Forex Trading Platforms

January 30, 2019 • Sponsored Using MT4 on a Mobile Device The rise of mobile has created even more opportunities for online traders. Thanks to the power of online trading platforms such as MT4 and MT5, you can now download a mobile version and make trades from your handset. With 63% of people in the US using at least one financial app on their smartphone, it’s not surprising that trading apps are becoming more popular. In this post, we are going to look at using MT4 on a mobile device. What is MT4? MT4 , or MetaTrader 4, is the most popular online trading platform for forex traders. It provides a conduit between currency trading systems and your mobile device. It has lots of useful features for forex traders, including charts and graphs to help you analyze historical and current prices, tools such as stop losses, and expert robo-advisors so you can automate trades. You can download MT4 on to a desktop PC, use a browser version, or install an app. The app version of MT4 is easy...

Forex options hedging strategy A currency option gives the holder the right, but not the obligation, to exchange a currency pair at a given price before a set time of expiry. Options are extremely popular hedging tools, as they give you the chance to reduce your exposure while only paying for the cost of the option. Let’s say you’re long on AUD/USD , having opened your position at $0.76. However, you are expecting a sharp decline and decide to hedge your risk with a put option at $0.75 with a one-month expiry. If - at the time of expiry - the price has fallen below $0.75, you would have made a loss on your long position but your option would be in the money and balance your exposure. If AUD/USD had risen instead, you could let your option expire and would only pay the premium. How to hedge forex Hedging strategies are often used by the more advanced trader, as they require fairly in-depth knowledge of financial markets. That is not to say that you cannot hedge if you are new to...

Twitter Facebook Google+ WhatsApp LinkedIn Pinterest Email Forex trading is something anyone can do. All you need is a trading account with a forex broker and a good internet connection. You don’t need to work for an investment bank or have a master’s degree in advanced mathematics. The rise of online forex trading platforms has opened up the foreign exchange markets to everyone. Most non-professional forex traders don’t trade full-time. For many, it is a hobby or challenging way to make some extra cash on the side. Thanks to innovative automated trading tools found on top forex trading platforms such as MT4, you don’t even need to be at your desk to trade forex. The question we are answering today, however, is whether it is possible to make a profit if you only trade forex part-time. Let’s find out. Making a profit trading forex is not easy. More than half of all traders lose money on their trades. It is fair to say that not everyone is well-suited to the challenges of forex ...