Summary: 1000pip Builder is a platform that enables you to trade forex through a single service. 100pip Builder has become increasingly popular thanks to their reliable signals and consistent profits generated using their signals. They use a combination of both fundamental and technical analysis to generate their signals meaning that the more traders using the platform the stronger the incites become.
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Are Forex Trading Tools Worth it?
Using a tool to assist in developing signals in order to trade is a personal preference with many traders omitting the use of external tools. However, not using trading tools can be very dangerous as any view of the market created will ultimately be through a narrow lens. Additionally, not using a tool will most likely limit you on the types of forex trades you can make due to a lack of information.
That is not to say having the right forex tool will make you the best trader in the world overnight. All any tool can offer you as a trader are some insights into what’s going on in the market, and what mathematically is expected to happen.
Is 1000pip Builder the Best Forex Tool
Unfortunately, when it comes to tools for trading forex there aren’t any bests. That being 1000pip Builder does definitely have some great features which might make it the best tool for you.
One of the features that makes 1000pip Builder stand out in the market is the limit on the types of currencies it will provide signals for. Currently, it limits the number of pairings to 15 focusing on the major currency pairings, which are USD/JPY, USD/EUR, USD/GBP, and USD/CHF. For more advanced forex traders having only 15 could be seen as a detriment, however, if you’re just starting out or an intermediate trader the pairings 1000pip Builder offers will help you develop and hone your strategy.
Additionally, by limiting the number of pairings that they look into, 1000pip Builder is able to offer more consistent and accurate information. Which can be sent to you up to 7 times a day, allowing for fast decision-making to be possible even if you’re not at your computer.
Not having to be at your computer is an important plus, especially for forex trading which takes place 24 hours 5 days a week. 1000pip Builder takes this one step further by enabling integrations with many forex trading robots. So, once you figure out the indicators that make the most sense to you, you’ll be able to automate your trade fully, while still getting notifications about what’s happening in the market.
To look through additional features of the platform you can read this 1000pip Builder review.
What’s the Competition Like?
If you’re looking for a platform and are a more advanced forex trader, the closest comparable platform to 1000pip Builder would be 1000pip Climber. They offer almost the exact same services and features as 1000pip Builder. However, they are far more structured towards helping traders who already have some background in forex trading. So, if you’re just starting out, it may not be a great fit for you. If you’re interested in learning more about 1000pip Climber you might want to consider reading a 1000pip Climber review to see if it’s a good fit for you.
For more advanced traders the two more widely used platforms are ForexSignals and ForexView. Both platforms offer much more in the way of information and community building than either 1000pip Builder or 1000pip Climber. However, if you’re just a beginner or intermediate trader, following the advice of other random traders may not be the best strategy while you try to develop your own and come to understand your own risk profile.
An important note about these more advanced tools is that Forex View is not available if you live in certain countries. These countries include the United States, India, Iran, Cyprus and North Korea. It is currently undisclosed whether they allow people living in Russia at this time to trade as well. Either way, if you are an advanced trader living outside one of the above countries then you might want to read this Forex View review to see if there is a good fit. If you do live in one of the above countries, you’ll be limited to Forex Signals. Forex Signals is a bit pricier than Forex View but you can read this Forex Signals review to see if the price difference is worth it to you.
Should I use 1000pip Builder?
Forex trading like any other investment comes with inherent risk. For that reason, you should carefully consider what tool makes the most sense based on budget and desired involvement in actively trading forex. Something not usually mentioned but worth noting, the most successful forex traders usually don’t trade with big trends. They prefer to see multiple small gaps throughout a year and leverage those to make their profit.
If after reading this1000pip Builder review, you’re interested in checking out the site you can click here and get a discounted membership.
About Carson Derrow
