God knows, there are a lot of decisions you have to make as a forex trader, but deciding on the forex trading platform shouldn’t be. I’ll make it really simple for you. If you are spending money on a forex trading platform, you did not make the right decision.
I am not saying that many of the high priced trading platforms that are on the market are not technologically impressive. I’m just saying that the vast majority of the tools they have are not necessary to trade, especially when you pay hundreds of dollars every month just for the privilege of using them.
This idea of ”if it costs more means it’s better” has taken root in our minds at a young age, especially when it comes to trading. When people start trading, they think of rich wall street guys sitting at their computers with 10 different monitors with thousands of dollars worth of hardware and software at their disposal. Yeah……. guess what? You don’t need any of that.
A trader is only as good as the knowledge he has, not the tools he uses. So do yourself a favor. Simply download a free demo version of Metatrader from any of the hundreds of brokers that offer Metatrader. Trust me, it’s all you’ll ever need. The truth is that all you need to be successful in forex trading is a simple price chart. No indicators, no trading robots, no “state of the art software”. Start thinking “less is more”.