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  • The Top 8 Trading Platforms to Trade Forex in 2019
  • Of Freezing and Deductions: TraderXP and Their Sketchy Techniques
  • Unyielding and Unfair: Horror Stories You Should Hear About Stockpair
  • Must-Know Qualities: How Do You Spot a Good Investment Broker?
  • Forex Tips: What You Should Always Remember
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  • November 18, 2018 Tom Thompson 0
    Of Freezing and Deductions: TraderXP and Their Sketchy Techniques
    We are thankful that many came forward and shared their own Stockpair...
    Investments Trading Warning 
  • October 11, 2018 Tom Thompson 0
    Unyielding and Unfair: Horror Stories You Should Hear About Stockpair
    While there are some trading software and platforms that have done their...
    Trading Warning 
  • September 12, 2018 Tom Thompson 0
    Forex Tips: What You Should Always Remember
    When it comes to making investments or choosing options, platforms, there are...
    Investments Trading 
  • August 29, 2018 Tom Thompson 0
    Any Options Tips: How You Can Maintain Your Course Well
    Welcome back to Eztrader Ervaring! We’re here with another discussion about Forex...
    Investments Trading 
  • August 15, 2018 Tom Thompson 0
    Understanding Basics: What is “Forex Introducing Broker”?
    In the world of investments, staggering amounts of money, and potential losses,...
    Forex Trading Trading 
Of Freezing and Deductions: TraderXP and Their Sketchy Techniques

Of Freezing and Deductions: TraderXP and...

November 18, 2018 0
Unyielding and Unfair: Horror Stories You Should Hear About Stockpair

Unyielding and Unfair: Horror Stories You...

October 11, 2018 0
Must-Know Qualities: How Do You Spot a Good Investment Broker?

Must-Know Qualities: How Do You Spot...

September 26, 2018 0
Forex Tips: What You Should Always Remember

Forex Tips: What You Should Always...

September 12, 2018 0

Forex Trading

  • laptop - Understanding Basics: What is “Forex Introducing Broker”?

    Understanding Basics: What is “Forex Introducing Broker”?

    August 15, 2018 Tom Thompson 0
    In the world of investments, staggering amounts of money, and potential losses, it is always important to make sure that you know certain concepts that may now be considered to be basic information. For today’s discussion, we’re referring to the concept of the Forex and Binary Options Broker....
    Forex Trading Trading 

Trading

  • screen - Of Freezing and Deductions: TraderXP and Their Sketchy Techniques

    Of Freezing and Deductions: TraderXP and Their Sketchy Techniques

    November 18, 2018 Tom Thompson 0
    We are thankful that many came forward and...
    Investments Trading Warning 
  • mobile stats - Unyielding and Unfair: Horror Stories You Should Hear About Stockpair

    Unyielding and Unfair: Horror Stories You Should Hear About Stockpair

    October 11, 2018 Tom Thompson 0
    While there are some trading software and platforms...
    Trading Warning 
  • graph - Forex Tips: What You Should Always Remember

    Forex Tips: What You Should Always Remember

    September 12, 2018 Tom Thompson 0
    When it comes to making investments or choosing...
    Investments Trading 
  • man - Any Options Tips: How You Can Maintain Your Course Well

    Any Options Tips: How You Can Maintain Your Course Well

    August 29, 2018 Tom Thompson 0
    Welcome back to Eztrader Ervaring! We’re here with...
    Investments Trading 
  • laptop - Understanding Basics: What is “Forex Introducing Broker”?

    Understanding Basics: What is “Forex Introducing Broker”?

    August 15, 2018 Tom Thompson 0
    In the world of investments, staggering amounts of...
    Forex Trading Trading 

Latest Posts

The Top 8 Trading Platforms to Trade Forex in 2019

December 11, 2018December 11, 2018
download metatrader5 pc - The Top 8 Trading Platforms to Trade Forex in 2019

When it comes to trading Forex, the details can be a rather daunting undertaking. Unfortunately there are many (especially new) traders who are interested in making a small fortune in a relatively short amount of time.However, those who are familiar with the FX market will understand that this is a highly unlikely scenario.  It would require a massive amount of risk to achieve such accomplishment, and that amount of risk often times leads to traders losing all of their capital. Being successful in Forex trading takes a good deal of experience, knowledge and patience.

