Thursday, January 22, 2009

MG FOREX


We liked the dynamic news feature. If you’re wondering why this is such a buzz with us you probably haven’t traded the forex markets enough to realize that the markets can turn on a dime with any economic announcements, or other just released news items that can effect the currencies. Knowing what is happening with the market due to a new announcement could mean the difference of making money or losing it - it’s therefore imperative that the forex trader has the facility to view live announcements (even if they’re just summaries, or headlines).
MG Forex also allows free access to ForexNews charting and news package which is not a bad feature, however, it would’ve been better if MG partnered with ForexNews so that the remaining trading features offered by MG could have been integreated inside the ForexNews package. Unfortunately though to maintain free access to ForexNews’ platform the client must keep a balance greater than US$500.
One other aspect that we liked was the 400:1 leverage offered!

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