Thread: What is the best forex software for beginners?

For new trader the best option call Mirror Trading this concept is basically copying experienced traders trades. few brokers suggesting such option, for example - Zulutrade.

Originally Posted by sonjeriff

I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

I think the best advise i can give you do n`t bother about the bots, First you should practice to accept losses. Because Forex marketing is depends on probabilities.

One thing to ask yourself if these automated systems are so good why dont the banks use them . It is very doubtful that anyone trading for a living use any automated system. As they just do not work . There is no way you can program a machine to trade properly as the markets are mainly driven by sentiment which a peice of computer software does not care about , it will just keep doing what its programmed to do until your account is probably empty .
If you want to trade and are insisting on using a robot then learn to trade properly first , then you will be able to figure out why your account is losing money !
Mostly you will find that any website you goto to check out how good a robot is or to get a review is just a marketing catch page .
Be careful and good luck

It does not matter if you are a novice trader or an expert, you should trade only with platforms that gives you the best performance and brokers that do not play against their clients. Check ECN brokers- they are the fastest and have an objective trading. Good Luck.

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Originally Posted by sonjeriff

I am planning to try my luck in forex market. I have read about many automated forex trading softwares online. But I wanna here from yahoo answers community their opinion about the best automated forex trading software for beginners. Please help me choose the best automated forex trading software.

I use turbo meta. It is heavily invested MT4 trading software . simple, elegant and effective. The easy interface allows traders and investors to navigate effectively around the platform. It is designed to facilitate the trading strategies on various financial products, such as spot Forex, spot silver and gold.

Could you discribe and explain the Zulutrade more in detail. Thanks!

The Tiger Time Lanes is hands down the best Forex trading software, hands down.. Plus it comes with a 24 hour live online forex trading room stacked with live voice moderators taking live trades during all the major trading sessions..

Originally Posted by forexss

One thing to ask yourself if these automated systems are so good why dont the banks use them . It is very doubtful that anyone trading for a living use any automated system. As they just do not work . There is no way you can program a machine to trade properly as the markets are mainly driven by sentiment which a peice of computer software does not care about , it will just keep doing what its programmed to do until your account is probably empty .
If you want to trade and are insisting on using a robot then learn to trade properly first , then you will be able to figure out why your account is losing money !
Mostly you will find that any website you goto to check out how good a robot is or to get a review is just a marketing catch page .
Be careful and good luck

I'm very agree with your ideas, as a new trader here ,trading for a living use any automated system maybe impossible, we must check out how good a robot is or to get a review .

In my own opinion. The mirrior trader would be fit to the forex beginners. Generally speaking, the mirror trader is a comprehensive trading platform, providing u with unique tool for trading by knowledge: live signals, sentiments, market charts, oscillators and chart studies.