Fortunately, there is a great deal of information available when it comes to items such as; beneficial trading tips and the differences between the various trading platforms that are available. In this article,we’ll take a look at some of the best FX trading platforms in the coming year. We hope this article will provide you with some insight and a foundation to help you begin your FX trading career or, if you are already an FX trading veteran,making a decision of whether to stay with or change your current Forex platform.

MetaTrader 4 (MT4)

metatrader4 devices v2 1024x342 - The Top 8 Trading Platforms to Trade Forex in 2019

MetaTrader 4 is a Forex trading platform that is utilized for Forex trading, making use of expert advisors and trading within the charts. In addition to these functions, MT4 also provides mobile trading and other useful trading tools. Some of the benefits the MetaTrader 4 platform include:

  • The use of technical indicators along with interactive charts for financial analysis quotes
  • You can add virtual hosting that aligns directly with the platform at a economical price
  • Test results from robots that indicate their effectiveness
  • The ability to assess trading algorithms by being to test robots in “visual mode”
  • Access to literally thousands of free/downloadable robots that are published in its Code Base
  • Chart appearance customization along with supports and a flexible trading system
  • Use its Trading Signals Service to copy the deals of those who have had success trades
  • Favorable marketing condition alerts

MetaTrader 4 also supports mobile trading which is indispensable when you find yourself away from your primary computer. Whether you’re using a tablet or a Smartphone, you’ll have the ability to access trading on MetaTrader 4 using an Android or iPhone/iPad device. You’ll be able to utilize all of the platform’s different functions which include; technical indicators, analytical functions and all of its different graphical features.

These are some of the reasons that MetaTrader 4 is one of the most popular Forex trading platforms available and will continue to be so in 2019 as it’s considered an industry standard.


MetaTrader 5 (MT5)

download metatrader5 pc 1024x563 - The Top 8 Trading Platforms to Trade Forex in 2019

MetaTrader 5 is a some what different variation of MetaTrader 4. While MT4 has been designed to be used for Forex trading, MT5 has been specifically designed for traders who desire access to stocks, futures and CFDs.

While it’s unlikely that you’ll find a broker who doesn’t offer trading through the MT4 platform, MT5 is a bit less commonly available. This is the case, even though both MT5 and MT4 come from the same company; The MetaQuotes Software Corporation, which is based in Cyprus). But, in order to understand this, let’s take a closer look at this platform.

First of all, MT5 was made available approximately five years prior to MT4. By that time, MT4 was already a popular trading platform. Another issue was its unfortunate name, which led many traders to think that MT5 was an updated and improved version of MT4,which couldn’t be further from the truth.

Even though MT5 has a similar look and feel to MT4, MetaTrader 5 was designed to accomplish certain tasks that MT4 was unable to support. In other words, MT5 was designed for a different market,altogether. MT5 is designed for market trading in stocks and commodities which is very different than trading exclusively in Forex. Keep in mind that Forex is a decentralized market. This means that it involves some major entities that provide liquidity at slightly varying prices into the Forex market.

Commodities and stocks are traded through a process that is centralized prior to anything exchanging ownership,according to legal restrictions. It has been speculated that the parent company(MetaQuotes Software Corporation) may have determined that there would be a major increase in commodities and retail stocks. Thus, they created software that fit the bill.

So, for those who want to know which is the best trading platform for their needs (MT4 or MT5), just remember that as far as functionality, convenience and features are concerned, MT5 is pretty much the same as MT4. However, MT5 is designed to work with non-Forex markets more effectively, such as commodities and stocks.

cTrader

2e108b376fe5a0b9705eec4ae52c712e02e4f74f - The Top 8 Trading Platforms to Trade Forex in 2019

The cTrader platform offers an interface that is user-friendly and can be customized from a large number of detachable charts and various pre-sets. This makes the platform useful for just about any trader requirements. It can allow for the flexibility needed in a rapidly changing market in order to efficiently manage a trader’s positions.

