It cannot be denied that most novices in forex trading have one question in mind at this point: why is it that many believe that MetaTrader 4 is the best forex trading platform? Well, many experienced currency traders would definitely point out that there are countless reasons why the above-mentioned platform is a cut above the rest. On the other hand, there are those who would argue that MetaTrader 4’s “dominance” lies in its three core aspects: simplicity, customizability, and analysis capability. Aspiring traders who would like to learn more about such an impressive platform should definitely read on.
As pointed out beforehand, MetaTrader 4, being the best forex trading platform, shines in terms of simplicity. It should be emphasized though, that simplicity in this context does not pertain to its array of features. Instead, the word describes the aforementioned trading platform’s streamlined interface. Indeed, even those who are using the software for the very first time would not end up confused as to what needs to be done just to carry out basic tasks. After all, MetaTrader 4’s main screen is quite similar in design to those of popular word processing applications: buttons and options are all neatly lined up.
Aside from having an interface that is easy to use, MetaTrader 4 also boasts of top-notch customizability. Of course, people who are just beginning to understand the various facets of forex trading would barely appreciate the significance of the best forex trading platform’s ability to have its display’s aesthetics altered. One should always keep in mind that monitoring trends in a currency’s price are not the simplest of tasks. Given that traders often have to keep track of multiple currency pairs at once, even the seemingly unimportant feature of being able to alter the colors of charts becomes indispensable for the sake of clarity.
Many consider MetaTrader 4 as synonymous with superb analysis capability. Indeed, the best forex trading platform never fails to satisfy even the most demanding of currency traders. After all, it does have nine timeframes, which are truly important to those who mainly engage in scalping activities. In addition, the aforesaid trading platform features 50 different types of indicators that can be used interchangeably as well as simultaneously, making it possible for traders to obtain the most accurate results during analysis. Many would also point out that MetaTrader’s three different chart types make it easier for traders to come up with predictions.
There is only one forex trading platform that continues to impress traders throughout the world. To reiterate, MetaTrader 4 is the definition of interface simplicity, which eliminates the need to spend countless hours just to learn how to use the platform’s various functions. As also emphasized, the above-mentioned trading system excels in terms of customizability, since the aesthetic aspects of its display can be easily changed. Of course, MetaTrader 4 also makes analysis undeniably easy to carry out, as it has multiple time frames, indicators, and chart types. All in all, there is no question that MetaTrader 4 is the best forex trading platform.
Brokers compare – Best Forex broker and best trading site
When you as a starting Forex trader think you are ready to start trading currency, you need to find the most reliable and best online Forex trading site. Do you wonder what the best broker is that suits you?
Looking for a reliable Forex online trading site?
Unfortunately, there are plenty of internet trading scams and it is important to learn more about the best trading site where you can put your money with a good feeling and safe and regulated.
First, we have to focus on what is the best broker for online trading. Online trading sites are companies that offer foreign currency traders access to a trading platform that allows them to buy and sell foreign currencies or other financial assets. Currency traders use these brokers to gain access to the 24-hour foreign exchange market or possibly other financial markets.
A Forex broker or currency broker, often referred to as an online Forex trading site, accounts for a very small part of the total foreign exchange market volume. Currency traders pay mainly for the spread – the difference between the bid price and the selling price of the currency pair.
The first thing you should look for before opening a Forex account or trading account is looking for a reliable broker, such as the best AFM regulated trading sites or a regulated broker in countries with strict regulations.
The vast majority of trading sites offer Forex trading online Forex accounts to test their services and Forex trading software.
Testing the trading platform is a good thing, but it is especially important to choose a regulated broker in real life because the trade conditions of fraud sites are often very attractive. Let’s analyze together the best Forex trading site and Forex broker and how to choose the best broker that suits you to start trading.
Forex demo account
As you may know, the foreign exchange market has a very large daily trading volume and is, therefore, one of the largest financial markets in the world because there is no central market for the foreign exchange market, traders must choose a reliable trading website to trade online.
Unfortunately, there are a growing number of scam trading sites and it is very important to choose the right and reliable Forex trading software. Finding the best online broker to trade on the stock market is not easy and we present you with some rules for choosing the best broker or best trading website that suits you. The first step is to start with a regulated broker.
The legitimacy of Forex brokers is more central than ever in 2017. Abuses are recognized and laws are passed to curb deceptive offers from brokers.
Is it enough? Of course not.
The web is large and new brokers regularly appear, making it even more difficult to answer the question: what is the best Forex broker for me. Many investors have already gone wrong with unreliable brokers.
To prevent this type of accident, we strongly recommend choosing a broker that offers all guarantees and licenses for a fair service. The most popular accreditations are the license, regulation, which depends on Cyprus, which is in fact the least reassuring of the European market. Many brokers that were on the blacklist of the AFM were connected to this license.
The last Options
We can, therefore, believe that the license is the absolute minimum. For more security, the first thing you have to check for the best trading site or best broker is to check whether your broker is regulated by the AFM or British FCA (Financial Conduct Authority).