In recent years all online brokers have begun to offer their own free charting
software built into their trading platform to studythe movements of a currency
pair, some are good and some leave a lot to be desired. For many years I have
used the same broker through Meta Trader 4 chartingplatform.
Meta Trader 4 (or MT4 for short) is used by hundreds of forex brokers, it allows
you to access your broker account right from the platform making it easy for you
to adjust and track open positions as well as plotting currency movements on
multiple charts. Meta Trader 4 also allows you to use custom indicators and
alerts, giving you more freedom to do things you enjoy and leaving Meta Trader
to alert you when a trade setup occurs. Another great feature of MT4 is if you
have a smart phone you can download the platform onto your mobile phone
allowing you to check trades and adjust positions on the go, sometimes vital for
a trader on the go.
I use Interbankfx.com as my broker through the MT4 platform. They have been
very reliable for me using the trading techniques presented in this manual.
No matter which broker you choose you will find someone who claims “they are
not an honest broker,” this is simply due to the fact that when people loose at
forex (especially newbie's) they naturally must find something to blame it on.
In my experience if you are trading 4 hour charts and above, you have far less to
worry about. Traders trying to scalp the forex market on the 1 minute charts are
the ones who tend to get the bad end of the stick very often due to the nature of
their rapid buying and selling of currencies.
