Discuss Trade.com (Lead Capital Markets)

[Faelar]

Interesting. I wonder what's the trouble. And I'd love to see some screenshots, if you've got any.

 

[Olieng38]

Most of the forex charts are built by bid price. If you do a short trade, your stop loss is going to be executed by ask price, which might be the root of the above trouble. That's difficult to say anythins without additional screenshots. That's true.

 

[Thoris]

That would be my best guess too. I've worked long enough with trade.com to know that they actually have ok executions.

 

[Bearad]

I've always wanted to ask whether you guys trade with trade.com webtrader or use MT4 for this purpose? If you tried both did you see much of the difference?

 

[Thoris]

I only used webtrader so far. it seems to me that I've seen the table somewhere with trading spreads offered for different platforms and I've seen that webtrader spreads were lower than mt4 spreads that had higher minimums. The approach I use for my handtrading does not require any custom indicators to the choice was pretty obvious. I wonder though if mt can gurantee better execuitions? it seems that webplatforms can have worse latency because of the browser limitations.

 

[Bearad]

Thanks for your advice. I haven’t thought about worse latency on Webtrader due to my browser restrictions. I don’t think that it would be critical for execution. However, tighter spreads on Webtrader seems to be a strong argument in favor of the latter.
I heard a lot about customized technical indicators but I’m reluctant to try them. Maybe I will try them later. As of now, I don’t need them. When I took several trading courses, only default indicators were reviewed. What’s more, I heard that indicators are mostly late no matter whether they are customized or default. So, I’m going to stick with Webtrader.

 

[Thoris]

Some traders claim that they greatly benefit from the use of customized indicators, but I find it a placebo.

 

[Olieng38]

I guess that indicators were specially invented to distract our attention.

 

[Gholis]

My friend told me that if indicators told the truth, they would be forbidden.

 

[Clay Davidson]

Your attention may be distracted if you allow it to do so. It’s pointless to blame technical indicators for this. The main thing is that a great number of people still don’t know how to use technical indicators, even default ones. There are classical clues, provided by indicators and these clues always work. For example, it’s divergence that points to a reversal.
When people are learning to use technical indicators on specialized courses, they are taught not to rely on just one indicator when making trading decisions because confirmations are required from several other indicators, but folks often ignore that crucial tip.