best software to trade forex

[layan]

hi all esteemed traders

kindly advise what is the best software needed to trade forex effeciently which includes testings and strategies buy sell signals .. do you think it is omnitrader or metastock or pattern forecaster or advanced get or trade station or what ....


your advice and comments are highly appreciated ...

[Sophistik]

I'm really interested in this as well. You know to know what other software platforms are out there. I'm a tech-junkie. hehe.

[ifsclusa]

Why would any sucessful trader waste his time developing something to help others trade. It isn't that hard to learn to trade' I have been doing it for years and all you need are rules and the disipline to follow them, not all people have what it takes and that is not nessecarily a bad thing. Most of the gd traders I have worked with over the years are jerks. The people that sell that crap are salesmen that can't trade. There are some exceptions of course, but you will be better off sending your time to develop your own system that works for you, Not try and use someone else's crap that looks great on backtesting.

[Sophistik]

Perhaps finding a platform he's interested in would tie directly into what does work for him, essentially being the way he does do it... just a thought...

[suzanne]

Hi All, I think we keep looking for "THE" program/system because we have been programmed to think trading is complex. I felt the same way until, after becoming so totally confused by "expert" opinion, that I went to the charts to study the price cycle from scratch and form my own "expert" opinions. I found out that trading can really be a rather simple process! I discovered that once I had developed my own system, it was easy to find a program that suited my system and trading style. (Since candle patterns, as leading indicators, are an important part of my system, I bought PFP.) There are many good software programs out there. There is, however, no "best" one for everyone. But, to find one that will work for you, you must first understand yourself, the dynamics of the market, price cycle, and leading/lagging indicators. From that knowledge base you can put together your system. Software is only a tool-not the "Holy Grail". It's only our thinking-power that comes close to being the "Holy Grail". That's the bad news: Serious thinking is involved! But, it’s also the good news because, if you want to be consistently and confidently profitable in your trading, you don’t need to spend money on program after program. All you really need to do is watch and think about what you see on the charts! Hope this helps, Suzanne

[nmaqba]

Suzanne,
Wahtever happened to PFP/dukascopy real time data feed testing. Any progress?

[suzanne]

Hi, I'll find out from Brad Matheny tomorrow and post the status. Suzanne

[Sophistik]

I agree with Suzane completley. Infact I find what I do enteraining and easy as pie. I have my own system that works for me. (Found it after sprouting 10 grey hairs [litterally], and 2 bottles of asprin...) I love MACDs & HLOC bars and don't even fool with other stuff save for a few hybrid charts...

Hence my above post "Perhaps finding a platform he's interested in would tie directly into what does work for him, essentially being the way he does do it... just a thought..."



Happy Trading!