   #8
 
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MT4/MT5, cTrader, NinjaTrader,... and so on. I prefer MT4 because it's the most popular platform in this world and millions traders are using (most at forex brokers).
okay reading above all the conversation now i am clear with the fact that it is necessary to have the platform for trading.But IT Would be very helpful if you can brief me on everything.
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Old Jan 6, 2018, 10:44am   #9
 
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The US platforms mostly expect to be paid and offer little more of any value. New add-ons and must haves are for extra lolly of course.
MT4/5 is free and good value but not so flashy.
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Old Jan 6, 2018, 1:38pm   #10
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okay reading above all the conversation now i am clear with the fact that it is necessary to have the platform for trading.But IT Would be very helpful if you can brief me on everything.
brief you on EVERYTHING?

try here...

http://www.trade2win.com/boards/new-...re-broker.html
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Old Jan 10, 2018, 11:33pm   #11
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MT4/MT5, cTrader, NinjaTrader,... and so on. I prefer MT4 because it's the most popular platform in this world and millions traders are using (most at forex brokers).
I could not agree more, the Mt4 is user friendly and can easily be navigated during usage. I know the more recent updates of platforms got great features, but sometimes it is best we start from what is known for readily available aids.
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Old Jan 11, 2018, 4:07pm   #12
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MT4/MT5, cTrader, NinjaTrader,... and so on. I prefer MT4 because it's the most popular platform in this world and millions traders are using (most at forex brokers).
As far as I know Ninja Trader is good one for the start up newbies.
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Old Feb 9, 2018, 2:13pm   #13
 
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I could not agree more, the Mt4 is user friendly and can easily be navigated during usage. I know the more recent updates of platforms got great features, but sometimes it is best we start from what is known for readily available aids.
I completely agree with you. That it is better to use the simplest trading platform for your start. I have this in mind. Its simplicity is that the AI robot for forex trading is used - it is a fully automated trading solution that will allow an average of 0.38% of the daily average or up to 10% of the monthly profit.
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Old Feb 10, 2018, 5:23pm   #14
 
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I use Mt4 platform here
https://www.forexee.com/en
It’s a reliable European ECN broker. The website is very convenient, it provides you with analytics and with the opportunity to try trading signals for free. The withdrawals are rather quick and usually take no more than 5 working days. The only downside I faced so far is the complicated registration process. But I coped with it)
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