FX Platform

[cr8aig]

Hi All,

Whats the best FX Trading platform to use for a beginner ??
I could do with a little info as I am new to trading.

Thanks for any help.

 

[Liquid validity]

Hi All,

Whats the best FX Trading platform to use for a beginner ??
I could do with a little info as I am new to trading.

Thanks for any help.

Oanda demo
Unlimited demo - use it to get an idea of how
the whole process works.

Don't be tempted to use any real money until you've grasped the basics.
Stay on demo for at least 3 months or until you are profitable.
When you do trade live use absolute minimum trade size allowed to get used to it.
In the meantime, check all the links here on books to read etc.

 

[Liquid validity]

Actually, my reply is a bit light on info,
read this as well:
http://www.trade2win.com/boards/psy...on-sizing-compounding-keys-magic-kingdom.html

And this, aimed at stocks, most of it still applies to FX:
http://www.trade2win.com/boards/new...e-info-clarifications-short-term-trading.html

Books:
Market Wizards: Interviews with Top Traders: Amazon.co.uk: Jack D. Schwager: Books
http://www.amazon.co.uk/New-Market-Wizards-Conversations-Americas/dp/0887306675
Hedge Fund Market Wizards: Amazon.co.uk: Ed Seykota, Jack D. Schwager: Books

 

[cr8aig]

Actually, my reply is a bit light on info,
read this as well:
http://www.trade2win.com/boards/psy...on-sizing-compounding-keys-magic-kingdom.html

And this, aimed at stocks, most of it still applies to FX:
http://www.trade2win.com/boards/new...e-info-clarifications-short-term-trading.html

Books:
Market Wizards: Interviews with Top Traders: Amazon.co.uk: Jack D. Schwager: Books
The New Market Wizards: Conversations with America's Top Traders: Amazon.co.uk: Jack D. Schwager: Books
Hedge Fund Market Wizards: Amazon.co.uk: Ed Seykota, Jack D. Schwager: Books

Thank you very much for all your advise. I signed up for a demo account but it only lasted for one month so will be looking at the unlimited one you have suggested.
Thank you

 

[DitterPD]

I would add that there is no difference which to use, just demo. Do quick search "Forex demo account" and you may open demo accounts at different brokers.

After you will acquire enough knowledge through demo experience, demo testing and additional information from books, articles your next step will be to do due diligence and choose broker to entrust your first deposit.

 

[Liquid validity]

I would add that there is no difference which to use, just demo. Do quick search "Forex demo account" and you may open demo accounts at different brokers.

After you will acquire enough knowledge through demo experience, demo testing and additional information from books, articles your next step will be to do due diligence and choose broker to entrust your first deposit.

Most are time limited though - usually 2 weeks.
Oanda has no time limit, so is ideal for this purpose.
Probably the easiest entry point there is to dip a toe.

 

[robertofx]

Hi All,

Whats the best FX Trading platform to use for a beginner ??
I could do with a little info as I am new to trading.

Thanks for any help.

I think best and easy platform is Mt4 platform

 

[DitterPD]

Most are time limited though - usually 2 weeks.
Oanda has no time limit, so is ideal for this purpose.
Probably the easiest entry point there is to dip a toe.

Do Google search "top FX brokers" or something similar and don't over-think it. Just start trading.

As I told you the hardest part will come later, when you'll start choosing reliable broker!