Help needed to understand new platforms

[Findmelost]

Can anyone help me learn how to use MT4 and Ninja, or something similar? I also need a broker with tight spreads, good execution and no minimum stop order if anyone has any suggestions, but the best ones seem to use these platforms.

I've been trading for a couple of years using FXCM and their in-house platform. I really like it because it's so ergonomic, but the spreads are too lose for a new strategy I'm using. Some targets and stop losses may be as low as 6 pips. I've had a look at ninja and, for me, it's like trying to learn ancient Egyptian.

I can, of course, use FXCM for analysis and execute on another but for that I would really like to be able to see the value of each pip as I change number of lots because for my money management I only ever risk an exact percentage of my capitol.

Thanks to anyone who has taken the time to read my 'long' question it's much appreciated and so too is you input.

 

[icmarketsfx]

You can easily find basic tutorials of MT4 and Ninja Trader on youtube.
My recommendation will be IC Markets True ECN broker because it has tightest spreads in the market and there are no trading restrictions. Scalping, Hedging, EA Trading is allowed and 0 stop loss limit.

 

[Findmelost]

You can easily find basic tutorials of MT4 and Ninja Trader on youtube.
My recommendation will be IC Markets True ECN broker because it has tightest spreads in the market and there are no trading restrictions. Scalping, Hedging, EA Trading is allowed and 0 stop loss limit.

The problem I have with IC Markets is, they seem too good to be true. Does anyone have experience with them and cash withdrawals in the UK. On-line reviews are mixed. Responses on this thread are from Pakistan not Australia.

 

[icmarketsfx]

The problem I have with IC Markets is, they seem too good to be true. Does anyone have experience with them and cash withdrawals in the UK. On-line reviews are mixed. Responses on this thread are from Pakistan not Australia.

Why you need a response from Australia ?
Choosing a broker should not be a problem in UK. LMAX Exchange is number one choice of gamblers. I am sure other guys will confirm it for you.

 

[Jason Rogers]

I've been trading for a couple of years using FXCM and their in-house platform. I really like it because it's so ergonomic, but the spreads are too lose for a new strategy I'm using. Some targets and stop losses may be as low as 6 pips. I've had a look at ninja and, for me, it's like trying to learn ancient Egyptian.

Hi Pete,

Welcome to Trade2Win

I'm glad to hear you're a fan of FXCM's Trading Station platform. Have you already considered our Active Trader and DD pricing options? Either way, there would be no restrictions on how close you could set your profit targets and stop losses.

Feel free to shoot me a PM if you'd like discuss these options in further detail.

 

[fxways]

I would not use the trading interface from a broker as they not only see your positions and your trade configuration but also can track where your mouse is and what you are about to do...

 

[billyjean]

from what I experience with my current broker Armada Markets, this one are suit your need, 0 stop level means you can modify your current order as near as possible to the current market price, same goes with limit/stop order. low spread on eurusd i've got 0.7 pips spread including commision charged. have a good entry trading execution. it happen you have same interest as same trading strategy used, scalping! enlighten me if i'm wrong. i've my scaping EA works well with their trading condition, often do lot of trades executed each month, this where spread are matters, need to put as low as possible fee for each transaction. contact me anytime for any occasion, including share thought about trading performance.

 

[Trader-Paul]

Hi FindMe,
I'd like to add my 2 cents to the thread.

Walk away from MT4 - it's not fun to learn or use and its designed to help the broker not the trader.
Instead I'd highly recommend using the cTrader platform - it's easy to learn, easy to use and designed with the trader in mind and so has complete transparency in the trade process built in.
It's also an ECN platform with an active and friendly developer community.

Hope this helps,
Paul.

 

[gerryg]

Hi FindMe,
I'd like to add my 2 cents to the thread.

Walk away from MT4 - it's not fun to learn or use and its designed to help the broker not the trader.
Instead I'd highly recommend using the cTrader platform - it's easy to learn, easy to use and designed with the trader in mind and so has complete transparency in the trade process built in.
It's also an ECN platform with an active and friendly developer community.

Hope this helps,
Paul.

I don't like Ctrader, despite the fact it has much more appealing look and modern interface than MT4. Not an easy thing to make such substantial change after 3 years of trading on MT4. Maybe it is a matter of habit or personal requirements, cause I couldn't find some features in Ctrader that Mt4 has.

 

[Pat494]

As the competition amongst brokers for your " hard earned " hots up, they will have to help their clients more with better spreads and analysis.