MetaTrader 4 - Benefits, Use Cases, Recommendations - fingerlakes1.com

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MetaTrader 4 - Benefits, Use Cases, Recommendations - fingerlakes1.com

MetaTrader 4 - Benefits, Use Cases, Recommendations - fingerlakes1.com

Posted: 24 Nov 2020 12:17 PM PST

A trading terminal is a key tool of any trader. It is software for quick interaction between a trader and financial centers to carry out various types of operations. One of the most popular trading platforms today is MetaTrader 4 (MT4). It covers everything that is necessary for trading and comes with a pack of different instruments.

MT4 is a convenient solution for trading on the Forex market, performing trading operations, technical analysis using indicators, testing trading systems, and working with advisors. There are web versions of MetaTrader 4 along with Android and iOS mobile applications. With MT4, trading is flexible and convenient regardless of the complexity of the trading strategy.

What Makes It Popular?

MT4 is currently in demand and is the undoubted leader among trading platforms. The set of terminal functionality will satisfy any trader no matter what trading experience and knowledge he has. Among the most prominent advantages of MT4 are the following ones:

  • Ease of use and customizable interface;

  • Extensive functionality that covers indicators, quotes, graphical tools, three types of charts, regularly updated news feed;

  • Nine time periods for charting;

  • The possibility to create new indicators and advisors, lock positions and independently manage multiple accounts at the same time;

  • Program compatibility with an extensive online library of custom indicators and expert advisors;

  • The NDD system works without the participation of dealers in the process of executing client orders, directly connecting the trader with the interbank market.

Unsure what instruments to make use of when on MT4? Simple step-by-step instructions will tell you how to work with the terminal.

Step 1

In the MT4 Market Watch window, double-click the currency pair symbol that you want to trade-in. Here, you will see a table with all the currency pairs available for trading and the current real-time Buy (Ask) / Sell (Bid) prices. This window also displays CFDs (Contracts for Difference) and other instruments that you can trade (spot metals, stocks). Double-clicking on any symbol opens a window for entering a MetaTrader order.

Step 2

Select the number of lots you want to operate with and then click the Buy or Sell button. Going to the volume drop-down list, you can select pre-assembled sizes from the list. If you want to place your bet, click the Buy button.

Step 3

Confirm the deal after you click the Buy button; information about the execution of the deal will appear in the order entry window. The new window will contain the confirmation number and the price at which the order was executed. When you click the OK button, you will return to the main screen of the system.

Step 4

Close a position in the trading platform. In the main window of the trading system, click on the trade tab to see if you have open positions and pending orders. To close any position, double click on it. When you press the yellow button to close a position, you will see confirmation information: number and closing price.

All the above features are designed to make the life of any trader easier and care-free. You do not have to be an expert to use all the platform features and tools.

CFH Clearing and Finstek Team up to Improve Liquidity Offering - Finance Magnates

Posted: 25 Nov 2020 07:03 AM PST

liquidity, cryptocurrency, forex, brokers

CFH Clearing Limited, a prime of prime broker and liquidity provider, announced this Wednesday that it has partnered with aggregation and bridging technology provider Finstek.

Under the agreement, brokers using the MetaTrader 4 and 5 platforms will be able to connect to the liquidity provided by CFH Clearing through Finstek Aggregator.

The software development and services arm of GMI Group, Finstek, bridges the gap between platforms, institutional brokerages and liquidity providers in order to enable brokers to control their trading environment.

According to the statement announced today, brokers will be able to choose from different connectivity options as Finstek technology connects multiple liquidity streams with trading platforms.

Finstek majority shareholder and Chairman Ashraf Abid commented: "We are delighted to form this strategic partnership with CFH and I want to thank the teams on both sides for their expertise, dedication and professionalism. If 2020 has shown us anything, it is that efficiency and technology are essential to deal with the never-ending challenges facing the brokerage industry, and that brokers must ensure they can offer future-proofed, scalable technology solutions to their clients."

The new partnership offers interbank liquidity pools via proprietary technology to institutional clients, ranging from retail FX brokers to banks and fund managers. It secures access to a choice of platforms and a range of relevant solutions, including liquidity, risk management, and reporting tools. This liquidity can be integrated using APIs into multiple trading venues and third-party platforms.

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The new collaboration is expected to be an important growth driver for both Finstek and TradeTech Group's liquidity provider as they aim to complement their existing product suite and attract new players to the market.

