Software/Platform recommendations for beginner

Rev7

Newbie
5 0
Hi,

I was wondering whether anyone could recommend a platform for starting to trade, that'll provide me basic charting and possibly paper trading. I'm based in the UK.

Many Thanks
 

J_C_Anderson

Active member
114 17
Hi,


Pay attention to the TWS, provided by Interactive Brokers. It has lot of useful features and charting tools. One of the best things it has is an advanced news screener allowing to scan the broad feed. It has a mobile version too.

If you need something to backtest, you can try free backtesting software, you can look at built-in Tradingview tester or Forex Tester.
By the way, TradingView is a good charting tool also.
 

Pat494

Legendary member
13,490 1,331
Hi,

I was wondering whether anyone could recommend a platform for starting to trade, that'll provide me basic charting and possibly paper trading. I'm based in the UK.

Many Thanks
If you are just starting out with only a small wedge then I recommend MT4 and its sister MT5.
Both free and has adequate charts, demo etc.
 

Rev7

Newbie
5 0
Thanks Pat
 

HobbyTrader

Junior member
16 0
You can also try NinjaTrader. Seems to be what everyone I know uses. But MetaTrader is also pretty good. Don't think you can go wrong with either.
 

T-Rex68

Newbie
6 0
If you are just starting out with only a small wedge then I recommend MT4 and its sister MT5.
Both free and has adequate charts, demo etc.
Pat494 good morning. Is it MT5 good also for paper trading?
.....it looks also impossible to install on the MacBook (only usable online) Thx
 

cantagril

Senior member
2,127 472
Pat494 good morning. Is it MT5 good also for paper trading?
.....it looks also impossible to install on the MacBook (only usable online) Thx

If you're really just starting out and have zero experience, I'd suggest a demo account with one of the simple web-based platforms below, or similar. Functionality and range of instruments are limited but spreads are not bad and the interface is reasonably clear and intuitive....and the demo doesn't expire, I think. When you've got the hang of things but don't like the idea of being able to lose too much money then you can go live with a nano account at (say) FXCM where you can trade for real moolah but at only 10p a pop....they also do a practice account.

https://www.financialspreads.com/
https://coretrader.corespreads.com/

https://plus.fxcm.com/login/
 
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T-Rex68

Newbie
6 0
If you're really just starting out and have zero experience, I'd suggest a demo account with one of the simple web-based platforms below, or similar. Functionality and range of instruments are limited but spreads are not bad and the interface is reasonably clear and intuitive....and the demo doesn't expire, I think. When you've got the hang of things but don't like the idea of being able to lose too much money then you can go live with a nano account at (say) FXCM where you can trade for real moolah but at only 10p a pop....they also do a practice account.

https://www.financialspreads.com/
https://coretrader.corespreads.com/

https://plus.fxcm.com/login/
thank you!!!