MetaTrader often touted as being the best for forex trading. You may be wondering why all of the forex experts and traders recommend the MetaTrader, especially MetaTrader 4. Here are the reasons that make the platform such a popular and useful.
MetaTrader, also known as MT, is a software widely used by online forex retail traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to forex brokers who provide the software to their clients. Using MetaTrader, trader can see live streaming prices and charts, to place orders, and to manage their accounts.
Every time entering the new year, I always try to make resolutions. The goal is to prepare to do everything better than last year. Some resolutions made are personal, and others are special to improve the quality of my trading in the new year. These resolutions help me a lot in improving my trading skills, at least reminding me to trade carefully. Each person's resolutions should vary, according to their own individual needs. But in general there may be the same. Below, I've written some resolutions that will help you to improve trading quality until the end of the year.
To anyone trading in markets, it’s advisable to have a strategy to enter and exit the market. Just ‘guessing’ isn’t likely going to work out too well in the long run for anyone trading in markets. Having a trading strategy can be extremely helpful. What is trading strategy? What is the purpose of a trading strategy? What elements needed to develop a trading strategy? How do we create a trading strategy? All questions answered in this article.
A lot of traders assume trading is easy. Just follow pre-determinded trading plan, waiting for some time, and then make profits. The fact is: Trading is simple, but not easy. Simple and easy are often used interchangeably. But simple and easy are different words with different meanings. Traders should understand the difference between simple and easy. It matters to traders a lot, because this understanding will determine your mindset on how you look at trading.