Some of the benefits offered by this platform are:

  • A large number of back testing facilities
  • A cutting edge user interface with advanced charting ability
  • A dedicated platform for auto-trading
  • Charts that are detachable
  • Level II pricing
  • Designed for traders of any level

A trader’s; Take Profits, Stop Loss and Pending Orders can be set to be triggered the second consecutive price, the opposite side and even the consecutive opposite price. This can protect the trader from erroneous prices. 

The advanced Take Profit capability can be utilized at multiple levels in order to scale out of a position. The Stop Loss function has the ability to be set at “break-even”. In addition, the server Tailing Stops provide the ability to follow positions that are profitable. There is also a “Quick Trade” function that can modify, close or open orders with just one or two clicks from any section of its platform.This is an advantage when dealing with fast moving markets.

Trading Station (FXCM)

trading station overview - The Top 8 Trading Platforms to Trade Forex in 2019

FXCM is designed to accommodate a multitude of different trading needs. With FXCM, a trader has the option of three different trading methods without having to use multiple logins.

Trading System Mobile – With traders on the go, FXCM offers the ability to trade on mobile devices that include; tablets, Android™ phones,iPads® and iPhones®. This way, a trader can see live rates and manage/place their orders in addition to accessing charts and analyzing reports and financial news.

Training Station Web – A popular choice with FXCM traders is the Mac-friendly HTML5 Trading Station Web 2.0. This has a more user-friendly interface that traders find more intuitive.

Trading Station Desktop – This format is designed for those traders who require more advanced functionality and want a more customizable platform.This will provide a number of robust features such as; advanced back testing,detailed history and pre-loaded trading strategies.

Trading View

8d1daaa048 1024x503 - The Top 8 Trading Platforms to Trade Forex in 2019

TradingView is a Social Network that is designed to cater to investors and traders in Forex Markets, stocks and futures. But the TradingView web platform can be used for trading. For example,you can trade on TradingView live on OANDA. OANDA is a popular CFD and Forex trading broker that can accessed directly from a live account or even a demo.

In any case, a brokerage can be integrated into TradingView’s Web Platform. The brokers can then license the Trading Terminal and/or be supported on the TrainingView Web Platform. Both services can be enabled – but you would have to license each of the services separately.

The integration is a relatively simple process. In this case, the broker creates a REST Web API on their own server(s) based on TradingView’s specifications. Further technical support is then given by TradingView in order to get the trader’s TradingView Web Platform integrated.

Trade Interceptor (ThinkMarket)

93b11de505be4d280db81048e39f3a11 screen - The Top 8 Trading Platforms to Trade Forex in 2019

ThinkMarkets was originally founded in 2010, in New Zealand, but has since grown considerably. It’s now headquartered in Melbourne, Australia, with an additional office in London. It has acquired a large clientele in the Asia-Pacific region of the world – but has a presence in over 75 different countries. ThinkMarkets (full name: TFGlobal Markets (Aust) Pty Ltd.) holds an Australian financial Services license and, unfortunately, is unable to accept U.S. clients at this time.

This particular ECN broker relies on a major liquidity provider consortium in order to offer the best pricing.   This firm is regulated and authorized by the ASIC (Australian Securities and Investments Commission) with FCA oversight in the UK. It provides mobile connection with MT4 features as its standard. 

Recently they purchased the Trade Interceptor platform, which has been around for awhile and has a large user base.  It has the ability to provide an analysis of evolving trading patterns and opportunities with its advanced AI functionality. When used with Trade Interceptor, the trader will have benefits that include:

  • Up to 200 (cloud-based) notifications at no additional charge
  • 14 chart types, 50 drawing tools and over 80 indicators
  • For finding trades – a proprietary “TrendRisk Scanner”
  • Over 200 triggers and alerts (cloud based)
  • Split-screen and quad-screen chart views.

