Analysis with different close prices

[wmd]

hi guys,

I'm still learning FOREX and come across something that I have not been able to solve searching Google. I'm running FxPro MT4 terminal and the current EURUSD close price is marked at $1.4315, yet on FOREX.com it is marked at $1.4320 and again Yahoo finance is at $1.4321. I know it is because there is no central exchange that brokers can manipulate the prices but what about for analysis? If you were analyzing EURUSD would you just rely on the closing price from your own trading platform or would you use a more reputable (if that exists) source? And would differentiating closing prices affect your conclusions?

Thanks,
Will

 

[Rhody Trader]

If you system or method is highly sensitive to small variations in closing price then you should use the data series you'll be trading. Otherwise, it likely won't matter much.

 

[wmd]

Ok cool, I guess I should stick to FxPro Mt4 for now since that's what I am trading with.

 

[Joseff]

Ok cool, I guess I should stick to FxPro Mt4 for now since that's what I am trading with.

They also have another platform for ECN accounts.