What differences exist between the software packages out there

Trading Tech and Tools
1

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?

thanks in advance,

Phil

2

Hi! Sorry but I am just new to this but I can only suggest to do google search, under charting software, then you compare what they can offer and the prices…

Strongly recommends somebody more experienced to reply to this post…:slight_smile:

3

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. :slight_smile:

4

Ramrocket,
I am interested in getting some professional mentoring too, could you suggest something? What can be the cost involved with that?
Are you able to deal without slippage using VT?

Thanks

5

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. :slight_smile:

6

Hello ramrocket,

Could not get your email address.I have send a private message with my email ID.If you could send a mail then I could sent one back with my request for the mentor.
Thanks