Oct 15, 2018
Exploring Online CFD Trading and Forex Options
A trading platform allows traders to place their trades in the market. The selection of a trading platform is one of the key decisions that a trader needs to take in their trading journey. There are different trading platforms available on the market for traders. You need to select the best online CFD trading platform in order to get the most out of your experience. Ultimately, the selection of a trading platform depends upon the need of a trader, so you need to choose the option in which you feel comfortable as a trader.
Exploring Online CFD Trading and Forex Options
A trading platform allows traders to place their trades in the market. The selection of a trading platform is one of the key decisions that a trader needs to take in their trading journey. There are different trading platforms available on the market for traders. You need to select the best online CFD trading platform in order to get the most out of your experience. Ultimately, the selection of a trading platform depends upon the need of a trader, so you need to choose the option in which you feel comfortable as a trader. Our site offers the following online CFD trading options:
- MetaTrader 4
- Mobile Trading
Every trader will have their own opinion about what platform suits them best, but some emerge as clear industry leaders. For example, to most people in the forex market, MetaTrader4 is considered the best. It has been around for more than 15 years in the market and currently being offered by all the leading retail forex brokerage houses. Some people prefer WebTrader as their platform as they want to use the platform via their browser rather than installing a piece of software. With the emergence of mobile usage in recent years, an increasing number of people are doing their trading through their mobiles.
MetaTrader 4, also known as MT4, is one of the oldest online trading software programs on the market. It was developed by MetaQuotes and released in 2005, and since its release, MT4 gained massive popularity amongst traders. Don’t let MT4’s age concern you; this is a solid piece of software and most traders still prefer it over MetaQuotes’ more recent MT5. Leading brokers around the world offer their services through MT4 trading platform due to its great reputation and ease of use. Although it was created for the forex market, some brokers also use it for CFD trading.
There are many features of MT4, some of these features are mentioned below:
- Easy to use
- Advanced charting system
- Wide list of trading instruments
- Wide list of indicators
- Real-time news and analysis
- Support for Expert advisors (EA’s)
- One click trading
Easy to use
MT4 is an easy to use platform, it’s very user-friendly as there are not many complications in the platform. As a result, you can begin to use the platform after basic training on the features. MT4 is available in multiple languages as well, you can select the language in which you feel comfortable. The process of opening an account in MT4 is easy as well, you can open a demo as well as a live account in MT4 with simple and easy steps.
Advanced charting system
There are multiple types of charts that you can see in the Chart Window in MT4: line charts, bar charts and candlesticks. You can use any of them according to your need and trading style. Charts are very important for technical analysts; their entire trading system depends upon the charts they use. As a trader, the ability to access multiple charts in MT4, gives you more ability to implement different trading strategies to strengthen your trading system and results. You can open multiple charts at the same time on your trading screen in MT4.
Wide list of trading instruments
The list of trading instruments in MT4 is massive, you can find all the trading instruments you may be interested in, from major currency pairs to indices, from commodities to cryptocurrencies. Everything is available in MT4.
Trading instruments are available in the Marketwatch area of MT4 where you can see list of all the trading instruments. In this online CFD trading platform, you can find forex pairs, contracts for difference, commodities, crypto currencies and indices. So, as a trader you have a wide list of trading products to choose from.
Wide list of indicators
MT4 also supports a wide list of trading indicators as well. As a trader if you are entering into the forex market, you must have a trading plan and trading plan depends upon your analysis of the market. Technical analysts use different trading indicators to develop their trading plan, trading indicators like Moving average, MACD, RSI, Momentum and many others are essential for trading success, MT4 supports all the major technical indicators in order to provide wide list of indicators to its users.
Real-time news and analysis
MT4 provides real-time news and analysis of the market, you can see the latest news affecting the market along with market analysis so you can develop your trading plan as well. You can find news, analysis, and signals in the terminal section of MT4. It is very important for traders to keep in touch with the latest developments of the market, and you can do so by visiting the news section frequently.
Support for EAs and robots
Many traders these days use EAs (expert advisors) and robots to place their trades automatically. Programmers develop these EAs and robots for traders in order to harness artificial intelligence to analyze the market. It is essential for trading platforms to support such programs, as some traders consider them crucial to their trade execution. MT4 supports EAs and robots and traders can place them in their trades through MT4, at the discretion of their brokerage.
The concept of one-click trading is pretty convenient for traders as it removes all the complicated steps in trade execution. MT4 supports one-click trading, so as a trader you don’t need to go through lot of steps in order to execute your order. You can just go to the platform, select the one-click trading feature and it will show up, you can just click that to execute your trade.
So, all in all, MT4 is an easy to use platform with lot of exciting features for both forex and CFD trading. You just need to download the platform and you are ready to start trading through MT4 on your desktop, laptop, or any other supported device.
WebTrader is MetaTrader’s web trading platform designed for online usage through your browser. Unlike MT4 which you need to download in order use and place trades, in WebTrader you can just go online and place your trade without downloading the platform on any device. You can trade wide list of trading products like forex, commodities, and crypto through WebTrader as well, there is also feature of one click trading in WebTrader, you can place your trade in just one click. A key benefit of WebTrader is that you don’t need to go through the process of installing or downloading, it saves you time and effort and gives you access to almost all of the features available in MT4.
WebTrader is simple and very easy to use, just like MT4. You can connect with latest news in the market through the news section in WebTrader. All of the signals and educational resources are also available. You can use WebTrader for your demo as well as your real accounts. WebTrader helps you to save time and efforts and at the same time you enjoy the key features like one-click trading, chart access, signal access, login through demo and live accounts etc.
Mobile trading has emerged as one of the fastest growing trends in financial world. A mobile online CFD trading platform helps you to trade the market through your cell phone or other mobile device. For a trader with a daily routine it can be very difficult to keep in touch with financial markets all the time through laptop or PC because you may not always have them with you. Additionally, as mobile devices are growing more sophisticated, some people are opting not to have a home computer and instead use their phones and tablets for all of their online needs. The concept of mobile trading gained popularity in the recent years because of this reason, and new term emerged “Trading on the go”.
With mobile trading you can move around anywhere and as long as you have connectivity, you can keep track of the market and your portfolio. There are many features of mobile trading which gives you an opportunity to trade the market from anywhere in the world and you don’t need to be in front of your PC or laptop all the time. You just need a mobile and a good internet connection to place your trade. Some of the key features of mobile trading are
- Trading on the go
- Trading instruments and indicators
- Time efficiency
Trading on the go
With mobile trading you can trade anytime from anywhere in the world without any hassle or issue. You can keep track of your trades all the time, you can place trades in just one click, and you don’t need to go to your PC or laptop to place a trade! Just bring out your mobile from your pocket and enjoy the world of financial markets.
Trading instruments and indicators
Mobile trading also supports trading instruments and indicators just like MT4. In online CFD trading, the selection of trading instruments and trading indicators holds an important place, so it is important that mobile trading offers traders all of the choices they need.
Mobile trading is more time-efficient than any other form of trading because it demands less time as compared to others. In MT4 or WebTrader you need to either download or sit in front of your laptop or PC to place a trade. With mobile trading this is not the case, you can just start trading anytime without spending much time on arrangements.
MetaTrader 4, WebTrader, and Mobile Trading are all great options, and the best part is, you can use them all! Many of today’s traders choose to make use of all three of these platforms, in order to have access to the market and their portfolio across all of their devices, wherever they are. Choose the option or options that work best for your situation, and start trading today!