In certain ways, many forex traders are like video game fans. They love seeing what technology has ahead for them. Just as video game fans stand in 10 hour lines to get the next gen consoles, many traders react similarly to when new forex trading platforms come out. My question is why??? Don’t get me wrong. I can appreciate the benefits of technology as much as anybody else, but I don’t get what all the big fuss is about. The real truth is that there is no best trading platform on the market.
I suppose I am old fashioned but I believe the trader is what makes money, not the equipment. Now, I know a lot of fans of eSignal and TradeStation would beg to differ with that statement, and their certainly entitled to. But my philosophy is, either you know and understand the markets or you don’t. No thousand dollar platform is going to be able to do that for you.
As traders, we’ve been told that we need all these bells and whistles in order to be successful at trading. There is a reason for it. The forex software market is almost as big as the forex market. If people realized that all the information they need is on a basic price chart, all these companies would be out of business. You can have the highest state of the art technology by your side while you are trading, but if it doesn’t amount to anything, then all you have is a thousand dollar excuse to lose money. John Templeton has been a successful forex trader after learning how to trade price action Once he understood that all he needed to trade forex was on a plain chart with no indicators, his profits soared. Tags: Best Forex Trading Platform Label: What’s the Best Forex Trading Platform - Does it Really Matter?
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