How to Choose a MetaTrader Compatible Forex Broker
If you have been using the MetaTrader 4 demo account, you may need to transition to a live trading account so that you can apply your skills with real money at some point. MetaQuotes- the software company behind MetaTrader is not an investment provider or brokerage which means you need to connect the terminal to a licensed broker. You need to be careful about how you go about choosing your forex broker if you want to be successful in the trade as a beginner. Here five important things you should consider before you choose a forex broker if you are using Meta Trader as your primary trading platform: 1.Does the Forex Broker Support Metatrader4? A majority of established forex brokerages support MT4 as their primary client forex trading platform. However, there are other trading platforms out there and some brokerages prefer them over MT4 for commercial reasons. Make sure the forex broker you select supports forex MetaTrader 4 out of the box before you open an account with them. Most brokerages will offer MT4 as a free download after you create an account with them. This is more or less the same MT4 console that you can get from MetaQuotes albeit with some tweaks to support brokerage-specific features and add ons such as…
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