I currently am testing free accounts before investing money in FOREX. I’m having some success with 3 minute trades using technical analysis on 5 minute charts, but I signed up with AvaTrade which has a 4 pip spread on the pairs I like. So to make money over 3 minutes or so is often tough, even though my calls are most often correct (a good sign…). They have MetaTrader 4 which has floating spreads, but the software isn’t installing on my PC, and also from the videos on their site it just doesnt seem as intuitive or graphically flexible as AvaTrade.
Which platform and broker should I look at? I will leverage no more than 1:200, and want a solid, regulated broker not incorporated offshore somewhere, and which doesn’t need to provide me with an advisory service. I would consider charges based either on pip only, or small lumpsum per trade maybe with a tiny additional pip charge. Also when getting in and out, are some platforms or brokers quicker to action trades (under normal conditions)?
I hope my question isn’t too dumb. I don’t want to spend weeks trying several accounts and getting hassled by them on the phone afterwards if I can instead get some great pointers from BabyPips to narrow my options.
Thanks for any help.