My parents always tell, if anything given as free means, you cant utilize full benefit of such product… I don’t know, were it suit for trading system… If anyone have the experience, share here!
Hi Elliot
That statement is BOTH right and wrong depending on witch way you look at it…….
Free systems – you get what you pay for!
The business magnate, multi-millionaire & self help guru Robert Kiyosaki believes you should find the best person in the field of expertise you are interested in pay as much as you can afford for their input & advice. He is very scathing of free stuff because like you say the vendor has an agenda of their own……
Forum based collaboration.
By giving your idea away to a forum like this you can draw on the experience & knowledge of 100s of investors, & they can add to it, tweak it & generally make it better. If that collaboration means that your system is a fraction of a % more profitable each day, over time that equals MEGA bucks!
If your system is so good, why do you need to sell it….
If these robots or systems are so fabulously profitable & you are driving your Lamborghini around your Privet Island, why do you need to sell it for a few £$£$£$? My personal belief is that they thought they had a good system but can’t make it work in the long term. So they tart it up sell it to people like you & me instead & that’s how they make their money…
James
You can find many traders that will provide you with signals for free on zulutrade. A lot of those traders use professional trading systems. There is a ranking system which evaluates how good a trader is. Try their demo account if more info is needed.
nicely stated Elliot, as we also say there is nth as a free lunch.
Well, usually whenever I read that a trading system was for free, it was partly stated, either limited on time or limited on performance. i have checked currencee, etoro, tradency, &c but i found only zulutrade sygnals to be free- meaning no subscription fee for the signal over as long as you follow it for. there is a minimum equity amount required when you follow (e.g. you have a mini account of about 500 bucks - well you cannot follow a signal that required 1500 bucks obviously) but so far i am with the platform free is free and i have not seen a subscription fee. As far as everybody along the supply chain (broker, signal, platform) are correspondingly compensated and the service provided is free - well i guess here we can say the utilization is at its max.
In 90% cases, free software or services not allow to utilize complete benefits or accesses. But there are some free trading software available and you can complete utilize these software.
Thanks for all! You have shared the valuable experience within this discussion… If you have experience any of the forex trader software, share here for people to value the needs!
You can download metatrader from its site Forex Trading Platform MetaTrader 4 or from here AVAFX- Forex Metatrader 4 Broker, MT4 Download
If you are looking for trading platforms & you have a smart phone (iPhone, Google Android phone) download the Trade Interceptor app. It is the best phone based trading app I have seen on the market, its FREE too it is almost as good as Metatrader. As far as I can see it has only 2 drawbacks
1 it is not Matatrader compatible yet. The phone app that is currently used by metatrader brokers is Forex On The Go, this is a truly awful program, basic & hard to use.
2 Not many brokers use this app. This means you are limited by the spreads on offer….
With these limitations I use it to keep eye on the market & when I see an opportunity I jump on my pc to make the trade.
However BOTH of these problems will be fixed later this year. I had a customer service email at the start of the year from the head of product development. He stated that their main goal for this year was to get this app to interface with Metatrader & this would open them up to the full range of brokers that use what is regarded by many as the industry standard trading platform. This would mean that you could place an order @ your desk & watch it from your phone if you are out & about & the other way around.
Exciting times ahead……
James
Nice to hear… The forex application in smart phones can make the business to carry wherever you are in… Thank you!
This is nice. This gives us more flexibility in checking the statistics in real time. I am thinking of installing it in my Iphone4s, for sure it would be compatible.
I’ll give a feedback on this.
Numbers Never Lie.
Thanks guys! If you know Any other free trading software for forex, share here! and get experience with previous iPhone application as well…
I think that using any free software will end You up loosing. There is no good free software on the market. I tryied several of these but the end of the day, You will defenetally loose. The market is changing too fast and continuasly, so these softwares wont adapt for the market.
Yeah right Tremmy FX! This free software helpful to learn the forex trade… But, For main trade have to buy the software could be best!
Some forex software authors usually provide free software to its site visitors, but usually only a few software that works fine with consistent profit, you could look at Zulutrade website for comparison software.
dudeee, zulutrade is a platform offering signals for mirror trading, not any EAs or other type of trading software. Kindly do not mistake the readers lool
Right DimaRufx! What are all the merits that you have gained with the zulutrade… Your experience can help the newbies to for the best forex software!
thanks for the support Elliotjohn…you know sometimes it is so easy to get off topic intentionally or un-intentionally and then leave wrong impressions i think as much as we know we know we should say the right thing.
I have not problem sharing of course, I have written lots of posts on the topic, I advise[B]whoever wants to ask freely away[/B], o/w some other forum readers might take it as a spam and this is not my intentions of course.
I see you are a EAs knowledgeable quite well? What do you think of the zulutrade eas that some traders use? do you find them lets say durable over time…i have followed some but overall have the feeling human trading is better (or at least a combinations of both)…
Yeah DimaRufx! Spam also happening due to answering on same category… But, Sharing Experience on such platforms can help the traders to go for it! Thanks for reply…
thanks elliot …so you did not tell me - what platform are you trading on?
Hey, i yet to start my forex trade friend! I’m at learning period to get knowledge… Hope will use MT4 in future!