Advantage Trader (Forex.com)

Advanced streaming interactive charting - The Top 8 Trading Platforms to Trade Forex in 2019

Forex.com is designed for traders that require a substantial level of sophisticated features and advanced analytical tools. Its dashboards are highly customizable along with the ability to customize your trade preferences. It provides over 80 technical indicators,many analytical tools and drawing tool options. It also features integrated trading strategies that provide 100s of pre-defined templates.

With Advantage Trader, you have a downloadable platform that is designed for those who trade at a professional level. Its features include:

  • Trading directly from charts
  • The ability to create custom trading systems and indicators using a scripting language
  • Auto-trading that is managed by your trading system
  • 24 hour trading for those markets that are available around the clock.

As with other advanced trading platforms, you will have the ability to trade on mobile devices such as;tablets, Android™ phones, iPads® and iPhones® in addition to web-based trading,when you need more advanced functionality.


FX Trade

unnamed - The Top 8 Trading Platforms to Trade Forex in 2019

Forex.com offers a suite of trading platforms that are specifically designed to meet your trading needs.They are known to provide high performance, reliability and will allow you to customize your trading experience to meet your every trading need. In other words – they assist you in trading professionally according to your style.

FOREX.com’s desktop platform provides the currency trader with the tools that are needed when looking for both ease-of-use and an “edge”when it comes to actively trading currency. It offers:

  • Advanced charting features
  • Advanced analytical tools
  • Speed and high performance connectivity
  • Interactive charting and streaming with 100pre-defined indicators
  • Integrated trading strategies with potential exit and entry points
  • And a fully customizable dashboard

These are a few of the options that you’ll have, when choosing a Forex Trading platform. More detailed information can be acquired when you visit the websites of these trading platforms.

Of Freezing and Deductions: TraderXP and Their Sketchy Techniques

November 18, 2018October 17, 2018
screen - Of Freezing and Deductions: TraderXP and Their Sketchy Techniques

We are thankful that many came forward and shared their own Stockpair horror stories with us. For today, we wanted to address another trading platform that we’ve been asked about: TraderXP. We were honestly hoping that this one wouldn’t turn out to be another Stockpair but, well, life isn’t known for always giving us what we want.

We poured in a lot of time to really research this subject and this is what we’ve found out about them:

Refuses to Let Traders Terminate Accounts

When we were scouring the internet for news about TraderXP, we came across a lot of different people in forums that were complaining about how TraderXP would not let them terminate their account. This is completely absurd especially for those with money in their accounts.

Instead of being helpful, account holders were told again and again that they should submit several documents to facilitate a withdrawal of their funds. In the meantime, since they aren’t using their account to trade, account holders are charged an “idle account” fee. So they effectively slash the money that the account holder has in their account while being given a fool’s errand.

Very Little Company Information

We really tried to find whatever we could about the company that owns TraderXP. We found that this was extremely hard to do. They generally claimed to be from Cyprus but were not listed under the SEC in Cyprus. This is always rather dangerous. This means that they have no verifiable holdings or address and cannot be held accountable for their ill practices.

Any trading platform that you will use needs to be legalized and above board. This is necessary for your own protection. Signing up with such sites will require sensitive information and even credit card information. If they are sketchy, you put yourself at risk not just for now but for the coming days.

Do you know of other sketchy dealings by supposedly above board Forex trading and investment platforms? Let us know and we’ll do some digging around.

Unyielding and Unfair: Horror Stories You Should Hear About Stockpair

October 11, 2018October 17, 2018
mobile stats - Unyielding and Unfair: Horror Stories You Should Hear About Stockpair

While there are some trading software and platforms that have done their best to provide the best sorts of experiences for budding traders, there are those that you would be better off not using. For today’s discussion, we are specifically referring to Stockpair.

For a while, we were hoping that this site/trading platform would be able to do what they were advertising to do. They gave the idea that their brokers were all professionals and that newbies would be able to have a demo account before deciding to pair up with a broker. What enticed a lot of people was the fact that they would be paired with an account manager to help guide and facilitate their trading experiences.

