Question
Hi Anna First of all I wanted to say how I absolutely enjoyed reading your book ‘Forex for Beginners’. It is an absolute must have when it comes to starting your journey with foreign exchange. I just regret that I didn’t read first, trade later, but just like your saying in your book it’s the best way to learn. I already have your second book guide to volume price analysis so I will let you know how I’m getting on with that title. I have just two quick questions, and I do appreciate that you can be busy but I would much appreciate your honest opinion. Which is best broker at the moment to start with, having around 500 euro of capital? And where can I find currency strength indicators on mt4 platform? Thanks again for writing such an excellent book and I hope it will help me be successful trader. All the best
Answer
Hi – Many thanks for your email and for your very kind and generous comments. Just so delighted you have bought my books and hope they will be able to guide you in your trading journey. With regard to brokers, a good site to visit is www.100forexbrokers.com for further information. At this site, not only will you be able to research brokers according to type, but also the minimum deposit required, leverage, regulation etc. One suggestion is perhaps to use a permanent demo account with Oanda (but be aware they are a market maker) because they have a good feed & another broker to execute your trades – just a thought.
The currency strength indicator for MT4 featured in my book and in my forex room is available here where you can find more details – www.mt4.quantumtrading.com. You can also find more information on how I apply this indicator at my you tube channel, www.youtube.com/acoull – where I also expand on the volume price analysis method. There are currently over 100 videos there, and I am always adding more. Many of these are from the free training rooms I run, and I would love to see you there. You can join from my site. Hope the above helps, and thank you for taking the time to write to me – Anna
Hi, if I buy the full package course + indicator on metatrader, can I switch to Ninjatrader in future? How much cost to add if to switch from metatrader to ninjatrader indicators?
Hi Andrew – many thanks for your question and you can switch from platform to platform at any time. There is no cost and we arrange this all for you and something many of our customers do, which is to start with MT4/MT5 and then in the future as their trading skills develop move to another platform. The difference in price between the MT4/5 package and NT7/8 is because there is one indicator on NinjaTrader which is not available on MT4/5 and this is the Tickspeedometer indicator. However, when you transfer across you can decide whether you wish to have this indicator or not – it’s your choice and if you decide this is not an indicator you require then there is no cost to transfer the full set across from MT4/MT5 to NinjaTrader. Hope this answers your question and if you need any further help please just drop the support desk an email at helpdesk[at]quantumtrading.com or helpdesk[at]quantumtradingeducation.com and they will be happy to answer any other questions – regards Anna