MetaTrader – The Most Popular Trading Software
Metatrader is the most popular trading software that traders use every day as a main trading platform. It is the most common trading platform to date for trading in the Forex market. Within less than a second, you can buy or sell currencies/ stocks/ CFDs/ Commodities/ Metals. It acts as an intermediary between the broker and the trader.
The advantage of the Metatrader program is that it was created specifically for Forex. It has many technical tools built in it and its terminal has its own programming language, which allows you to create advisers for automatic trading. Metatrader is very easy to use and only within couple of hours anyone can understand the basic principles of its operation. This program can be fully configured “for yourself”, and it has a built-in channel, where you can receive news. Metatrader has several types of orders built in, you can open both straight away from the market or set a pending order.
In order to start working on the trading platform Metatrader, it is enough to go to the broker’s website and find a link where you can download the terminal. Downloading Metatrader from any broker is completely free of charge. Next, you need to run the downloaded file and follow the instructions, nothing complicated.
After you open the Metatrader program, you will need to open an account. We advise you to open a demo account to begin with and try to work with the program and check its functions. Furthermore, you can also use a demo account for learning Forex trading and for test some trading strategies. We advise you to keep your passwords safe, as it happens that you may open several accounts. As you can see, everything is simple! It’s enough to download the Metatrader program and you will become a successful trader. Just kidding, of course 😊
Do not be embarrassed by the fact that you have opened a Demo account. It has absolutely all the possibilities, as the real one. Many people say that when trading in a Demo account in the trading terminal Metatrader it is impossible to feel the whole gamut of emotions that you feel when trading on a real account. This is not true! Emotions will be there, believe me, but you get the opportunity to try for free and understand whether you need it, and whether you really want to trade. Only after achieving stable results of work on a demo account, you can move to a real account.
It is often advised to open a small real account, but we absolutely do not understand why this is needed. If you open a cent/micro account, then it is unlikely for you to be upset by losing a dollar or two. No one treats the small amount seriously and therefore it is not very recommendable. Note that these small amounts gradually add up to quite large sums. You will still most certainly lose this money, so it’s better to spend them on something more useful. Therefore, it is better to first learn on a demo account as it is completely free. When you have developed your own trading strategy, which you tested for several months on the training account and made sure that it really makes a profit, then you can open a small real account.
We wish you successful trading!