Are you looking to trade in CFD with MetaTrader? Are you one of those types that like to make money just by staying at home? Do you feel lazy getting up from your computer?
Well if you have the above symptoms then you will be ecstatic to know that trading on MetaTrader CFD is as easy as Forex and other assets.
To give a bit of insight about MetaTrader, it is a platform that individuals use to conduct trades with Forex, commodities, indices, futures, and others. CFD allows a trader to take advantage in all of these assets along with stocks.
A Contract for Difference involves settling the cash differences in the initial amount when opening the position and current amount when closing the position. Usually conducted between an investor and a broker, the latter provides the former with the leverage.
The leverage allows the trader to secure a large poison by investing a small amount and thereby CFDs have massive advantage over traditional trading.
With MetaTrader, traders can take part in the following CFD trading:
CFD gives traders the opportunity to trade with foreign currencies similar to Forex. A trader can conduct CFD trading with over 300 forward and spot currency pairs including the majors, minors and exotic.
Few pairs which traders can use with MetaTrader are EUR/USD, AUD/USD, NZD/USD, USD/JPY, GBP/USD, USD/JPY, and USD/CHF. Trading for these pairs fall from Sunday to Friday through 21:00 and 22:00 hour.
MetaTrader CFD allows traders to conduct trades among Nikkei 225, S&P 500, Dow Jones, NASDAQ 100, FTSE 100, DAX 30, and CAC 40 .
Trading for Nikkei 225, S&P 500, and Dow Jones are conducted through Sunday to Friday from 11:00 to 9:00 pm.
DAX 30 and CAC 40 are traded through 7:00 am to 9:00 pm and that of FTSE 100 from 8:00 am to 9:00 pm all week around.
Trades for Nikkei 225 begin from 12:45 am to 3:15 am and 4:15 am to 7:25 am throughout the week.
Commodities are other assets which traders can make CFD trades through MetaTrader. Gold, silver, and crude oil are the most popular commodities among the CFD market.
Other assets available are cocoa, coffee, cotton, platinum, natural gas, gasoline, palladium, live cattle, wheat and others.
Most of these products have a trading time of 23:00 to 22:00 Sunday to Friday with a break from 22:00 to 23:00.
Traders get a limited option while trading with shares through MetaTrader CFD. Shares are country based and the most popular ones are US, UK, Canada, Austria, Belgium, Denmark, Finland, and are conducted through various times based on GMT.
Other shares of countries are Switzerland, Portugal, Norway, New Zealand, Singapore, Japan, Sweden, Spain, Germany, France, Italy, and others.
Traders accustomed with MetaTrader CFD can easily trade with it in their home with computers or with their smartphones. MetaTrader is available for Windows, Mac, Android, and iOS; and also with a Web Platform that lets them conduct trade online with just their web browser.
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.