0
0
Online transactions are no longer the domain of professionals. Online investment platforms have multiplied in recent years and have become an effective and simple means available to anyone interested in trading and investing their savings, from the comfort of their own office or, why not, even from their couch.
Thanks to this software, anyone who wants to can decide to invest in the stock market with a personal account and complete freedom of action. There will be no brokers to contact and you will be able to manage your capital as you see fit. In short, a solution suitable for traders who have minimal experience and are aware of the risks involved in investing in the stock market. At the same time, trading platforms are becoming simpler and more intuitive to use, so that everyone can “test themselves” and trade on the stock exchange wherever they are.
What are online trading platforms
As the name suggests, trading platforms are software that allows you to “contact” the investment markets and manage a large and diversified portfolio. The trading software allows you to trade the markets around the world in real time from your home or office without the need for financial intermediaries. Therefore, you have the freedom to choose how and how much to invest in individual operations, how to compose your portfolio and how and when to modify it. In short, you are in full control of your capital and your “destiny”.
Best Online Trading Platforms: MetaTrader
One of these platforms is MetaTrader, one of the safest and most widely used software platforms for both professional traders and beginners around the world.
MetaTrader 5 is software made by MetaQuotes and an improved version of MetaTrader 4, its big sister. Several improvements have been made in the new release, especially in the programming of trading instruments such as robots which are used in scalping or high frequency trading. Its programming language is simpler and easier to manage.
This platform can handle even more financial instruments, all kinds of markets, trades and trading setups, with almost no limits to flexibility and scalability.
MetaTrader compatible with devices
MetaTrader is available for iPhone, Android, Linux and Windows. The MetaTrader mobile application can be useful especially for monitoring open positions and managing unexpected events when we cannot sit down in front of our computer, but it has some limitations for everyday trading; therefore, for permanent, complete and careful trading, we always recommend the full version, ie Windows or Mac software.
How to use MetaTrader?
To use MetaTrader 5, the first thing you will need is an approved trading account with a trusted broker. After completing this step, you can download the platform from the broker’s website and proceed with the installation. After obtaining the login details for the MetaTrader platform and completing the process of installing the platform on your device, you can start the program. After installing the trading platform, all you have to do is log in with your username and password and start trading the financial markets.
In the last few years, the MetaTrader web version has also been available, allowing users to trade from any device without having to download and install any software on their device. Thanks to WebTrader, all you need is an internet connection. An exclusive plugin has also been introduced, with improved features and a few extra tools, including expert advisors and specialized indicators: MetaTrader Supreme Edition.
What markets are available on MetaTrader?
The markets available on the trading platform depend on the broker you choose to open a trading account with: the range of financial assets offered varies from broker to broker, as well as terms and costs. In most cases, however, you can find Stocks, Indices, Commodities, Cryptocurrencies, and Forex currency pairs.
One of the advantages of the new version of MetaTrader is that it has some tools for those who don’t have much time to study the markets, so you can leave it programmed to certain parameters and the platform will continue to work on its own throughout the day. However, some guidelines for buying and selling will need to be established so that the platform knows how to act when it detects a trading opportunity.
Learning to use the MetaTrader platform: tips
To learn how to use MetaTrader platforms, one of the best ways is to use a trading simulator, or more commonly called a demo account. With virtual money and real market conditions, you can experiment with risk-free trading by testing and training your skills and learning more about the features of your platform. Becoming an expert in this field is another story.
When you want to deposit real money and start investing in the stock market through MetaTrader, there are several factors to consider.
First, a thorough understanding of the platform is essential. Second, it is advisable to draw up and test in advance a good trading plan, i.e. a guide to follow when deciding how to invest or react when the market moves against us. It is also essential to have a simple and effective strategy and to use good risk management. In this sense, we need to know how much money we are able to invest without putting all of our capital at risk. Continuous training is required to be able to manage all these details with ease. Most brokers offer this service to their clients for free.
