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Forex software can help investors make wise decisions

Discussion in 'Trading Software' started by shamoon633206, Apr 11, 2012.

  1. shamoon633206

    shamoon633206

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    Forex software can help investors make wise decisions

    One of the unique things about the forex market as opposed to markets like the New York Stock Exchange is that it runs 24 hours a day. The forex market covers the entire world, all 24 time zones, so no matter what time it is, currency trading is taking place.

    Because of this, many traders have found it helpful to have forex software on their computers. These programs enable users to stay informed about the very latest prices and to buy and sell currencies 24 hours a day.
     
    Amar likes this.
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  3. valexer

    valexer

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    Trading softwares I guess makes life a little bit easier for forex traders. By the use of these softwares, indicators and other related things, a trader is updated of market movements and the changes in prizes and values of every currencies. It is good that brokers have develop these software and trading platforms and it is very useful to traders.
     
  4. RichardFudnavis

    RichardFudnavis

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    Forex software also helps the online firms that deal in retail forex trading. Without the software, clients would have to log on to the site to conduct their trades. But with the software installed on their computers, customers can handle their transactions without having to log in and potentially overload the company's server.
     
    Last edited: Oct 2, 2012
  5. akufandy

    akufandy

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    i agree with the post before me.. the software that istalled in our computer just want to make trading easier and faster for us..
     
  6. rexway

    rexway

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    Yes software is indeed a very good and helpful instrument in trading but really know here also that sometime some software do stills brings traders failure.
    So its very important for us to make the right choice when chosing a forex software.
     
  7. haneefzain

    haneefzain

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    software polish your trade by given a appropriate idea about market condition..these software reduces the chances of loss..and helpful for new traders..but there very few software that are successful mostly are failed..
     
  8. sindarin

    sindarin

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    Well i am quite confused here, i think what TS means here is Expert Advisors, right? Ir that is an EA i think that is possible thing to do, it will help us to make profit unless we can use it in the right time, don't always trade with EA because the rate of loss become higher because mostly forex robot is not flexible
     
  9. kasual

    kasual

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    Robots give traders automatic entry signals which make traders not necessary to perform analysis. However, robots made based on specific code which it rigid. Make robot unable to be flexible which give traders many losses when market situations changed. The best is manual trading. But if traders insist to use robots, make sure that it good or proven reliable.
     
  10. Decub

    Decub

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    I think the advent of web trading platform has almost phased out. What everyone is into now is the use of trading platform which keeps you informed and updated to news and happenings around. This to a great extent makes it easier for traders to access their terminal both from PC and mobile.
     
  11. Pettyeve

    Pettyeve

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    I like manual trading and I like to trade manually more than to trade with robot. Robot trading is good for the traders who know how to trade and can be able to handle their account very well. If the trader is not having enough trading knowledge, he or she will not be able to trade very well with robot.
     
  12. Jairaj Kothari

    Jairaj Kothari

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    I am going to try it, hope it will work for me.
     
  13. anosocialnet

    anosocialnet

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    It will gonna work well for you when and only if you use the reliable EA, while the reverse will be the opposite.
    We aren't trading my ourselves when using Robot, it is an autopilot trading and automatic trading from a software called Robot.
     
  14. sindarin

    sindarin

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    Not always, because this is not hidden cases i mean look there are a lot of people that complain about expert advisor, said that is only reducing their capital with make less profit. It is an indication that expert advisor never make any change if that EA are bad, but there are some that work well.
     
  15. Gemma

    Gemma

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    Every good trader must have a good Forex software. It should be accurate easy to access and simple enough to understand. Some software are too complicated only an expert can understand those. I find my software highly useful.
     
  16. sininfinity

    sininfinity

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    It is not a necessity for a trader to have an EA. It is a choice. There are many manual traders out there who are trading manually. I am also one of them.
     
  17. Svetlana Loboda

    Svetlana Loboda

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    Yes mate; I have also noticed; almost all of successful traders are doing their live trading manually! Even, I am doing the same job; the main advantage of manual trading is; we can increase our trading skill gradually.