Getting the Most Out Of FxDialogue and MetaTrader
Getting the Most Out Of FxDialogue and MetaTrader
MetaTrader 4 is the world's leading foreign exchange market software. Despite being so widely known and used, it is still cumbersome to use and can take weeks to learn. Forex trading is not known for being easy, but it should not be the trading platform that makes it so difficult. FxDialogue is a broker that has given their own twist to the old MetaTrader formula with their custom add-on MexcelTrader, and in a way they have given the original software a breath of fresh air.
MexcelTrader combines the inherent functionality of MetaTrader and combines it with the easy of use of Excel. This add-on collects market and account information and transfers it to Excel in an easy to follow format. MetaTrader itself is known for being the highest functioning of the trading software options today, but it is also known for taking hours to code properly for the individual user. Most people don't have the time to take care of this, and even fewer new investors want to risk using software that they don't understand. MexcelTrader makes it all much easier to read, understand, and handle. Constant updates are sent straight to Excel and can be watched by the investor, who can also trade through Excel as well as handle their account.
There are several factors that keep potential new investors from jumping into the foreign exchange market, but the trading platform used should not be one of them. The high risk of Forex trading should be their main concern, but many who have accepted that risk and decided to try it out have found themselves lost and even making mistakes with cumbersome trading platforms. It is all well and good to have a piece of software that is fully-functional, but it is not going to do a person much good if they can not use it.
FxDialogue offers their MexcelTrader software with all standard and advanced accounts, but not with their 10-day demo account option. The platform is easy to download, install, and use once an investor has made their account. The minimum deposit for a standard account is $250, with a maximum of 1:200 leverage. This is a good option for new investors because they do not have to invest too much right off the bat, and they have a leverage amount that can still make them viable players on the market.
Not many foreign exchange brokers have real benefits that make their investors happy they chose them over other options. This is not the case for those using FxDialogue as their broker, because they have the help of the powerful MexcelTrader software behind them. Investors with other brokers may have identical or similar initial deposit amounts, leverage numbers, and commission amounts; but only those with FxDialogue have the benefit of being able to handle their invested money as easily as possible. This is what makes them such a popular option among new investors, and keeps their current investor base using their services. The company may not be the oldest broker out there, but they are one of the most advanced.
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