How do I get started trading forex
I would like to get started trading Forex. I’m an experienced stock trader and I don’t even expect to make any money. It’s just that I’m an addict. I have to trade as much as possible. I need to find a good forex broker that has good customizable charts. I use other charting but they have no intraday charts for futures or forex. It would be nice if I could find forex charts that look good too. I would like to at least be able to trade usd/jpy crosses. I’ve looked all over the internet under forex but nothing seems to suit me. Any suggestions please?
Answer:
MetaTrader4 (MT4) is great for FX charting. There are at least 40 FX brokers that offer it, and they all offer free demos. I use FXDD’s demo, among others.
For actual trading, I wouldn’t recommend any MT4 broker however. InteractiveBrokers is the best FX broker around for retail.
MT4 is great for charts, but the MT4 brokers (dealing desks) are not the best to trade with. IB’s IdealPro ECN is the best retail option outside of the institutional platforms. IB’s java charts are nothing to write home about though. Thus I (and others) use IB for execution, MT4 demos for charting. I also use QuoteTracker for charts as well (using IB’s data directly).
What kind of topic do you looking for?
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