MT4 Demo - not just FOREX? - MetaTrader | futures io social day trading
futures io futures trading


MT4 Demo - not just FOREX?
Updated: Views / Replies:2,431 / 10
Created: by YzPlayr Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

MT4 Demo - not just FOREX?

  #1 (permalink)
Trading Apprentice
Great Falls Montana
 
Futures Experience: Intermediate
Platform: MT4
Favorite Futures: NADEX
 
YzPlayr's Avatar
 
Posts: 7 since Oct 2013
Thanks: 0 given, 1 received

MT4 Demo - not just FOREX?

Currently have an Oanda MT4 demo account, but it only appears to offer charts for FOREX. Is there someone who provides a free demo account that goes beyond FOREX, possibly even to cover futures indexes?

Reply With Quote
 
  #2 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NinjaTrader, MT4
Broker/Data: Amp/CQG, Citibank
Favorite Futures: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
 
Beljevina's Avatar
 
Posts: 349 since Sep 2010
Thanks: 379 given, 564 received

GCI's has one of the most extensive CFD instrument offerings of any MT4 broker.

On the plus side, most of the CFDs that have futures equivalents do not expire, which means you don't have to worry about rolling/changing contracts, nor will they be auto-closed for you. CFDs also allow you to go in 1/10 size or less of the size of the underlying futures/shares (ie., platinum, Apple stock) so less capitalization is required and risk does not need to be as great.

On the negative, there's a tick or 3 price differences from the actual future or share prices, which rolls up as their profit. And, some of the charts can have unexpected gaps, often due to the varying closing hours of the underlying futures contract, which can sometimes close earlier in the CFD equivalent. Also, should you trade stocks, there is no afterhours market, so, you could go underwater while the afterhours market is in play.

Overall, there are some instruments I'd not recommend trading here, bond instruments come to mind. Should you venture into this, spend more than ample time working with the demo. Oh, and I know nothing of their reliability as a broker, funds security, money holding/transferring timelines or mechanisms. They've got the standard MT4 standard line on safety of funds, etc, but the vast majority of times these outfits are incorporated in some little known quasi-money laundering locale - don't really know where these guys are.

If you find another MT4 broker with a greater breadth of instruments than these guys, let me know; I'm pretty sure GCI is the most expansive.

http://www.gcitrading.com/cfd-share-trading/contract-specifications

Reply With Quote
 
  #3 (permalink)
Banned: Vendor self-promotion
Limassol, Cyprus
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 7 since Oct 2013
Thanks: 10 given, 2 received



YzPlayr View Post
Currently have an Oanda MT4 demo account, but it only appears to offer charts for FOREX. Is there someone who provides a free demo account that goes beyond FOREX, possibly even to cover futures indexes?

Why did you decide to trade the Forex? Better to to trade on the futures market like we do it of course if you want to make money.

Reply With Quote
 
  #4 (permalink)
Trading Apprentice
Great Falls Montana
 
Futures Experience: Intermediate
Platform: MT4
Favorite Futures: NADEX
 
YzPlayr's Avatar
 
Posts: 7 since Oct 2013
Thanks: 0 given, 1 received

Use MT4 for finding setups on Euro-style binaries on the major FOREX pairs. Looking to see if I can expand the charts to include assets beyond FOREX, since I'm exploring NADEX.

Reply With Quote
 
  #5 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: TWS
Broker/Data: IB
Favorite Futures: Stocks
 
TorontoTrader's Avatar
 
Posts: 41 since Oct 2013
Thanks: 63 given, 6 received


HedgeFundAleksan View Post
Why did you decide to trade the Forex? Better to to trade on the futures market like we do it of course if you want to make money.

Why is futures better than forex?

Reply With Quote
 
  #6 (permalink)
Trading Apprentice
Great Falls Montana
 
Futures Experience: Intermediate
Platform: MT4
Favorite Futures: NADEX
 
YzPlayr's Avatar
 
Posts: 7 since Oct 2013
Thanks: 0 given, 1 received


Beljevina View Post
GCI's has one of the most extensive CFD instrument offerings of any MT4 broker.

