It’s astonishing how many forex trading platforms are being sold right. There are so many of them that I have lost count. It must be really tricky having to pick one from all those that are available. Let me make it easy for you. Just pick the free one. When you’ve got platforms like Metatrader readily available, there is no reason to spend a dime on a platform.
I can’t help but shake my head when I read about the money that traders are spending on platforms like TradeStation and E-Signal. I guess traders feel like all those bells and whistles are worth it. But the truth is you don’t really need them.
With all the toys that these platforms provide, you may feel like you are getting a lot of bang for your buck. But trading isn’t about the toys. It’s about having a strong comprehension of the market.
Just because you have thousands of indicators at your disposal, it doesn’t mean you are going to make money in the forex market. Don’t you think that if lagging indicators were really useful, there would be a higher percentage of winning traders?
Just because the indicators may look pretty on your charts, it doesn’t mean they provide any kind of service. This is the reason you should be spending hundreds of thousands of dollars on forex trading platforms. The simpler you make trading, the better off you are going to be. Stick to a simple bar or candlestick chart. I think you’ll be pleasantly surprised with what you see.