Here are a few horror stories that we have accumulated and have been shared with us:

monitor stats - Unyielding and Unfair: Horror Stories You Should Hear About Stockpair

Forces Options on Traders

One of the horror stories that was told to us detailed how they were assigned a broker that did not want to give the trader a demo account (despite it one of stockpair’s advertised services) and only wished the trader to immediately pay a fee to receive a certain type of account. From there, the horror continues. The broker refuses to listens to the concerns of the trader and only pushes their opinion on what would be a good trade and pressures the trader to put money into the account so that “they” would be able to start trading already.

This is always a bad sign. A good broker will never pressure you into putting your money into something you are not comfortable with.

Incommunicative

A common horror story is that account holders suddenly find their funds depleted or their account has been suspended without any warning. The account holder would try to get a hold of Stockpair’s customer service only to be given the run around or to be flat out ignored.

As it is your money on the line here, the platform you use must always maintain communication.

There are so many more horror stories that have been shared about Stockpair. If you are still aiming to use them as a trading platform (or something like it), consider yourself fully warned.

Must-Know Qualities: How Do You Spot a Good Investment Broker?

September 26, 2018December 5, 2018
hand - Must-Know Qualities: How Do You Spot a Good Investment Broker?

If you are looking to place your trust in a Forex broker for all your investment plans, it would be smart for you to make sure that the one you choose is a good one. With that in mind, how exactly do you spot a good Forex introducing broker?

If you’re looking for a few tips on how you can spot a good investment or Forex broker:

Check for Certification

A good Forex or investment broker will have the necessary certification that they will need. Forex introducing brokers would usually be affiliated with the SEC and are regulated by the NASD. This makes them legally responsible for handling another person’s investments. A regulation board would be able to provide the sort of assurance that you will need that the broker that you’ve chosen in a good one.

status - Must-Know Qualities: How Do You Spot a Good Investment Broker?

Work Ethic

The best Forex Brokers will know that when it is time for work, that is what their priority should be. At the same time, they will limit work during their prescribed working hours. An investment broker that does not know how to keep proper working hours will always lack the discipline to truly land you deals as you’ve told them to lock down.

Does Not Convince You to Chase Risky Deals

Investment brokers will highly value your time and your money. A good one will never try to convince you to invest in something that is completely untested. A good broker will make use of their experience in determining what would be a low-risk deal for someone who may not be comfortable in going for bigger trades. A good broker will always put your preferences over theirs.

If you’re going to go with an investment broker, try to make sure that they have the qualities that we’ve mentioned above. If not, you can always try to go with a Forex introducing broker to get the job done for you.

Forex Tips: What You Should Always Remember

September 12, 2018October 19, 2018
graph - Forex Tips: What You Should Always Remember

When it comes to making investments or choosing options, platforms, there are a lot of things that you will need to keep in mind. Today, we’re narrowing the field and only talking about ThinkMarkets . If you’re not familiar with it, we hope that today’s discussion will help you to better understand what this is.

ThinkMarkets is a relatively newcomer in the general field of Forex Trading. Not everyone is comfortable with working with a broker or choosing a Forex introducing broker to work with. If you’re thinking of taking your investments into your own hands, here are a few tips that you should remember:

Only Invest Money You Can Lose

Investments are never a 100% in their returns. Something can seem good but end up costing you more than you put in to begin with. In this case, it would be important to only invest an amount of money that you can actually afford to lose.

graph stats - Forex Tips: What You Should Always Remember

This is a lot like people who run households in the sense that budgets must be made and upheld. If you’re trying to start off your investments, it would be good to set aside money that you would try to grow through an investment platform or through an investment firm.

Be Patient

Investments take time. It requires a lot of research, precise timing, and sound decisions. If the money that you have put in isn’t growing yet or the investments are not really enjoying any returns yet, this is not something that you should allow to dissuade you.

It is important that you remain patient when you’re working on your investment plans. Of course, you should do your studies regarding a reasonable span of time for your investment to pay out. If you aren’t able to grow anything after that time, you may want to start considering other options.

ThinkMarkets can help you practice these. What other tips do you rely upon when it comes to dealing with your investments?