Enabling clients' access to such a broad list of B2B derivative products under a unified technology and clearing solution is a highly progressive model, both in terms of software and brokerage.

CFH Clearing, which operates as a liquidity provider for small and medium-sized institutional clients and an STP broker for high net worth and institutional clients, has recently expanded the reach of its liquidity feed to a greater pool of accredited financial entities.

Commenting on the partnership, CFH's Head of European Sales, Paul Groves, said: "We are excited to partner with Finstek to provide the latest piece of technology within the aggregation and bridging space and bundle it with our bespoke liquidity resulting in the most cost-efficient solution to date for MT4 and MT5 brokers."

Mikhail Yakutovich CEO of Finstek also noted: "We are proud to have earned the trust and confidence of such a well-established and respected top tier Prime Broker like CFH and look forward to delivering a competitive and superior product together with excellent service. Collaboration between our teams and our ability to customise to meet their specific business needs ensured we could deliver on CFH's requirements."

How To Choose A Good Trading System — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio - Santa Clarita News - KHTS Radio

Posted: 25 Nov 2020 10:34 AM PST

A variety of web terminals and specialized software makes a novice trader think about choosing a trading platform that they can easily use without turning to any other services. How to do it? What to focus on? And what trading features should a good solution have?

Key Selection Criteria

Of course, different traders value different things. Some may like MetaTrader 5 whereas others may give preference to MetaTrader 4. However, there is still a basic pack of features that are important for all.

Here are the main criteria that must be met with high-quality software:

  • The terminal must function without technical failures, including an increase in liquidity. For supporters of long-term trading, such disadvantages are insignificant, but for some people, delays in processing trade orders can lead to loss of profit. To avoid such problems, it is recommended to install the trading software on your home computer, but this is not always effective.
  • It should have extensive functionality. A good trading platform should be packed with different technical analysis tools. When transferring indicators to the chart, developers should provide for the possibility of adjusting the input parameters. It is equally important to use several timeframes of the chart for making a trading decision. Seasoned market players say that this method of filtering false signals is a key element of the strategy.
  • The program should allow for the work with multiple financial instruments at the same time, as well as with automated trading systems. A trader should not experience difficulties when placing urgent, safety, or pending orders.
  • An additional bonus of the terminal would be the availability of the real-time view for monitoring trading volumes (depth of market) and important macroeconomic events that can provoke an unexpected market reaction.
  • Trading should be comfortable; therefore, a good terminal provides the ability to change the color of indicators, background, or the chart itself.
  • Compatibility issues shouldn't be the case. If necessary, the trader should be able to install the platform on any or even a couple of devices at the same time. To do this, developers must take care of the correct operation of the program on any operating system.

Trading platforms are essential. It is impossible to imagine modern online trading without them. The terminal allows the trader to analyze, open deals, and greatly simplifies the development of the existing trading system in practice. Therefore, choosing a platform is an important stage at the start of every trader's career. A person who has a high-quality, reliable, and convenient tool performs one's work faster and more successfully. A trading platform is the main and the only tool that helps a trader to somehow influence the market.

Do you have a news tip? Call us at (661) 298-1220, or send an email to newstip@hometownstation.com. Don't miss a thing. Get breaking KHTS Santa Clarita News Alerts delivered right to your inbox. Report a typo or error, email Corrections@hometownstation.com

KHTS FM 98.1 and AM 1220 is Santa Clarita's only local radio station. KHTS mixes in a combination of news, traffic, sports, and features along with your favorite adult contemporary hits. Santa Clarita news and features are delivered throughout the day over our airwaves, on our website and through a variety of social media platforms. Our KHTS national award-winning daily news briefs are now read daily by 34,000+ residents. A vibrant member of the Santa Clarita community, the KHTS broadcast signal reaches all of the Santa Clarita Valley and parts of the high desert communities located in the Antelope Valley. The station streams its talk shows over the web, reaching a potentially worldwide audience. Follow @KHTSRadio on Facebook, Twitter, and Instagram.

KHTS AM 1220 & FM 98.1 - Santa Clarita Radio - Santa Clarita News

Brokeree Solutions releases multi-server Social Trading system - Leaprate Forex Trading News

Posted: 25 Nov 2020 03:20 AM PST

[unable to retrieve full-text content]Brokeree Solutions releases multi-server Social Trading system  Leaprate Forex Trading News

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