November BSI Stock: AWK (NYSE)

November BSI Stock: AWK (NYSE)
Buyer Strength Indicator gave three buy signals for this stock

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Comparisson of Forex platforms: decide for yourself!

I have been presented with this dilemma many times. Which Forex platform is best or which software offers me the best solution according to my needs. Well, actually the most important question to answer is what kind of trader I am. If I am into scalping, maybe I should go for the one with the smallest spread and reliable order filling. What if I define myself as a long term, trend following trader? in that case maybe I should go with one that gives me the best long term relationship as well (i.e. best leveraging flexibility for my trading style).

Based on the typical trading styles I have tried to correlate as much as possible some of the best solutions out there towards the most common behavioural characteristics and needs of traders. I used this myself to identify what suits me best, but for now I will only suggest and you will need to decide.


Scalper:
Needs rapid action and constant monitoring of markets (unless using a robot). Needs low spreads from platform and reliable order filling as well as a platform that allows news trading.

SmartTradeForex (Platform)


For the advanced scalper - Currenex (Platform & Management)


Scalping Robot - Expert Advisor (tailored to the Assian session)

Day Trader:
Needs powerful and reliable charting tools. Is also constantly monitoring the markets and following tactical news releases (can use a robot). Needs low spreads and platform pervasiveness (platform on the go). Reliable order filling.


Easy Forex: Streaming news, fixed spreads, microlots (0,01pips), account opening with only $25, iPhone/blackberry friendly, MetaTrader - for more click below:




AVAFX: The one with the nice sign-up bonuses (March 2011 bonus up to EUR3000 when opening an account), MetaTrader. - for more click below:



Daily Strategy Advisor (Trading Robot)


Charting solutions (I use this one)

Swing Trader:
Same as the day trader, however the swing trader will look at longer time frames, typically daily/weekly. S(he) will be more exposed to drawdowns therefore needs a better money management tool. Needs powerful and reliable charting tools as well. Is not constantly monitoring the markets and is less affected by news releases (can use a robot). Does not need to be so concerned about low spreads (although nice) and platform pervasiveness (platform on the go). Is more interested in additional analisys, fundamental/technical insights, and money/risk management. It is useful to have a platform where other than Forex is traded (even if only for information), as this trader will benefit from learning about other correlated markets (e.g. Oil vs USD)

Plus500: Has a nice treat of receive bonus without making a deposit, can trade Stocks, Forex, CFDs, Indices, Oil  - for more click below:

Plus500

Money Management Expert Advisor (Trading Robot)

Long Term Trader: Position trading & Trend following
Similar to the swing trader, yet with a longer time horizon for trading decisions, typically weekly/monthly or longer. Drawdown exposure is a concern so needs good money/risk management strategies and tools, therefore a platform that offers high leverage. Needs powerful and reliable charting  as well. Is not constantly monitoring the markets and is less affected by news releases.  Is also interested in additional analisys (market sentiment and pshycology) and/or sustainable technical insight. It is also useful to have a platform where other than Forex is traded (even if only for information), as this trader will benefit from learning about other correlated markets (e.g. Oil vs USD) . See solution shown above. Additionally an interesting platform to consider:


eToro:  High leverage trading platform. Webtrade, personal coaching. Interesting social feature letting you see what other traders are doing and follow them, or let them follow you. Also something interesting is the option to open an Islamic Account. - for more click below:




User friendly Expert Advisor - Trading Robot (good reviews)


Well, I hope this helps. I am sure there are so many other products out there, I only referred the few I know.