Any Options Tips: How You Can Maintain Your Course Well

August 29, 2018October 19, 2018
man - Any Options Tips: How You Can Maintain Your Course Well

Welcome back to Eztrader Ervaring! We’re here with another discussion about Forex trading options. Specifically, we wanted to take a look at any option for today. For anyone who isn’t all that familiar with the idea, we hope that today’s discussion will clear a few things up for you.

Before we get started, any option or simply an option is generally the right but not the duty to purchase or sell any form of stock for a specific price within a given spectrum of time. In other words, you have the option to trade but you don’t really have to if you don’t want to. If you wanted to buy, that would be a call option. If you wanted to sell, that would be a put option.

 If you do plan on taking any option, here are a few tips that can help you:

monitor - Any Options Tips: How You Can Maintain Your Course Well

Have an Exit Plan

It might be weird to start considering an exit plan before you’ve even started. However, the truth of the matter is that you must always have an exit plan for your Forex trading options and investment plans. When you’ve got some money riding on certain shares or stocks, it always pays to have an exit plan. These can include:

  • Seeing market trend markers (potential losses)
  • Using risk reducing investment software

If these tell you that a loss might be imminent, having an exit plan can help you from losing out.

stats - Any Options Tips: How You Can Maintain Your Course Well

Do Not Chase Your Losses

As no stock stays up forever, you may end up okay one day but find yourself facing losses the next. If you do experience any losses, it would be smart for you to not chase it. Instead, it would be best to consider studying what had caused the loss and take note of it for future reference. This is particularly helpful in both call and put options on Forex trading.

We hope that these two tips can help you with your options. What other tips do you adhere to?

Understanding Basics: What is “Forex Introducing Broker”?

August 15, 2018October 24, 2018
laptop - Understanding Basics: What is “Forex Introducing Broker”?

In the world of investments, staggering amounts of money, and potential losses, it is always important to make sure that you know certain concepts that may now be considered to be basic information. For today’s discussion, we’re referring to the concept of the Forex and Binary Options Broker. If you are not familiar with this, we hope that our talk will help familiarize you with it.

Definition

An Introducing Broker (IB) is a lot like a consultant. They are the ones that offer people some recommendations but do not actually do any of the physical trading aspect of it all. They tend to simply delegate any lead that you choose to pursue to the person that would be responsible for the trading floor.

This does not mean that they are any less liable or would not have to be certified or registered with necessary organizations. While stock brokers would usually be affiliated with the SEC and are regulated by the NASD, introducing brokers fall under separate conditions.

They still do need to be registered but they do so under the Commodity Futures Trading Commission which is generally regulated and overseen by the NFA.

mobile - Understanding Basics: What is “Forex Introducing Broker”?

Why Are They Needed?

If you aren’t sure how to approach investments but do not know any brokers, IBs are really helpful. Also, they do not just help you; they also are quite helpful in lowering the work load of firms that deal with investments. Brokers are generally overworked in the sense that they need to keep track of several investments by several different people.

If IBs are helping you, they can keep track of things better and coordinate with several different traders so this effectively lowers the workload for several people—yourself included.

With this, we hope that you’ll have a stronger idea of what an Forex introducing broker is. Given this information, would you consider working with an IB for your investments?

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Latest Blogs

  • screen - Of Freezing and Deductions: TraderXP and Their Sketchy Techniques

    Of Freezing and Deductions: TraderXP and Their Sketchy Techniques

    November 18, 2018 Tom Thompson 0
    We are thankful that many came forward and shared their own Stockpair horror stories with us....
    Investments Trading Warning 
  • mobile stats - Unyielding and Unfair: Horror Stories You Should Hear About Stockpair

    Unyielding and Unfair: Horror Stories You Should Hear About Stockpair

    October 11, 2018 Tom Thompson 0
    While there are some trading software and platforms that have done their best to provide the...
    Trading Warning 
  • hand - Must-Know Qualities: How Do You Spot a Good Investment Broker?

    Must-Know Qualities: How Do You Spot a Good Investment Broker?

    September 26, 2018 Tom Thompson 0
    If you are looking to place your trust in a Forex broker for all your investment...
    Investment Brokers Investments 

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