The running $5 trillion daily turnover of forex is mainly down to the huge technological advances of the age. Being an entirely web-based decentralised market, forex trading requires a level-best online platform which today’s technology can garner. And it is of no surprise that this high-tech attribute is applied to trading too. For a trader, the first step towards getting a slice of this tech cookie is Metatrader Download.
What is Metatrader?
It is the virtual equivalent of trading software which can be used by a trader for daily forex functionalities. It is the go-to software for beginners to serious traders alike. A Metatrader download provides any individual with a perfect platform for trading.
Benefits of Metatrader Download
FX trading via this software effectively opens a trader with the following features: -
This software is available for both PC and Smartphone use; it is available for Windows, Mac and Linux-based OS in PC’s and also for Windows iOS and Android-based smartphones. A trader is thus able to access FX trading mainframe from anywhere anytime given that he/she has a proper functional Internet connection.
For a trading platform, there are a few specifics which are compulsory must-haves. This software compactly includes all of the most important ones, viz. : -
Execution Modes, Time-frame Logistics and Order types
Live-Charts and Analytical tools
Algorithmic market forecasts and overtures
Live trading signals of other trader/traders
Notifications and Alerts
Options to availing the services of indicators or FX robots
MetaTrader Demo account
Re-quotes are a major drawback for any trader. A re-quote is when an actual quote of a trader becomes non-existent, and the broker subsequently is forced to place the next best quote. This happens only when the market has moved away from the mentioned quote by the time the broker has received the order to place it.
The primary fault in case of such happenstances is low responsiveness of the FX platform in use. However, the 4th gen version of this software has been reviewed by users to have excellent responsiveness thus avoiding re-quotes completely.
More about metatrader:
The 5th generation version of this software MetaTrader® 5 has been made available to subscribed traders and thereon to investors. Connected to live broker servers throughout worldwide, this software can provide live real-time quote and graphs with ease. Although mobile iOS versions are technologically limited to 24 analytical tools and 30 technical indicators; further add-ons are accessible in case of iPhone or iPad versions of metatrader download.
The PC version is up-to-date with all the given shebang; it is the perfect alternative and even a first choice for professional traders and brokers in FX trading. Freelance brokers find this software extremely helpful due to its hands down utility and affordability.
The option of purchasing or availing FX robots has also been added to metatrader download for desktops and laptops. For a trader wishing to take a sabbatical from a busy schedule, he/she can opt to programming orders and employing an FX robot for that duration.
Keeping up with the technological advancements in forex, using softwares is an obvious step towards a future where forex is easier, faster, smarter and more profitable for anyone with an aptitude and hunger for it. Metatrader download is the next step forward.
“Technology is the final leap of faith towards a better future. Embrace it.”
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.