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TheNegotiator

Considerations for a Wannabe Trader...

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8-Platform.

Which platform is going to fit in best with my plan? Different platforms are generally employed for different product classes and so finding the one which is most appropriate is important. Also, how much is it going to cost and how stable and efficient is it?

 

Platform is not important at all, what you need is fast execution,  you are not trading the platform, you are trading the price.

sure, there are some fancy ones out there, coud be nice to have, but they aren't necesary.

 

Computer

you can trade on almost anything, it doesn't have to be a fast computer, any laptop newer than 10 years will be just fine for most platforms,

Internet connection

You also don't need a blazing fast internet connection to trade, I used to think that too, but that has been proven wrong.

as long as you are not disconnected from the broker, it will be just fine.

I have a cable connection, it's 1 mbit down, and hardly anything up, 200 kbsec or so, but no complaints when it comes to trading,

would be nice to have a faster for downloading movies and on the web though, but for my trading it's Ok

9-News source.

I think not important, as news mostly are priced in anyway, unless you have a trading strategy that trades news exlusevly

so you would like to get the news before anyone else, other than that I wouldn't bother,

it's good to know when they are released though, but you can see that for free on any news calendar

 

 

 

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Investing in Forex is not a game, it is something serious and study, experience, patience and a lot of discipline. It can be a very profitable business if you are careful and never get greedy.

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