Are overseas trading tools difficult? [Erika Nakazato]

Erika Nakazato Profile

Nakazato Erika. Head of Marketing at Saxo Bank Securities Co., Ltd. After graduating from university, she engaged in foreign exchange and derivatives interbank trading at a currency broker and a foreign-affiliated bank. When the company she worked for established “Orient Tradtion FX” as a subsidiary (now called gaits dōto com), she began to be involved in FX trading for many years. Subsequently, she worked at DMM.com Securities, Alpari Japan, and Dukascopy Japan, among others, before her current position.

*This article is a reprint/edited version of an article from FX攻略.com, March 2019 issue. Please note that the market information in the main text may differ from current market conditions.
*This column expresses the personal views of the author and does not reflect the views of Saxo Bank Securities.

In Japan, trading tools are very user-friendly and do-it-yourself friendly, so even beginners can quickly understand what to do with a little tinkering. On the other hand, overseas trading tools are said to be full of icons, with sites that are rough and hard to understand. So they may not be suitable for beginners. Opening an account with a foreign FX company is often imagined as something done by people who already trade with two or three companies. One of these “hard-to-understand trading tools” is Meta Trader4 (MT4), which I would like to touch on.