New Forex Investors May Want To Turn To FxDialogue

New Forex Investors May Want To Turn To FxDialogue

FxDialogue has been creeping up as one of today's most popular internet-based Forex brokers. The company started with their add on to MetaTrader, called MexcelTrader, and moved on to becoming a brokerage firm themselves. The add on that started it all is now reserved for investors with an account with the firm, and proves to be an invaluable tool for investors of all experience levels. New investors have started turning towards FxD because of the trading platform options and favorable trading environment they offer.

A favorable trading environment is one that investors can get comfortable with and know that it is made to cater to their needs. Not getting ripped off is one thing, and staying on top of the market is another. FxDialogue boasts an excellent trading environment for newcomers. Their website has an FAQ section full of basic information that anyone looking to get into the foreign exchange market has to know. An ebook can be found on the site as well, and is full of in depth facts about the market, as well as strategy tips for the budding investor.

Perhaps what is best of the learning tools found on the site is the WayBack Simulator, which offers an experience unique to the website. This simulator realistically recreates the foreign exchange market for users to trade on and monitor for practice. A big part of Forex knows how to follow, react, and speculate the market, and a simulator such as WayBack gives a potential investor the chance to learn how to do these things without having to risk any money. Experience that has to be learned with months or years of practice can be jammed into a few week worth of practicing with the WayBack Simulator. This tool is available to all website visitors and requires no login.

Aside from learning, the numbers part of FxDialogue Forex accounts is also favorable. There are two primary tiers of account, LIVE and Advanced. LIVE accounts are the standard option and require a small deposit of two hundred and fifty dollars. Advanced accounts require a deposit of five thousand dollars. There are not many distinct differences between the two account types, and LIVE accounts are more accessible to new Forex investors because of the low deposit. Both options have a maximum leverage of 1:200, which is not too low and not high enough to put new investors at risk if they go overboard.

LIVE account holders gain access to MexcelTrader, the broker's plug in for MetaTrader 4, which comes free with LIVE and Advanced accounts. MetaTrader 4 requires MQL coding knowledge to make the most of it, and that is knowledge that most investors do not have right at their fingertips. In order to make interacting with the market easier, FxDialogue's MexcelTrader plug in for the program negates the need to code and exports incoming data to Excel. This not only makes it easier to deal with as a whole, but also makes it easier to read. This is the most valuable tool among everything the broker offers because it gives newcomers the chance to compete with more experienced investors.

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