Trader's Main Working Tool
Trading in financial markets (on binary optionsat forex marketat stock marketat cryptocurrency) allows you to earn from home, it has long been known to all.
If you want to be active in exchanges, to receive a huge amount of relevant information and analyze it in order to develop a strategy, you can use special software, without which it is impossible to conduct transactions - trading platforms.
A Window to the World of Finance
Trading platforms (terminals) are specially designed applications through which you can manage your assets, monitor the market and make transactions. They are designed to provide the fastest and most affordable way to manage capital. There are about two dozen different programs on the market that are designed specifically for trading forex instruments. Among them, there are three main terminals, maximally optimized for effective trading.
Most popular among traders
Today the recognized leader among programs for Forex trading is MetaTrader 4 (https://www.metatrader4.com/ru). This trading platform is free and is able to offer the widest functionality. You can trade on the exchange via any device, be it a desktop computer, smartphone or tablet. On all devices you will have access to a wide range of tools and indicators for forex trading. You can also customize the application interface to your own taste and needs in order to follow the charts as quickly as possible, build a trading strategy and monitor the status of your trading account.
For example, the moving average (Moving Average) is one of the most popular indicators among platform users. It is a line that shows the average price movement. For this purpose the levels are added Japanese candles for a certain period of time and their arithmetic average is calculated. In this case, the trader can set the duration of the period according to his preferences.
In addition, MetaTrader 4 implements advanced trading automation features in integration with a large database of indicators and robotic advisors. You can modify existing ones or develop your own robots and indicators to create the most comfortable conditions for profitable trading.
Innovation for traders
MetaTrader 5 (https://www.metatrader5.com/ru) is the latest generation of Forex trading platforms. The program got extended functionality and increased data processing performance. Despite the fact that the application is still inferior in popularity to the previous version, it is actively gaining momentum. In appearance, the interface of MetaTrader 5 is almost the same as that of MT4. One of the distinguishing features, in comparison with the previous version, is the appearance of a new tool "Calendar". This is a high-quality and interesting enough update, thanks to which you can view news events scheduled for the week ahead.
In the updated terminal you will get more timeframes, the depth of market, and the ability to move the SL and TP levels with the mouse right on the chart. Additionally, serious work has been done on order processing speed, new indicators have been added to the program, and the list of instruments for technical analysis has been enlarged. All this together will greatly expand your capabilities and simplify your trading.
However, with such a wide variety of MT5 features, it cannot be called difficult to learn and work with. This platform can rightfully be considered one of the most intuitive platforms available today, and it has one of the widest sets of tools for traders. MetaTrader 5 is gaining popularity on a daily basis and may very well take the leading position among similar applications in the near future.
On the negative side, many traders who use Expert Advisors and indicators from MetaTrader 4, note the inability to switch to a new platform because of the incompatibility of these tools with the terminal.
For those with many hands...and bills
The MetaTrader 4 MultiTerminal platform stands out among the competitors with its ability to work effectively with several accounts simultaneously. The terminal will be of interest to both private traders and professional managers. The program allows you to open orders on multiple accounts simultaneously. You only need to choose a trading method beforehand, and the system will automatically distribute volumes on orders. You can manage up to 128 real or 10 demo accounts. One click is enough to open a position on several accounts at once. And the internal reporting system will provide full information on all performed actions at any time.
The trades are opened in the special tab "New Order", for this purpose it is necessary to choose a currency pair and to set stop loss and take profit values. Then it is necessary to specify the volume of the transaction, as well as the principle of distribution of this volume between accounts. This option is available in several variants:
- predefined volume - manual volume display for each invoice;
- total volume - for each account, orders of the same volume (which was specified in the previous field) will open;
- equal portions - the volume of the transaction will be equally distributed among all accounts;
- based on the ratio of funds - the volume will be divided between the accounts in proportion to their balances;
- based on available funds - the volume will be distributed among the accounts. in proportion to their available funds.
In the tab "pending order" you can set one or more limit orders, setting for them the exact price at which they will be closed.
This platform is less popular than the two mentioned above, and not every broker allows to work with it.
But if you want to try it out, you can use Amarkets - is one of the few companies that provides the opportunity to trade via MetaTrader 4 MultiTerminal. Working in MultiTerminal, you can use both existing MetaTrader 4 accounts and create new ones.
Market in a smartphone
Thanks to technological developments in Internet trading, this sphere of services has become one of the most developing on the financial market. Now almost no trader can do without a mobile terminal, and Forex trading has become a very easy-to-access activity. At the same time, the potential impressive profits attract more and more traders and investors.
Thanks to such platforms, using a single account, you can actively work in financial markets, simultaneously making transactions with stocks, options and futures. Solutions from MetaQuotes, a developer of trading platforms, occupy a leading position on the financial services market. These applications offer clients the most necessary and time-tested technologies as well as exclusive features that make trading as convenient, easy and, what is important, profitable as possible.