subject: Working With FxDialogue And MexcelTrader [print this page] Working With FxDialogue And MexcelTrader
FxDialogue is one of the most popular Forex brokerage options among traders today, and for good reason. Their trading conditions are favorable for both new and experienced traders, and they offer tools that no other broker comes close to. Their most famous tool is MexcelTrader, a plug in for the popular trading platform MetaTrader 4. MexcelTrader makes using the MetaTrader platform much easier in a multitude of ways, so much so that even people new to Forex and trading platforms in general can learn to use it in a matter of minutes. This plug in is what makes the broker so popular, especially among people who are new to the foreign exchange market.
The first and biggest boost that MexcelTrader provides MetaTrader 4 is the lack of a need for excessive coding. MetaTrader is notorious for the amount of MQL coding needed to really work with the program, and creating expert advisers can take days worth of coding. Coding MQL is not a skill most people have, and it has deterred many a potential trader in the past. MexcelTrader negates that need by importing the most important features of the original program over to Excel in an easy to read format of a spreadsheet. Any and all market orders can also be made via the Excel interface when plugged into MetaTrader. It is very easy to create macros to make handling the software more easily overall as well.
The first thing anyone should know is that MexcelTrader is only compatible with Excel versions 2007 and 2010. Investors with older versions of the software will need to upgrade. Aside from this minor drawback, the plug in truly excels at what it does. No other platform interface is as easy to use and as streamlined as that of the native MexcelTrader exported interface, and every bit is customizable to fit an individual user's needs.
While the platform itself is impressive, FxDialogue is no less impressive itself as a broker. New investors have been turning to the firm for their needs because of their 10 day free trial and low LIVE account deposit amount, while investors with more experience under their belt are turning to their Advanced account option because of its customized MetaTrader build and tight pips as low as zero.
The environment as a whole, both financially and function-wise is proving to be a treat for all experience levels. In most cases, seasoned and new Forex investors often end up choosing different brokers. Most new investors aim for brokers that have mini accounts that require a small deposit, while experience investors look at the actual numbers part of the game: leverage, tight pips, and commissions. The internet is host to numerous brokers, most of which suited to one type of investor or the other. FxDialogue is aiming to change that with account plans that cater to both spectrums, while offering the type of environment that any foreign exchange investor would like to work with. Their investor tools more than make using their services worth switching or starting.
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