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It is basically a software which includes all technical tools and shows currency pairs movement on the basis of which traders buy and sell currencies. All brokers provide platform but all are not fluent enough so while broker choosing it should be checked out. All platforms are not fluent enough. Private Scandinavian Sparkasse broker allows traders with all technical tools, technical errors free interface and one click trading opportunity.
Choosing a reliable and secured trading platform means ensuring almost 80% success of your Forex business. In Forex market there are more than thousands of online Forex brokers but as we know not every broker are regulated and safe. Forex4you broker I choose because they are regulated, licensed and ensures security of funds forever. To protect their clients fund they hire third party supervisor who works for 2/7. I am trading comfortably now.
I have been trading with AAFX in the last few months. The best service provided by this broker. Depositing and withdrawing funds is easy. Comprehensive education for beginner traders like me. And it seems that I will try to become a partner for this broker in the future. The daily fundamental review represents the latest information on the major currency pairs and the periodic reports based on the review of the trend potential allow you to plan your trading for the next week.
EAs Forex trading or robots are made by the programmer based on a certain strategy. And there is no strategy that works in all types of markets. You have to update your strategy according to the market situation. When you use someone else's robot, you are blindly following someone. The robot is good if you can do it yourself as I do. There is another problem, not all brokers allow the use of the robot. But I can use my robot with TP Global FX because they allow trading with robots.
There may be an inquiry that which one is superior: technical or fundamental analysis to take decision? However the answer can be relative as per the trading requirements of a forex trader, I prefer to use a combination of fundamental and technical analysis based on my trading needs. However, there is no argument that today technical analysis is extensively used by foreign currency traders since various technical tools are easily available for the forex traders.
Trading platforms have to be solid and stable. I remember InstaForex's MT4 before, it was too unstable, it crashed so many times I decided to leave them. I was a fan of their contests, but I could not trade decently because of their MT4.