To trade in shares of stocks from companies, you need to sign up with an online trading platform or broker. It may seem like a simple decision, but every experienced trader will confirm how important this decision is for you as an investor. To make this choice, effort is required when doing due diligence checks on each platform as a means to maximize chances of success in making profits. One of the best trading platforms for any trader, beginner or seasoned, is the metatrader4 download.
Features
Once you have considered and outlined what you need a trading platform to do for you which is dependent on your investment goals and stage of learning. There are several features to consider including; support, learning materials, ability to practice, comprehensive glossaries and data. Metatrader 4 offers you features such as;
- Research and Education Tools – The platform offers a wide range of expert research and analysis tools to help you make decisions when trading. The newsroom gives you information about different market performance as fast as it is out meaning you are up to date with any trends and changes some of which could help you make vital predictions. The platform also offers access to a blog that offers useful learning material especially for trading beginners who may want to gain more information on how things work and what different terms mean with easily understandable language. For expert educative purposes, the platform has an academy which offers opportunities to learn through; workshops, videos, webinars, infographics, glossary and publications.
- Client Support – At one point even the most experienced trader will need support which is why the Metatrader 4 platform has a comprehensive support system. From the basic frequently asked questions (FAQs) page which is crucial especially for beginners to a fully illustrated with examples page on how to calculate commission, users are assured that they will get help. Some other support features included in the platform are such as; fixed leverage, holiday hours, expiry dates, and information on how to make deposits and withdrawals. In addition, there is 24 hour support via live chat, email or phone.
- Comprehensive Glossaries and Data – For analysis, Metatrader 4 provides access to two types of tools: Forex trading calculators, which help you in calculating as you trade, and economic calendars which helps you keep up with major changes in the market. The structured data that is available in charts and additional technical indicators, any trader on the platform can made data driven decisions.
- Flexibility – an online trading platform should allow you access across all your devices. Metatrader 4 allows cross device and platform trading meaning that even in cases where you change devices, your trading platform is always accessible for you to trade and make crucial decisions.
- Diverse Trading Instruments – With Metatrader 4, every client gets access to a wide range of products such as; commodities in form of silver and gold, a range of indices, and forex in 61 currency pairs. These options cover everyone from beginner to expert and diverse capital options.
Opportunities
The Metatrader 4 platform offers traders the opportunity to trade with ease due to availability of multiple features, and at the same time hold control of their trading activities since they can do that at any time and on any device. In addition, the platform offers the chance for real time trading as they have access to price changes by the minute. In addition, the platform offers a demo account where new traders can get a real feel of how their live account will work before making a decision.
Risks
Like every other online trading platform, risks associated with Metatrader 4 download are related to computer glitches which when not frequent have a possibility of happening and could cause a loss. In addition, being an internet enabled service, lack of internet connection, slow internet or other issues with it could cost you a chance to close a profitable deal.
Summary
Metatrader 4 ticks all the aspects of a good and trustworthy online trading platform based on the available features and opportunities. With risks associated to computer glitches and internet failure, it is worth signing up if it matches your trading goals and you are ready to make the risks associated with trading because profits are not always assured.
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