Forexchief - Forexchief.com

[Geofery]

Every professional trader uses both. I have not met a trader who is successful in Forex that does not use an EA. While they trade manually, they also use trading robots to grab some profit. Someone can use a scalping EA and at the same time be a news trader. Since Forexchief broker does not have a problem with scalping EAs, I hope to buy one very soon.

 

[Hakone]

Every professional trader uses both. I have not met a trader who is successful in Forex that does not use an EA. While they trade manually, they also use trading robots to grab some profit. Someone can use a scalping EA and at the same time be a news trader. Since Forexchief broker does not have a problem with scalping EAs, I hope to buy one very soon.

I met professional trade both. They still use manual to trade with their hand. They said market always change and need to decision by themselves. Others who are use system said market repeat itself. They need EA to build their profit. End of the day they both can build good profits.

 

[Geofery]

How much the minimum deposit for micro trading account?

It depend on the broker you wish to trade with. I use the Forexchief Micro account: cent-MT4.Classic+. The minimum deposit is $100. Some other brokers have lower minimum deposit.

 

[tradergerman]

Forexchief broker offers mt5 platform, but I am using mt4. I don't know though, but I feel more comfortable with the mt4 platform. And the broker is a very good one with low spreads on their platform.

 

[Geofery]

Many newbies do not consider the swap important while trading but with the passage of time they realize that the swap is eating their profit and increasing their losses. Then they start to know about it, I would recommend you people to choose a swap free account in order to save your money. Thanks

Swap works in two ways, you earn money for overnight night trades and you pay money for it as well. Swap does not affect your chances of winning or losing. It is just the interest you receive or pay for trades that are left open for more than 24 hours. I am using a Swap Account on the Forexchief platform; I get paid swap interest for some of my trades.

 

[tradergerman]

Swap works in two ways, you earn money for overnight night trades and you pay money for it as well. Swap does not affect your chances of winning or losing. It is just the interest you receive or pay for trades that are left open for more than 24 hours. I am using a Swap Account on the Forexchief platform; I get paid swap interest for some of my trades.

Some people did develop a strategy around the Swap thing. Turns out there are some pairs that accrues interest; so they open trades on those pairs only. The strategy requires large capital and multiple orders are carried out regularly. I can't find a link to the post right now. Forexchief is a good broker too @geofery.

 

[Mcdaniels]

we know MT5 avaliabe a long time but it not popular
i see MT5 it is good for trade.but i see the mosst my friend using MT4.
do you use MT4 ? why do you use it ?

Mt4 is the oldest and easiest to use. It is also the most popular platform and offered by almost all Forex brokers. I use mt4 and Forexchief server, which is very fast when executing orders. You should try it. They also have mt5 server, but I chose to use mt4 still. There are other platforms like ctrader and zulutrade, but I have not used both.

 

[Mcdaniels]

Swap works in two ways, you earn money for overnight night trades and you pay money for it as well. Swap does not affect your chances of winning or losing. It is just the interest you receive or pay for trades that are left open for more than 24 hours. I am using a Swap Account on the Forexchief platform; I get paid swap interest for some of my trades.

I think I am going to request a no-swap account from Forexchief. In as much as I like the idea of getting paid swap, I don't like the charges on opposite trades.

 

[Mcdaniels]

Forexchief broker provides 1:400 leverage and it helps me trade more than what I can afford.

 

[Luke Hansen]

It is required for a forex trader to manage his trading account and all of his trading activities efficiently. And I am happy that my broker ForexChief is ensuring me complete expert assistance, user friendly trading package of lowest zero spread, 1:400 moderate leverage, complete safety of capital and freedom to trade with any trading strategy and technically modern trading platform so that I can handle my trading account effectively.