FYI - It looks like GCI does not accept US customers.

Reply With Quote
 
  #7 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NinjaTrader, MT4
Broker/Data: Amp/CQG, Citibank
Favorite Futures: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
 
Beljevina's Avatar
 
Posts: 349 since Sep 2010
Thanks: 379 given, 564 received


YzPlayr View Post
FYI - It looks like GCI does not accept US customers.

... probably not, but, it seemed you were just looking for a demo account. Not sure if it is blocking you based on US IP detection, or are you providing a US address of some sort. Try from a wireless/3G conection, or, better yet use a (free) anonymous proxy service to set up the initial account. I don't see how they could limit MT4 access, once you have the account.

Reply With Quote
 
  #8 (permalink)
Banned: Vendor self-promotion
Limassol, Cyprus
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 7 since Oct 2013
Thanks: 10 given, 2 received


TorontoTrader View Post
Why is futures better than forex?

Hello! Because futures market is a real exchange market with a real commodities. and Forex is a virtual market against broker. money does't go to the exchange, so it's like a casino.

Reply With Quote
 
  #9 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NinjaTrader, MT4
Broker/Data: Amp/CQG, Citibank
Favorite Futures: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
 
Beljevina's Avatar
 
Posts: 349 since Sep 2010
Thanks: 379 given, 564 received


HedgeFundAleksan View Post
Hello! Because futures market is a real exchange market with a real commodities. and Forex is a virtual market against broker. money does't go to the exchange, so it's like a casino.

Not true. Forex is a $4B+ 'real' market. The futures market includes currencies and commodities. The currency futures basically follow spot forex values, and whether they do so with a 97% accuracy or 99% is debatable. It is unscrupulous spot forex brokers - located in unregulated geographies who play games with their customers, knowing there is often little legally that they have to fear from both their geography or their customer - that have given the world of MT4 and spot forex an image problem.

There are many decent spot MT4 or other platform brokers out there. Validate your broker is a genuine ECN, with proper deep and multiple bank liquidity. Do not get caught up in spot's 5-decimal place accuracy, pre-news spread widening, spike move stop outs, or sending your money to a broker supposedly set-up on some remote island state, and you will have just as much an opportunity to profit. It's not as if people who know how to trade haven't made genuine profits in spot. But the key is, one needs to know how to trade, and where to trade.

Reply With Quote
The following 2 users say Thank You to Beljevina for this post:
 
  #10 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Advanced
Platform: NinjaTrader, MT4
Broker/Data: Amp/CQG, Citibank
Favorite Futures: CL, GC, 6E, ES, TF, EURUSD, GBPJPY, AUDUSD
 
Beljevina's Avatar
 
Posts: 349 since Sep 2010
Thanks: 379 given, 564 received

Spot FX Market hits $5.3 Trillion in 2013



Beljevina View Post
Not true. Forex is a $4B+ 'real' market.

Don't mean to take a tangent off the path of the OP's original question, but since I knew I quoted a 'older' $4 Trillion figure (I typo-ed a $4B above, oops ), thought I'd update here with the latest BIS sourced data that the global FX market has reached $5.3 Trillion in 2013. Data sourced here from a BIS report ( http://www.bis.org/publ/rpfx13fx.pdf ) and the neat infographic below was created by Australian based MahiFX.

Attached Thumbnails
MT4 Demo - not just FOREX?-5.3-trillion-fx-volume-2013.png  
Reply With Quote

Reply



futures io > > > > MT4 Demo - not just FOREX?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
First Demo, wow CaseyNewYork Beginners and Introductions 2 December 26th, 2012 10:20 PM
Does anyone know how to reset a multicharts demo? Treggs MultiCharts 15 November 25th, 2011 06:33 PM
Demo is up jameseric NinjaTrader 3 November 7th, 2011 06:08 PM
MT4 ordering appl. , range chart for MT4 ,Is there such an animal ? Manfred MetaTrader 3 May 22nd, 2011 11:29 AM


All times are GMT -4. The time now is 11:03 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.14 seconds with 20 queries on phoenix via your IP 54.226.113.250