What differences exist between the software packages out there
Hey guys and gals,
I've heard of several different brands of charting software available for use. Are there any advantages to using one over another? Is there a software package maybe more appealing or easier to use for a new trader?
I use cmsfx vt trader platform. I have previously used prophet.net java charts but didnt like it. I seeked professional mentoring on forex when I got started. My mentor is a fund manager and professional full time trader. He recommended to me what he used and thats how I got started with cmsfx vt trader platform. The charts are great and is free. I can set my trading alerts so I don't have to stay up all night. For me I want to use tools that are not web based because they are too slow. I also want to use charting tools and services that are free except for the spread --- of course. There are software packages out there that ask you to pay for the software, then ask you to pay for data feed monthly. Not for me - I want to limit my expenses trading the forex market. vt trader works great for me and if you are into indicators, it has hundred of them bundled in the software. I use a few indicators but watch the price action.
Email me and would be glad to refer you the mentor I used. Regarding slippage, vt does pretty good job. I have experienced a few slippage when the market is pretty heavy however I normally will enter into a trade late in the evenings when market volatility is low.