Online Forex Trading

Please can anyone suggest a good/popular forex software system based on their personal experiences?

If trillions of dollars gets traded back and forth on a daily basis, it doesn’t make any sense that everyone has to pay a spread of 0.03%, because that is a lot of money that is disappearing from everyone’s pockets, a billion dollars a day, and even if they did all have to pay it, it has to be going to someone. Someone who is able to trade for free because he is the one who keeps the profits of the difference between bid and ask. Who is that someone?

I ask because I have created an adaptive trading method that only works with horribly low spread. Too low for me to use, but it must be horrifically valuable to SOMEone out there. And when I say it is adaptive, I mean that there is no a priori strategy, it looks at the last 63 days every 2 weeks and decides on the trading rules it will apply over the next two weeks from that alone, so it isn’t adapted to any future data; it’s not cheating. Operating on the USD/JPY from July 1, 2007 to Feb 13, 2009, these are its results from one run (since it contains random variables, if you ran it again on the exact same data you’d get different numbers, but the same SORTS of results):

Commission=0.02:
Total gain=1.9586666009107498e-001
Total commissions=4.3467080397738096e+000

Commission=0.01:
Total gain=1.4452129891615770e+000
Total commissions=2.5255991687861270e+000

Commission=0.0079:
Total gain=6.0134531854447415e+000
Total commissions=1.3535088531109761e+001

Commission=0.005:
Total gain=8.3681903017587498e+007
Total commissions=2.2229280168087495e+008

Commission=0.0029:
Total gain=5.3964686183550566e+012
Total commissions=6.6395560659541475e+012

Commission=0.0019:
Total gain=3.7134772078865466e+017
Total commissions=2.0657410633892125e+017

Commission=0:
Total gain=4.7437229016568531e+049
Total commissions=0

Note that 5.5e+026 is the computer’s way of expressing scientific notation, and that example would be 5.5 times 10 to the 26th power.

As you can see, it works astronomically well with as low a spread as possible, but nothing that is given realistically by any brokers to small fish like me.

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The answer I will not accept:

there would be no one willing to facilitate trades if they didn’t get to take a cut

Obviously. I’m asking if there’s anyone who takes a smaller cut. Or maybe a cut that doesn’t go up with trade size – after all, buy stocks with a stock broker, and it’s usually 5 or 10 dollars per TRADE. But it doesn’t matter what the trade size is. But with a spread on the forex market, with double the trade size, it’s double the commission. And like I said, whoever IS pocketing the difference, surely HE must be able to trade without a spread since he’s the one who pockets the difference! Certainly this would be worth something to THAT person. It is fundamentally impossible for everyone to lose that money when they trade because it GOES somewhere, and it certainly doesn’t COST that much to keep the markets running. It doesn’t cost anyone anything for me to enter in an electronic order to trade 300 thousand dollars for 30 million yen and for it all to be carried out by computers but I lose about 100 dollars each round trip in the act of doing so. Maybe at the very least there’s some group of people who pay, say, a million dollars a year for however much trading they want, in lieu of spreads. This trading method would make a lot more than that million dollars.
Bill Q – of course if as you say, it’s not being collected by one single group but by multitudes of middlemen, that could be a problem. But the thing is, it doesn’t really need to be ZERO – it would need to be about a sixth of what the best brokers I can find charge to work reasonably well – and as you can see from the list above, the less percentage they charge, the more actual commissions are actually collected as well so it would be in their best interests to consider it.

The thing is, that if they’re offering .03% per trade, that means they’re happy with a profit of a mere 3 dollars for one USD/JPY lot (10000 USD against however many JPY that is equivalent to). Or even smaller scale, they’re willing to settle for a dollar or so with one MXN/JPY lot (mexican peso). Yet they insist on 3000 dollars of profit for me to trade 1000 lots. No middleground at all! If they’d only settle for a mere 300, we could all make SO much money! But WHO would I talk to about possibly doing this?

Traders are desperately trying to find out what is the best forex trading software on the market? People read magazines, forums, go to chat rooms for an honest forex software review. Well, here is a forex software review for you: You shouldn’t have to pay money for a forex trading platform. Free trading software like Metatrader or the charting software that comes with most forex brokers should be more than sufficient.

All of these companies that promise they have the best forex trading software are just giving you rehashed lagging indicators. It seems like everyday we get the “latest and greatest” indicator. The indicator that does all the work for you telling you where to buy and sell. If it was really that easy, then why is it that 95% of forex traders end up losing money?

Part of it has to do with the fact that a lagging indicator cannot forecast a market. The other reason is that most traders don’t understand what these indicators represent. For example, when two lines cross each other it tells the trader to buy or sell. But the trader doesn’t have the slightest clue what’s going on in the price. For all intends and purposes he/she doesn’t even have to look at the price, all they have to is follow these indicators. It’s tough enough trading the forex market. It makes it about 100 times harder when you don’t even understand price movement.

So you can scour the internet for every forex software review site, but once you realize there is no such thing as the “best” forex trading software, you can try to understand price action. A perfect example of how unnecessary all these magical indicators are, is to look at the famous Jesse Livermore. Livermore was a world famous stock trader who traded on the market floor in the early 20th century. He became a millionaire just being able to trade the price action on the floor. Now, if somebody in the early 20th century can be successful trading without even a chart, much less all the “magic” indicators that are out there now, then why can’t it be done now at the turn of the century?



By: Jim Buhs

I would like to trade the USD/CLP Pair but I am unable to find a software that offers it. Right now I use GFT’s Dealbook 360 and Metatrader 4 but neither offers that option. Is there a way to add a custom currency pair to either of those platforms?

Thanks in advance.

By: Sean Bailey

By: Andres Munoz

By: Chris David

If the purchase of a piece of Forex forecasting software or a Forex Trading Robot is in your future you need to take a few quiet moments and pay attention to this article. The fact is that most people buy software in the most illogical manner, namely from rumors. And in Forex trading rumors run wild.

But the bottom line in any software purchase is whether the software will help you be a more profitable trader or not. So lets cover the critical factors to finding software to increase your bank account.

Updated

One of the first, key indicators is to check if the software you are interested in is up to date. This can be done by checking out version history and seeing how often the websites are updated. If a site or software product have not been updated in over a year then it is already behind the power curve, and they can provide the wrong predictions.

Charting

The next key factor is how the software handles charting. Your software choice should be able to generate standard trading tools such as Fibonacci levels, RSI, Stochastic and Moving averages as a minimum of the tools you should use. If it is a trading robot it should be able to predictively enter and exit trades based on sound trading criteria.

Testimony

Almost as critical as the features your software provides is the customer testimonies from those who use the product. Are there real people using this software today to take money out of todays markets? If so then you have a reasonable evidence to believe in the claims.



By: Nigel Banks

i want to know which site allows to download the Fx trading software, foreign Currency Exchange Software, Stock Trading Software, Online currency trading software, free Forex Strategy Builder software, forex trading software.
I need to know few more good,popular best Forex software,trading software and from where i can Download the software instantly and begin using it.