You have already seen ads all over the web on FOREX trading and how they can make you rich overnight, but at some point we need to get to basics
Like every good secret agent or professional, you will get your tools and weapons to succeed in your mission. There are many out there like Metatrader 4, some are good and some are not so good.
What I’ll talk here about is the almighty MetaTrader 4.
I call it almighty because it started it’s known public life in 2005. Yet today it is the platform of choice for many many many traders, professional and amateurs alike.
By today’s technology, marketing and whatever life-cycle standards you would consider it a dinosaur. But this dinosaur evolved and learned new tricks, it adapted to the market and made itself the top used platform for FOREX and other products trading terminal.
I’m putting below a little design of the architecture used for Metatrader 4. You see that everything is well placed, modular, flexible and yet functional, serving the most demanding Traders.
Metatrader 4 gives you all you need. You use it on you PC or Mac, your tablet or mobile phone, whenever and wherever you are.
You can place market orders, stop and limit, you can do hedging on you positions and pairs and much more.
It gives you the possibility to create your own robots and/or indicators in a programming language that has evolved through all this years of operation. There are a lot of good resources on Metatrader 4, and the best I can suggest is ForexFactory.
You get an easy to use terminal and a bunch of on-board things you can play hard with.
Hope you enjoyed this post.
Looking forward to seeing you back soon.Tags: Algorythmic Trading, Binary, CFD, Console, Dollar, ETF, Euro, FOREX, High Frequency Trading, Oil, Pound, Precious Metal, Yen