subject: The Benefits Of Forex Trading With The Metatrader Platform [print this page] There are many different software systems, programs and platforms available for you to choose to trade Forex with, so why choose MetaTrader? There are various different reasons why, all of which vary from person to person and they can depend largely on how experienced of a trader they are, but one of the main reasons for anyone is the cost factor.
MetaTrader is completely free to download and it is available for several different operating systems on both computers and mobile devices, something which not a lot of other programs offer, as they are regularly only available for the one operating system and with no support for any form of mobile device. This latter aspect may not seem particularly relevant at the moment (or at all 2 years ago), but with the substantial increase in Smartphone usage in recent months, it is expected by many traders that platforms should be available on mobile devices in the coming months.
A second consideration is the level of support available to MetaTrader users. There are several different options available with the customer support, such as receiving help directly from the programmers, from third parties and from the countless number of currency trading forums online, for which a copious amount are dedicated solely to the MetaTrader platform.
Something for programmers and computer-savvy users to consider is that this particular program has its own language and code and is easy to learn and to create both Expert Advisors and Custom indicators. Therefore, if you are savvy with the C++ computer language (or the MQL-4 language), you can easily customise several different aspects. Additionally, MetaTrader is great for brokerages to use with the MetaTrader Multi Terminal system, as it to is particularly easy to customize.
A final consideration in choosing MetaTrader is its ubiquity, with over 300 Forex brokers utilizing the MetaTrader system. Whilst this might simply show its popularity, it offers something a lot more interesting to traders of all abilities by allowing for them to switch between brokers whenever they wish. Rather than having to continually learn and acclimatise to new platforms should you decide to change brokers, the popularity and extensive use of MetaTrader ensures that you can easily move from broker to broker without any major complications.
With its ease of use for first time traders, various possibilities for programmers to amend it to their own needs and evidence that it is by far one of the most popular trading platforms used by Forex brokers all around the world, it is easy to see why MetaTrader could be the right choice for trading Forex for you. Although it can be argued that there are other platforms available that are just as good, the ultimate deciding factor, particularly for those who are new to Forex trading, will be the fact that it is by far one of the most supported platforms currently available. Other Forex trading programs may be available and they may also match MetaTrader in various factors, but it is highly unlikely that they will meet the expectations of new and experienced traders alike in terms of necessary support features, something which MetaTrader does phenomenally.
by: Jeremy Watts
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